147 - Rise of the Business-Like CCO Part 3: Compliance Organization

<p dir="ltr">“Your business will grow to the level of problems you are willing to handle,” so if you want your business to thrive, start getting comfortable with solving bigger and more complex problems!  </p> <p dir="ltr">Tune into this third and final segment of the Rise of the Business-Like CCO for a deep dive into the five stages of business (and what each stage means for compliance) and to have all your questions about hiring (from my rule of thumb to avoid the trap of overhiring to why you should think carefully before hiring part-time interns) answered!</p> <p dir="ltr">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! If you are on Apple, just <a href= "https://podcasts.apple.com/ch/podcast/compliance-that-makes-sense/id1535160531">click here to review</a>, select “Ratings and Reviews” and “Write a Review” and tell me what your favorite part of the podcast is. </p> <p><strong> </strong></p> <p dir="ltr"><strong>Today's episode:</strong></p> <p dir="ltr">[01:56] An overview of what you can expect to learn from this episode. </p> <p dir="ltr">[03:26] How to ensure that your compliance organization is improving. </p> <p dir="ltr">[05:29] A common fear experienced by compliance officers (and why this fear is problematic). </p> <p dir="ltr">[07:50] A new perspective on dealing with problems as a compliance officer. </p> <p dir="ltr">[09:04] Why Coinbase was recently sued by the SEC and how they have managed the situation. </p> <p dir="ltr">[12:53] Basic business principles that all companies should uphold. </p> <p dir="ltr">[14:41] Understanding the problem of conditional performance. </p> <p dir="ltr">[16:56] Why I recommend the “be, do, have” approach to problem-solving. </p> <p dir="ltr">[19:15] Comparing the operations side of compliance to the project management side of compliance. </p> <p dir="ltr