Tag: CCO hiring

Categories
Compliance Into the Weeds

Compliance into the Weeds: Why the Compliance Job Market Feels Frozen

The award-winning Compliance into the Weeds is the only weekly podcast that takes a deep dive into a compliance-related topic, literally going into the weeds to explore it in greater depth. Looking for some hard-hitting insights on compliance? Look no further than Compliance into the Weeds! In this episode of Compliance into the Weeds, Tom Fox and Matt Kelly discuss a recent slowdown in compliance and internal audit hiring, with more layoffs and fewer job openings over the last several months.

Matt attributes the “frozen” market to broader economic uncertainty, tariffs, the war in Iran, which is driving higher energy costs, and erratic regulatory enforcement, all of which, combined with executives’ indecision about AI’s costs and impact, lead companies and employees to avoid change. They note structural competition at senior levels due to a larger, more experienced talent pool and the limited number of top roles, while acknowledging opportunities in compliance-adjacent paths such as HR, legal, governance, and integrity functions, depending on experience and credentials. Matt suggests focusing on interpersonal and cross-functional skills AI can’t replace and highlights continued demand in trade compliance, whistleblowers, and anti-fraud/False Claims Act work.

Key highlights:

  • Compliance Job Market Shift
  • Why Hiring Feels Frozen
  • AI and Executive Uncertainty
  • Talent Supply and Senior Roles
  • Career Moves and Branding
  • Where Hiring Still Happens

Resources:

Matt in Radical Compliance

Tom

Instagram

Facebook

YouTube

Twitter

LinkedIn

A multi-award-winning podcast, Compliance into the Weeds was most recently honored as one of the Top 25 Regulatory Compliance Podcasts, a Top 10 Business Law Podcast, and a Top 12 Risk Management Podcast. Compliance into the Weeds has been conferred a Davey, a Communicator Award, and a W3 Award, all for podcast excellence.

Categories
31 Days to More Effective Compliance Programs

One Month to a More Effective Compliance Program: Day 14 – Hiring A CCO: Developing The Job Profile

What should a company do when it desires to hire a CCO? To do so, a company needs to fully understand and appreciate what it needs from such a position going forward. Unfortunately, many companies do not have this insight at the beginning of the recruitment process. The key company stakeholders need to understand the full hiring process. Obviously, this will include HR and others involved in the hiring process for a CCO for the company. It could include the CEO, COO, CFO, CISO, Head of IA and others. They may need to rethink their approach to focus on what they will ask the new hire to accomplish because typically there is a disconnect between what the company thinks it needs and what it really needs.

Tom highlights the importance of developing a comprehensive job profile. Maurice Gilbert provides insights on the topic, emphasizing the need for companies to understand their specific needs and risks when creating a job profile for the CCO position. The podcast also discusses the importance of involving key stakeholders, setting realistic expectations, and considering professional growth opportunities and an attractive package for potential candidates. By involving key stakeholders in defining the role of the CCO and seeking the assistance of a professional executive recruiter, companies can find the right fit for their compliance program’s success.

Three key takeaways:

  1. Bring in your key stakeholders to flesh out the job description.
  2. Consider the top four things you would like a new CCO to accomplish in the first year.
  3. For a new CCO to succeed, the company must have a realistic expectation developed before the process begins.

For more information, check out The Compliance Handbook, 4th edition here.