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Why should an organization hire a lawyer for what are not typical "legal counsel" jobs? These 'quasi-legal' roles, such as compliance, risk management and IP are on the rise. Read on for the value-add of hiring a legally trained professional for the role and how it can enhance your organization, and ultimately the bottom line! https://lnkd.in/gD59S2pM #lifeafterlaw #legalhiringforquasilegalroles #randibean #pearlprokash #alvarobesa #dianaserano

Compliance: What does a legal and compliance officer do, there are different areas of compliance officer from business compliance to Fica and Fais compliance officers. I shared previously, but herewith again different officers and their roles. Do some research and reach out to compliance officers in current roles. Various institutions offers post grad and short courses. This can be for BA Law, Bcom law and LLB Comments welcome from existing officers to guide those wanting to pursue ( as I only provide career alternatives) Key Takeaways. A compliance officer is an individual who ensures that a company complies with its outside regulatory and legal requirements as well as internal policies and bylaws. Compliance officers have a duty to their employer to work with management and staff to identify and manage regulatory risk.What is compliance with the law? Compliance/legal compliance, then, can be defined as a set of processes and procedures within a specific program to ensure adherence to government regulation and laws. What do you need to be a compliance officer in South Africa? Criteria for Phase I approval 3 (1) An applicant must- (a) hold a qualification on the list of recognised compliance qualifications; (b) have passed the regulatory examination; (c) have at least three years' experience in performing a compliance or risk management function; (d) comply with the same requirements ... Why pursue a career in compliance? A career in audit, risk and compliance can be a highly rewarding and fulfilling choice for individuals who have an interest in ensuring that organisations and businesses operate in a responsible, ethical, and compliant manner What does compliance department do? What Is the Compliance Department? The compliance department ensures that a business adheres to external rules and internal controls. In the financial services sector, compliance departments work to meet key regulatory objectives to protect investors and ensure that markets are fair, efficient and transparent How do I become a FAIS compliance officer? Criteria for Phase I approval 3 (1) An applicant must- (a) hold a qualification on the list of recognised compliance qualifications; (b) have passed the regulatory examination; (c) have at least three years' experience in performing a compliance or risk management function; (d) comply with the same requirements ... What is an example of a compliance officer? Business ethics officer: A business ethics officer helps businesses make sure that they adhere to ethical standards. Financial services compliance officer: A financial services compliance officer works for a financial institution to help it stay in compliance with financial laws and regulations. What is the role of a FICA compliance officer? The compliance officer is responsible for ensuring that the institution complies with FICA's requirements and for reporting any suspicious transactions to the Financial Intelligence Centre (FIC). In short..explore✨️

In today’s fast-paced business environment, compliance is more crucial than ever. As organizations face increasing regulatory demands, the role of the compliance manager has evolved beyond traditional responsibilities into a vital position that drives operational efficiency and strategic growth. Why Compliance Managers Matter Compliance managers are not just gatekeepers; they are strategic partners who ensure that organizations navigate the complex landscape of regulations seamlessly. By developing and implementing compliance programs, these professionals help mitigate risks and protect the organization’s reputation. Their work is essential in building trust with clients, stakeholders, and regulators alike. Key Responsibilities of a Compliance Manager 1. Regulatory Knowledge: Compliance managers must stay informed about industry regulations and standards. This expertise enables them to guide the organization in meeting compliance requirements effectively. 2. Policy Development: They play a critical role in creating and maintaining policies that align with regulatory frameworks, ensuring that everyone in the organization understands their responsibilities. 3. Training and Awareness: Educating staff about compliance policies and procedures is essential. Compliance managers facilitate training sessions to instill a culture of compliance throughout the organization. 4. Monitoring and Reporting: Ongoing monitoring and reporting are vital for identifying compliance gaps. Compliance managers use data analytics to assess risks and implement corrective actions when necessary. 5. Collaboration Across Departments: Effective compliance requires collaboration. Compliance managers work closely with various departments, from IT to HR, to ensure a unified approach to compliance. The Future of Compliance Management As the regulatory landscape continues to evolve, compliance managers will need to leverage technology to streamline processes and enhance visibility. Tools like Secureframe’s compliance management platform empower these professionals to automate tasks, gather insights, and respond swiftly to compliance challenges. In conclusion, the role of compliance managers is indispensable in today’s organizations. By embracing their responsibilities and utilizing the right technology, they not only safeguard their organizations but also contribute to overall business success. At Secureframe, we are dedicated to supporting compliance managers in their mission to foster a compliant and thriving business environment. Let’s connect and explore how we can work together to enhance your compliance efforts! Read full blog here: https://lnkd.in/gS2KfDfe #Compliance #RiskManagement #BusinessGrowth #Secureframe

