There have been sizeable reports of attacks that target compliance officers in the recent past. While these officers simply have to accept the scrutiny as newer laws are made, they ought to distribute their services as per their own business acumen. Professional work ethics, similar to the number of these officers, have been increasing ever since, but they aren’t taming the increasing cases of corporate fraud and scams.
Going by the recent upsurge in such cases as the Volkswagen emissions-software scandal, a lot are at stake concerning what is expected of them. Their inefficiencies have severally been costly to their respective companies, some even costing a fortune. However, their role is hugely important in a firm.
A day in the life of a compliance officer is an interesting one as much of their time in office is spent monitoring the firm’s controls in a bid to mitigate any compliance risk.
The employees including the board of directors and the management must follow all the laid down rules and meet the company’s standards of conduct for its smooth operation. In a nutshell, a compliance officer is crucial for communication in a firm and is the last formal conduit of communication especially when all the other avenues have been exhausted. They work to keep the law and their company’s best interests in mind at all times.
Helane Morrison is a notable figure in the world of a compliance officer. Besides being the managing director of Hall Capital Partners, she is their Compliance Officer as well as their lead counsel. Her stern look coupled with a lengthy experience in the niche has immensely helped her climb the ladder to where she is today. Before joining Hall Capital Partners in 2007, she was working in San Francisco, primarily representing the interest of the San Francisco Exchange and Security Commission.
In her current role, Helane is a leader and a team player. In fact, she was a practicing lawyer before her current job, and she is highly knowledgeable in all that pertains her career. She attributes her expansive knowledge on her past stints that include working with the SEC.