The compliance and ethics officer of the future: What skills are necessary?

John Krenitsky
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John Krenitsky: Chief Compliance Officer, The Federal Home Loan Mortgage Corporation, USA

Journal of Financial Compliance, 2020, vol. 3, issue 3, 255-261

Abstract: This paper discusses the attributes of and the skills necessary to achieve an effective compliance and ethics programme. In doing so, it explores how and some of the reasons why the role of compliance has evolved over the past 20 years and how the role of a Compliance and Ethics Officer has expanded from being a knowledgeable, technical expert over legal and regulatory requirements to leading a corporate-wide programme containing several disciplines. The paper may help regulatory and supervisory agencies guide the institutions they supervise to understand the valuable role and appropriate organisational position of Compliance and Ethics Officers to encourage a full seat at the executive table. It may also help institutions of higher education develop curricula to help better prepare the Compliance and Ethics Officers of the future.

Keywords: compliance and ethics programme elements; skills needed for compliance and ethics programme; leadership skills; importance of communicating inspiring messages (search for similar items in EconPapers)
JEL-codes: E5 G2 K2 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:aza:jfc000:y:2020:v:3:i:3:p:255-261

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