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.