“The Red Flag Reflex: A Compliance Officer’s Sixth Sense” Every compliance and legal professional knows the feeling. You’re reviewing a contract, discussing a new initiative, or preparing to sign off on a process, when suddenly something feels…off. There’s no hard evidence, no glaring mistake, just an intuitive nudge that says, “Maybe we need to look a little closer here.” It’s that undefinable gut feeling that whispers, “Something could go wrong.” We call it the Red Flag Reflex. The Red Flag Reflex is that blend of experience and intuition that alerts compliance officers to potential risks lurking just beneath the surface. We might not be able to articulate the concern right away, but we’ve seen enough to know when to hit pause and dig deeper. Why the Red Flag Reflex Matters 1. Experience in Disguise: Often, this reflex stems from a combination of past lessons learned, industry knowledge, and regulatory awareness. Sometimes, it’s a memory of a prior issue, a recent regulatory update, or a cautionary tale from another jurisdiction that sets off a silent alarm. 2. A Natural Defense Mechanism: Legal and compliance professionals are the guardians of an organization’s reputation and operational integrity. When we feel that subtle unease, it’s our instinct for protecting the organization that urges us to pause, reflect, and investigate. 3. A Chance to Avoid the Unknown: The Red Flag Reflex acts as an early warning system for risks that might otherwise remain hidden. By listening to that reflex, we often prevent small issues from snowballing into serious problems. How to Harness the Red Flag Reflex Here’s how compliance officers can make the most of this sixth sense: • Ask Open-Ended Questions: When that reflex kicks in, don’t ignore it. Ask probing questions that may reveal hidden information, potential gaps, or subtle risk factors. • Engage in Collaborative Dialogue: Sometimes, sharing that feeling with your team can lead to a valuable conversation, helping to identify potential red flags or clarify uncertainties. • Trust Your Instinct: The Red Flag Reflex is worth trusting. Seasoned compliance professionals know that this gut feeling can often be the best risk management tool at their disposal. Acting on it can save an organization from unexpected pitfalls. In the world of regulatory compliance, staying a step ahead of risk is crucial. The Red Flag Reflex may be subtle, but it’s a powerful ally, helping us protect our organizations before issues escalate. So next time you feel that nudge of doubt, remember — it’s just your Red Flag Reflex looking out for you. Trust it, and don’t hesitate to investigate further.

The Chief Compliance Officer (CCO) role is essential in building an organization that meets regulatory standards and upholds a robust ethical culture. But what should the CCO be reporting to the Board of Directors to ensure they understand the full scope of the company’s compliance landscape?

7 Tips for Strengthening Your Compliance Program to Increase Resilience

SPOTLIGHT (CORPORATE) INVESTIGATIONS LTD… …following our recent (re-)accreditation and certification for ISO 9001 and ISO 27001, SPOTLIGHT is also pleased to announce its new dedicated service relating to all aspects of INTERNAL INVESTIGATIONS in compliance with ISO 37008. Conducting an investigation of potential or actual misconduct is a normal part of corporate life. The investigations could be related to GDPR/Data Protection, Anti-Money Laundering, CSRD, bribery, employment issues or suppliers. The issues could be simple or very complex. They could be in one location or spread around the World. Either way, ISO 37008 helps build an Investigations system that works and adds value to an organisation. ISO 37008 is a unique and exclusive reference regarding internal investigations. The objective of this standard is to standardise the processes of internal investigations within organisations on a global scale. BENEFITS: ·        Better investigations likely means faster ones ·        Increased transparency and accountability ·        Improved compliance with laws and regulations ·        Not only helps avoid potential sanctions and penalties but also reinforces the integrity of business practices. ·        Enhanced reputation through proving compliance ·        Risk Management and Compliance: plays a crucial role in risk management and regulatory compliance. ·        Improves quality of investigations, with integrity and quality ·        Strengthens organisational resilience against potential risks ·        Reinforces internal and external trust but also strengthens the organisation’s position against potential legal and reputational challenges ·        A solid framework ensuring consistency and quality throughout all phases of an investigation ·        Enhance the effectiveness of the investigation process ·        A guardian of ethics and integrity, establishing clear guidelines for conduct during investigations ISO 37008 espouses traditional principles around which most corporate investigations programmes are built. These principles remind organisations to ensure that investigations are: ·        independent ·        confidential ·        conducted by skilled professionals ·        objective and impartial ·        conducted in accordance with applicable laws giving guidance on determining how and whether a company should disclose potential findings to authorities. SPOTLIGHT can advise, provide consultancy services, represent, or conduct entirely ALL aspects of Internal Investigations in accordance with ISO 37008. SPOTLIGHT’S INTERNAL INVESTIGATIONS SERVICE IS HEADED BY MARTIN RYAN, Director/General Counsel/Head of Regulation and Compliance and Serious Fraud Investigations: PLEASE CONTACT US without cost or obligation. (A copy of our ISO37008 Policy Manual is available to our clients on request)

