The Compliance Life details the journey to and in the role of a Chief Compliance Officer. How does one come to sit in the CCO chair? What are some of the skills a CCO needs to success navigate the compliance waters in any company? What are some of the top challenges CCOs have faced and how did they meet them? These questions and many others will be explored in this new podcast series. Over four episodes each month on The Compliance Life, I visit with one current or former CCO to explore their journey to the CCO chair. This month, my guest is Ryan Rabalais, currently an Ethics and Compliance Officer at Bechtel Oil, Gas & Chemicals. Rabalais has been Vice President and CCO at both Rowan Companies and Paragon Offshore.
Ryan Rabalais has over two decades of legal and compliance experience in the oil and gas sector, including being a Vice President & Chief Compliance Officer for two different companies with global operations. Ryan has a history of providing practical solutions to the business and managing overall corporate and regulatory compliance programs. His compliance experience includes a particular focus on anti-corruption, sanctions, trade controls and US anti-boycott, with reporting responsibilities to senior management and the Board of Directors of large, publicly traded companies.
In this final episode, Ryan talks about the all-important role of culture in an organization and the role of the CCO in being a spokesman for culture. He concludes with some thoughts about the importance of institutional justice and institutional fairness and why the CCO needs to help lead this effort throughout the organization.
Day: June 23, 2020
On this special bonus episode of The Ethics Experts, we speak with Bethany Ghassemi and Troy Keach of HumanGood about why they took their compliance internal, and why company culture helps the department run smoothly.
Check out more episodes, and don’t forget to subscribe on your favorite podcast platform!
Welcome to the newest addition to the Compliance Podcast Network, Compliance and Coronavirus. This week, I visit with three Managing Directors from Affiliated Monitors about issues they are seeing around Covid-19 and the economy reopening, each from their professional perspective. In this episode I visit with Rod Grandon on issues around government contracting, government contractors and businesses which received PPP funding.
Grandon retired from the United States Government in 2017 after serving as a member of the Senior Executive Service with the Department of the Air Force and the US Coast Guard. Immediately prior to his retirement, Mr. Grandon was the Air Force Deputy General Counsel for Contractor Responsibility and Conflict Resolution. In that capacity, he served as the Air Force’s Suspending and Debarring Official, exercising authority to exclude contractors from the federal marketplace and entering into administrative agreements to provide contractors the opportunity to improve their operations and practices in lieu of suspension or debarment. He is the current co-chair of the ABA Public Contract Law Section, Suspension and Debarment Committee. He is a frequent speaker and lecturer on matters relating to contractor responsibility.
For more information on AMI, check out their website here.
Melissa Koch is the CEO of InFront Compliance, an online assessment and reporting tool for highly regulated industries. She is a business, technology and data lawyer by trade, with over 20 years experience. As such, she has been at the forefront of the changing landscape of compliance. She chats with Tom Fox about how her company helps its clients navigate the intersection of law, technology and compliance.
The Intersection of Law, Technology and Compliance
“It’s always at the intersection that I think the most interesting things happen,” Melissa tells Tom. When you view compliance as an ecosystem – the intersection of law, technology and compliance as a unified field – you are able to see how they all work together to create an environment of collaboration and communication. Collaborative vendor risk management in particular, she explains, views compliance as an ecosystem with many stakeholders. It’s a way to facilitate lines of transparency between these stakeholders to enable reliability and consistency and to help define your company’s overall compliance posture. “And the foundation is really about communication and making sure you know who’s involved, what they’re doing, and having those sightlines and having that visibility to make much more informed decisions… on how to manage the compliance landscape.”
Embracing Data In Real-Time Vendor Management
Tom asks how data fits into the collaborative ecosystem. Melissa responds that InFront Compliance embraces data because you can’t get the transparency to make better decisions without it. InFront creates and curates libraries of assessments for organizations in highly regulated industries such as financial services. Ensuring that their businesses stay compliant in a fast-changing regulatory landscape, is one way InFront serves their clients. They also foster a “continuous culture of compliance” so their clients can see where they have gaps and close them before they become a problem.
Building Resilience
A business is resilient if it’s able to bounce back quickly after an event that impacts its operations. Melissa remarks that resilience, policy development and change management all work together to make sure that your organization can effectively navigate any sudden and/or unforeseen changes. One way your company can build resilience is to adopt a dynamic and practical approach to policy development, Melissa says. “For those organizations that are adaptable and fluid in their ability to navigate change, are policies that live and breathe with the organization. So they are created specifically for that organization and how that organization does business. But they also have built into the policy regular review periods… It makes sure that everything is accurate and reflective of how that organization does business and when it’s not, then it changes… Those policies are there to help support the organization when there’s been a stress event for the organization.”
Resources
InFrontCompliance.com
Email: melissa@infrontcompliance.com
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Lead Your Team Well
I’ve had the Crosby, Stills, Nash and Young song “Teach Your Children” in my head this week, which made me ponder about how we need to also “lead our team well.”
“You who are on the road, must have a code that you can live by” which I believe is servant leadership.
We don’t often talk about leadership, or have leadership training opportunities for ourselves or our team in internal audit, but these skills are some of the most important ones for us to acquire and develop. Exactly the sort of thing we work on in the CAE Forum.
When we show up as a servant leader, productivity increases, we work less, have less stress and you “can look at them and sigh, and know they love you.”
I can’t cover everything in one episode, so here is a great leadership training opportunity for you and your team. Make sure to share this with your whole team … and it’s free. When you learn and implement these four secrets you will see an increase productivity.
4 Secrets to Leading Productive and Thriving Audit Teams
Tuesday, June 30, 2020 · 9:00 AM PDT
https://www.bigmarker.com/crisk-academy/4-Secrets-to-Leading-Productive-and-Thriving-Audit-Teams
Here’s to leading your team well this next week!
