For many compliance officers the challenge can be summarized as follows: many challenges, too little qualified staff and a tight budget.
Daily operations cover a wide spectrum of activities; from dealing with new data-privacy regulations, evaluating contracts with agents and conducting fraud investigations to selecting a hotline provider and implementing awareness or training programs. At the same time, the compliance officer is a gate keeper, monitoring new developments. How to keep knowledge up to date and stay on top of all the latest developments?
In practice, this often results in delayed planning and an agenda dominated by day-to-day firefighting. For all professionals tasked with the development and implementation of a corporate compliance program, the Compliance Coach could offer a valuable and cost-effective solution.