Working in the Compliance department at Kuda has been a team effort, and I’ve come to truly appreciate the collaboration and dedication of my teammates and managers. Here's what we’ve achieved together: 1. Mastering Complex Regulations as a Team: Navigating regulations like CBN guidelines and NDPR isn’t a solo journey. We’ve worked together to dissect and interpret these laws, ensuring Kuda stays compliant. Every challenge we face is tackled as a team, with everyone bringing their expertise to the table. 2. Risk Management is a Shared Responsibility: In our fast-paced industry, spotting and managing risks is critical. Whether it's detecting money laundering, fraud, or potential compliance breaches, we work collectively to identify issues early on. It’s our joint effort that ensures we protect the business, and I’m proud to be part of such a vigilant team. 3. Balancing Innovation with Regulatory Standards: With Kuda’s drive for innovation, our Compliance department plays a key role in aligning new ideas with legal standards. Our managers have been instrumental in guiding us, and together, we’ve found creative solutions that allow the company to grow without compromising on compliance. 4. Precision in Documentation, Together: The level of detail and accuracy required in compliance reporting can be daunting, but we handle it as a unit. Whether it’s preparing reports for audits or updating internal policies, our managers and teammates ensure that everything is done with precision and care. 5. Continuous Learning and Growth as a Team: The regulatory landscape is always evolving, and we’ve embraced a culture of learning. From managers who share insights on new trends to teammates who bring fresh perspectives, we push each other to stay ahead and adapt to every challenge that comes our way. Working in the Compliance department at Kuda has taught me the value of teamwork, and I’m grateful to be surrounded by such supportive and knowledgeable colleagues Rasaq Kadri Oluwasegun Sekoni (ACIB, DCP, CAFCA) Muyiwa Falusi ACIPM, CAMS Temitope Adams DCP, APAc Francis Kentebe Samuel Teslim Omogbolahan Yusuf Victoria Ogbe-Ogboyi Orireofe Akperi and loads more... Together, we’re not just ensuring compliance—we’re driving Kuda forward in a responsible and ethical way.

🔸Compliance Operability Assessment Using Total Value Chain and Compliance Criticality Analysis🔸 Why Is This Assessment Necessary?   For compliance to be effective, it must generate desired outcomes. These outcomes may include reducing violations and breaches, minimizing identity thefts, enhancing integrity, and ultimately fostering greater stakeholder trust. Realizing these benefits requires compliance to function as more than just the sum of its parts. Unfortunately, many organizations focus solely on individual components rather than the whole system – they see the trees but miss the forest, or concentrate on controls instead of the overall program. Too often, compliance teams work hard and hope for the best. While hope is admirable, it's an inadequate strategy for ensuring concrete outcomes. To elevate above merely a collection of parts, compliance needs to operate as a cohesive system. In this context, operability is defined as the extent to which the compliance function is fit for purpose, capable of achieving compliance objectives, and able to realize the benefits of being compliant.   The minimum level of compliance operability is achieved when: All essential functions, behaviours, and interactions exist and perform at levels necessary to create the intended outcomes of compliance.   This defines what is known as Minimal Viable Compliance (MVC), which must be reached, sustained, and then advanced to realize better outcomes.   For this to occur, we need a comprehensive approach. We need:   ➡️ Governance to set the direction ➡️ Programs to steer the efforts ➡️ Systems to keep operations between the lines ➡️ Processes to help stay ahead of risks   All of these elements must work together as an integrated whole.   To use an analogy, an effective compliance system may not need to be as complex as a car, but it should be at least as functional as a bicycle. The key point is that it must be more than just a box of disconnected car or bicycle parts.   This holistic perspective on compliance operability allows organizations to:   ➡️ Identify gaps with their current compliance ➡️ Prioritize areas for improvement ➡️ Ensure that all components of the compliance system are working in harmony ➡️ Continuously improve and adapt their compliance efforts   By conducting a Compliance Operability Assessment, organizations can move beyond a piecemeal approach to compliance and develop a robust, systemic strategy that is more likely to achieve desired outcomes and create lasting value.   You can read more about this assessment and how Total Value Chain and Compliance Criticality Analysis are used to determine overall compliance operability maturity in our latest article. This post is an 8 minute read and one you may need to refer to often: https://lnkd.in/gU_enqTy #leancompliance #lean #compliance

Excited to see Ethiciti highlighted in the "Compliance Jobs Report" by Radical Compliance! Thanks, Matt Kelly! #Compliance #Ethics #Audit #RiskManagement #Ethiciti #RadicalCompliance #ComplianceJobsReport