113 - Boomers’ Mentality Can Paralyze Your Compliance Team (Even When They Are Millennials)

<p><span style="font-weight: 400;">Is your team suffering from Boomers’ Syndrome? If the answer is yes, you are not alone! Tune in today to hear why the traditional approach to compliance is so problematic in today’s world and what you can do to help your team move away from it.</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;">[00:40] The focus of today’s episode: the problem with Boomers’ Syndrome and what to do about it.</span></p> <p><span style="font-weight: 400;">[01:33] Questions to ask yourself to determine whether your compliance team is suffering from Boomers’ Syndrome.</span></p> <p><span style="font-weight: 400;">[03:38] Why even young, smart people contract Boomers’ Syndrome.</span></p> <p><span style="font-weight: 400;">[04:01] Institutional environments that Boomers’ have grown up in.</span></p> <p><span style="font-weight: 400;">[05:18] What many compliance officers think their job is.</span></p> <p><span style="font-weight: 400;">[05:56] An overview of what the traditional compliance approach looks like in practice. </span></p> <p><span style="font-weight: 400;">[07:45] A brief explanation of the agile approach.</span></p> <p><span style="font-weight: 400;">[08:20] Why the agile approach makes most compliance offers feel uncomfortable.</span></p> <p><span style="font-weight: 400;">[09:07] The tensions between com