Compliance Officers and CRO’s are Teaming UP to Stop Workplace Corruption
Compliance officers are important members of organizations, companies and agencies. These individuals have an important job of maintaining workplace ethical and legal standards. They ensure that the workplace is free from problems involving fraud and corruption.
Chief Risk Officers or CROs have a similar function to compliance officers. The primary difference between the two jobs has to do adhering to regulatory compliance. In short, a compliance officer ensures that their organization is conducting business according to laws set forth by the government. CROs are more focused on dealing with any type of situation that will cause a business to lose profits and productivity.
Many companies are now using the services of compliance officers and CROS to help make their organizations more secure. Since the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 was enacted by Congress; many financial, investment and lending organizations must now closely watch the daily operations and transactions that take place between their employees and clients.
Government, business leaders and the general public does not want a repeat of the 2008 recession. This is why the Dodd-Frank Wall Street Reform and Consumer Protection Act was passed. It had to be created as a means of helping organizations to stay in compliance with the law and industry standards.
Compliance officers like Helane Morrison knows that the Dodd-Frank Act helps to make her job easier. Mrs. Morrison has been working as a compliance officer for well over 30 years. She knows the ins and outs of the business. Helane also understands how corruption can quickly spiral out of control within a company or a whole entire industry.
Morrison has many years under her belt working with the Securities Exchange Commission (SEC) as a compliance officer. She knows that keeping employees away from unethical and illegal practices is necessary for keeping a company in the black.
Morrison also understands that businesses have a social, moral and legal responsibility to the communities and consumers that they serve. She understands that CROs bring added value to the workplace and help to keep things moving smoothly. More information about this subject is featured in an article that appears in the Wall Street Journal.