“By recognizing our compliance teams as true risk experts, we can create a balanced, sustainable approach that benefits both efficiency and quality—one careful decision at a time.” Great point Maria Magdalena Calangiu, your experience and expertise in the field shines through.
"Compliance Risk experts”, a title often given to our Compliance teams, but one that can sometimes come with its own set of challenges. While it's true that Compliance teams share many operational goals, they act with a unique purpose: balancing day-to-day processes with a careful assessment of legal and regulatory risks. Operations are focused on productivity and process optimization, ensuring the business runs like a well-oiled machine. Compliance, however, is all about managing risk prudently, keeping an eye on regulations and standards. They’re more than “just” operational; they’re Risk Experts, playing a vital role in protecting the organization’s long-term success. The trick is not to blur these roles. If we approach Compliance as though it's a variant of Operations, just another department aiming for efficiency through “do more with less”, we risk undermining the quality of risk assessments. When Compliance is pushed to fit an efficiency mold, we risk trading deep expertise for quick, superficial solutions, leading to higher costs and rework in the future. Real expertise lies in knowing when to prioritize long-term safety over short-term gains. By recognizing our compliance teams as true risk experts, we can create a balanced, sustainable approach that benefits both efficiency and quality—one careful decision at a time. #RiskManagement #ComplianceExcellence #ComplianceRisk
