Chief Compliance — leadership of the compliance function
Executive leadership, governance and board accountability for the compliance function, within the Portuguese legal order.
Three grades of one function
The compliance function is exercised at three levels of seniority and proximity. The Compliance Advisor advises from outside; the Compliance Officer operates the function inside the organisation; the Chief Compliance Officer leads it at the executive level and answers to the board. This site is the leadership grade.
Officer — operates the function
The function that runs compliance day to day. It lives at complianceofficer.pt and complianceofficer.eu.
Chief — leads the function
Executive leadership, governance and accountability to the board. The apex grade of the function.
The Chief's Responsibilities
What a Chief Compliance Officer owns, at the leadership level of the function.
Mandate and Independence
A formal mandate, direct access to the board and the functional independence that legitimises the compliance function.
Governance and Board Reporting
Reporting lines, periodic reporting to the board or its committee, and the demonstration of effectiveness.
Compliance Programme
Ownership of the compliance programme — policies, controls and the risk appetite that frames it.
Compliance Risk
Identification, assessment and treatment of compliance risk, integrated with the organisation's risk management.
Culture and Tone at the Top
Active stewardship of the compliance culture and of the tone set by leadership.
Regulator Relations
Engagement with supervisory authorities, representation and the management of regulatory expectations.
Accountability and Evidence
Production of auditable evidence that demonstrates compliance effectiveness to the board and the authorities.
Governance and board accountability
The Chief's relationship with the board: reporting lines, indicators and demonstration of effectiveness.
Solutions
Sectors
Boards & Audit Committees
Large Enterprises
Regulated Sectors
Groups & Multinationals
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The executive briefing on compliance governance and board accountability.