The compliance officer is one profession that is growing at a rapid pace. This is a newer job that has not been in place for a long period of time. In the last 20 years this profession has exploded from having zero jobs to now blooming into tens and thousands of jobs. This is certainly a profession that is needed.
The compliance officer has the ability to prevent fraud in the workplace as well as having the role of fixing problems that arise or are beginning to arise. Compliance officers much meet fraud or unethical behavior head-on such as Helane Morrison, Hall Capital’s chief compliance officer’s assessment of Metropolitan.
The following are some of the roles that an officer of compliance will be responsible for. These include:
* risk assessments
* the fixing of ethical and regulatory problems
* the implementing of compliance programs
Prevention is incorporated in the role of the compliance officer. Preventing problems and preventing fraud. There is much to this overall role. The compliance officer will keep the employees from making mistakes, the goal of this would be to prevent any punitive actions.
The Necessary Skills
The compliance officer must possess some standard skills in order to be effective. These include the following:
* the ability to have an influence of the leaders of a company
* strong people skills
* solid technical skills
Leadership will play a big role in solving the problems in a company. If the leadership has not been influenced previously, the problems most likely will continue because they must be dealt with in order to be resolved. There are several universities that do offer a formal degree program for those who wish to pursue this career.
Helene Morrison and A New Era
Helene is part of this new era of compliance, marketing, and fundraising. Ms. Morrison holds the following positions at Hall Capital Partners LLC. These include:
* General Counsel
* Chief Compliance Officer
These are vital positions that do lead to high standards. There is absolutely no false advertising allowed. The prohibiting of misleading statements and puffery is enforced because it lacks ethics and high standards.
Helane Morrison Requests Corrections
Ms Morrison is a lawyer with many requests. The requests have been for the corrections in business practices. These requests have been a result of the last three years that include the requests along with deficiency letters under her direction. She has been the director of the enforcement program of the Securities and Exchange Commission. This has been in the San Franciso District Office.