What duty, objective and responsibility does a Compliance Officer fulfill?
DUTY – The Compliance Officer has a duty to his employer to work with management and staff to identify and manage regulatory risk. OBJECTIVE – the overriding objectives of a compliance officer should be to ensure that an organization has systems of internal control that adequately measure and manage the risks that it faces. RESPONSIBILITY – The general responsibility of the Compliance Officer is to provide an in-house compliance service that effectively supports business areas in their duty to comply with relevant laws and regulations and internal procedures.
