Question: How would you address a complex ethical concern? At this point in this course, you know that compliance officers bring their experiences, thought patterns, and
How would you address a complex ethical concern? At this point in this course, you know that compliance officers bring their experiences, thought patterns, and individual biases to their work. One of the most challenging parts of the role is trying to find the blind spots and gaps in the monitoring process. Essentially, as a compliance officer, your work is detail-driven and focused on identifying what is missing or what can be improved. The role of compliance requires the compliance officer to take the lead in implementing, evaluating, and reporting on controls. Any preconceptions the compliance officer may have regarding these responsibilities may be perpetuated in the organisations compliance culture. In preparation for writing this journal entry, take a moment to reflect on your idea of the ideal compliance officer based on what you have learnt throughout this course, focusing particularly on the discussions in the two podcasts in Module 7. How do you think personality type affects the role? It might be helpful to consider the following: What personality traits do you consider integral to the monitoring and reporting process? Why? Which of those traits do you feel you possess? Are there any barriers to cultivating these traits in your work? Do you think you have any characteristics that may work against you in the field of compliance? How could you turn these potential weaknesses into successes? Do you think personal ethics affects risk management? If so, how? Consider your role in compliance monitoring and reporting. How do you think your own personality, biases, and lived experiences will affect your work?
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