When SAI Global founded Compliance Officer Day in 2016, we were in the midst of significant changes to the compliance discipline and the roles of the professionals dedicated to it. The speed the industry has evolved since can be surprising even to those closest to it.
With changing regulatory obligations and shifting societal expectations, the role of the compliance officer has become a multi-dimensional challenge. Not only has the skillset of compliance officers grown in tandem with the velocity and complexity of risks and regulations, but ethics, culture, and values have also become more crucial to their role. It’s a very different world compliance officers find themselves in from even three years ago.
Today, compliance is no longer seen as the ‘back office police’ second to front office profit-makers; compliance officers fulfil a business partnership role with a seat at the table. Compliance officers offer more than ensuring organizations avoid penalties. They are the chief advocates of “doing the right thing”.
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