077 - When It’s Time to Fire Your Compliance Officer

<p><span style="font-weight: 400;">If your compliance officer is performing poorly, they should be fired from your organization, but sometimes it can be difficult to know who is responsible for the things that are going wrong, and therefore who to fire. In today’s episode I’m going to share with you some red flags to look out for which will make it easier for you to determine whether your compliance officer should stay or go.</span></p> <p><span style="font-weight: 400;">If you found value in this episode, I would really appreciate if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this podcast and help their companies!</span> <span style= "font-weight: 400;">If you are on Apple, just </span><a href= "https://podcasts.apple.com/ch/podcast/compliance-that-makes-sense/id1535160531"><strong>click here to review</strong></a><span style="font-weight: 400;">, select “Ratings and Reviews” and “Write a Review” and tell me what your favorite part of the podcast is. </span></p> <p> </p> <p><strong>Today's episode:</strong></p> <p><span style="font-weight: 400;">[01:10] Conversations that I have had recently with clients about issues they have had with their compliance officers. </span></p> <p><span style="font-weight: 400;">[02:52] Some of the reasons that people feel that they should not fire their compliance officers.</span></p> <p><span style="font-weight: 400;">[04:05] A sign that your compliance officer isn’t doing their job properly. </span></p> <p><span style="font-weight: 400;">[06:37] Why it is a red flag when compliance officers shy away from making important decisions.  </span></p> <p><span style="font-weight: 400;">[07:37] How groups within an organization usually react when they have made a mistake. </span></p> <p><span style="font-weight: 400;">[10:28] When friction within your organization requires attention. </span></p> <p><span style="font-weight: 400;">[12:30] Why it is easier than you may think to