What makes a good compliance manager?

The job description of a compliance manager is typically along the lines of making sure that a company is conducting its business in compliance with all national and international laws and regulations that apply to its business, as well as professional standards, accepted business practices, and the internal Code of Conduct, policies and procedures and internal controls.

But what skills and attributes does a compliance manager need?

Obviously a compliance manager needs to be ethical, proactive, organised and detailed.

You need to be aware of potential negative consequences but be sensitive to the demands and expectations of the business.

The primary job of a compliance manager is to give the business insight into compliance issues.

You can help the business most when you provide “lightbulb moments” which show what it needs to do to solve a problem: to correct something it is doing wrong or showing it is missing a big opportunity.

In those cases the business itself can see that change is necessary or the possibilities of innovation.

To achieve that insight staff training is essential.

The communication of your compliance program is something that must be done on a regular basis to ensure its effectiveness.

And you have to know what is coming.

Take advantage of all communication channels inside the business to make sure the message gets out.

Document everything.

To maintain your knowledge and skill, you need to keep up to date with changes in the law and regulations, and the benefits and risks associated with new technology.

Call me to talk about how Bright Law can assist you.

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