No Result
View All Result
SUBSCRIBE | NO FEES, NO PAYWALLS
MANAGE MY SUBSCRIPTION
NEWSLETTER
Corporate Compliance Insights
  • Home
  • About
    • About CCI
    • Writing for CCI
    • NEW: CCI Press – Book Publishing
    • Advertise With Us
  • Explore Topics
    • See All Articles
    • Compliance
    • Ethics
    • Risk
    • FCPA
    • Governance
    • Fraud
    • Internal Audit
    • HR Compliance
    • Cybersecurity
    • Data Privacy
    • Financial Services
    • Well-Being at Work
    • Leadership and Career
    • Opinion
  • Vendor News
  • Career Connection
  • Events
    • Calendar
    • Submit an Event
  • Library
    • Whitepapers & Reports
    • eBooks
    • CCI Press & Compliance Bookshelf
  • Podcasts
  • Videos
  • Subscribe
  • Home
  • About
    • About CCI
    • Writing for CCI
    • NEW: CCI Press – Book Publishing
    • Advertise With Us
  • Explore Topics
    • See All Articles
    • Compliance
    • Ethics
    • Risk
    • FCPA
    • Governance
    • Fraud
    • Internal Audit
    • HR Compliance
    • Cybersecurity
    • Data Privacy
    • Financial Services
    • Well-Being at Work
    • Leadership and Career
    • Opinion
  • Vendor News
  • Career Connection
  • Events
    • Calendar
    • Submit an Event
  • Library
    • Whitepapers & Reports
    • eBooks
    • CCI Press & Compliance Bookshelf
  • Podcasts
  • Videos
  • Subscribe
No Result
View All Result
Corporate Compliance Insights
Home Leadership and Career

Due Diligence Questions to Ask During a Chief Compliance OfficerJob Interview

by Corporate Compliance Insights
August 12, 2016
in Leadership and Career
due diligence questions COO job interview

In today’s regulatory climate, the Chief Compliance Officer faces increased personal liability for corporate wrongdoing. There are ways CCO’s can minimize personal risk on the job — but the process begins before accepting a CCO job offer in the first place.

Just as CCOs perform due diligence with third parties on behalf of their employers, they must perform their own due diligence on any potential employer during a job interview.

As a compliance-focused executive recruiter, I know the Yates Memo isn’t simply changing the way CCO’s do their jobs; it’s changing the way they look for jobs – so I asked compliance professionals around the world this month to share their best due diligence questions.

What follows is an aggregate of questions candidates have recently asked management and Boards when being considered for a CCO role with a new employer. The list is unedited and unfiltered – their words to your ears.

Here we go:

  • Why is the position open?
  • If someone was previously in the position, what were the circumstances of his/her departure?
  • Prior to hiring me, would you permit me to meet privately with the chair of the board or committee responsible for compliance oversight?
  • What keeps you up at night?
  • For any prior government sanctioned infraction, what are the lessons learned? What changes have been made?
  • What do you believe to be the greatest regulatory compliance risks facing the company?
  • What do you believe to be the greatest business risks facing the company?
  • What do you believe to be the greatest geographic risks facing the company?
  • Describe the relationship between the company and the regulators
  • What are the main challenges for a CCO in the coming nine months?
  • Are there any areas where the compliance program is not meeting management or board expectations?
  • Do you believe employees are comfortable in reporting potential ethical/compliance infractions?
  • Have you ever had an outside evaluation of your compliance program?
  • Is there anything you believe management can do to support the compliance program?
  • What is the budget/staffing for the Compliance function?
  • What are the reporting lines for the role?
  • Can the CCO veto a Due Diligence target?
  • At what stage is the compliance department involved in establishing a relationship with a business partner?
  • At what stage is the compliance department involved in the M&A process?
  • Is it customary for the CCO to sit in operations meetings pertaining to new products and market initiatives so as to advise the business on risk?
  • What role do you see Compliance playing in management meetings?
  • What is the formal frequency of reporting to the Board and what is the policy for Board reporting on an as needed basis?
  • Have executives in your organization ever walked away from a business opportunity for ethical and/or compliance concerns?
  • Do you feel ethics/compliance is an essential part of a successful business or something that’s just a reality you have to deal with these days?
  • Do you think that ethical business practices do in fact lead to a more successful business if done the right way?
  • How do you view the compliance officer – as part of the business or an external function?
  • What did or didn’t you like about working with their former CCO?
  • What sort of questions have you raised to the previous Compliance Officer?   Have questions been purely technical or have they extended to broader business practices?
  • What do you and Board leadership think about regulatory compliance risk and whether it is viewed proactive or only reactively?
  • How do you think compliance can be a strategic partner in achieving your goals? Is it more just “keep us out of trouble?”
  • Are there ways you believe the compliance program could be a strategic advantage for the company in terms of its health and growth?
  • How would you describe the values of the leadership team and what does the tone at the top look like?
  • Who has authority to fire me?
  • What are you offering in the way of liability protection?
  • Am I free to engage my own counsel if necessary in a response to a government investigation?
  • Can I go to outside counsel on issues before discussing with General Counsel?

Have you road-tested any due diligence questions in a compliance job interview? The threat of personal liability will drive the importance of the due diligence process, so this list of questions can – and will – grow and change in the coming months and years.




Tags: Yates Memo/Personal Liability
Previous Post

Surviving Shakedown Street

Next Post

To Truly Ensure Equal Pay, Employers Must Start from a Blank Page

Corporate Compliance Insights

Corporate Compliance Insights

Corporate Compliance Insights

Related Posts

doj-flag-sculpture

Fraud Section’s 2022: A Year of Individual Accountability, Cooperation With Foreign Authorities & Pushing Compliance Programs

by Morgan Lewis
March 15, 2023

The DOJ’s Fraud Section had a banner year in 2022, posting its highest number of convictions in a single year...

cco being targeted

Recent SEC Charges Suggest CCOs Have Target on Their Backs

by Brian Rubin and Adam Pollet
July 13, 2022

The SEC’s prosecution of chief compliance officers remains a fraught and controversial topic. A recent announcement of an enforced settlement...

Collage illustration of a professional drinking a cup of coffee

Survey Results: Compliance Officers May Experience Mental Health Issues In Part Because They Feel They Have ‘No Permission to Fail.’

by Henry Kronk
January 25, 2022

No one has surveyed the mental health and working conditions of compliance officers for 10 years. We decided that was...

President Joe Biden

The Biden Administration’s New Attack on Corruption:  What Businesses Need to Know

by Sarah E. Paul, Andrea L. Gordon and Dane N. Sowers
January 18, 2022

Though broad in scope, the Biden Administration's plan to counter domestic and international corruption follows four primary lines of effort....

Next Post
To Truly Ensure Equal Pay, Employers Must Start from a Blank Page

To Truly Ensure Equal Pay, Employers Must Start from a Blank Page

Compliance Job Interview Q&A

Jump to a Topic

AML Anti-Bribery Anti-Corruption Artificial Intelligence (AI) Automation Banking Board of Directors Board Risk Oversight Business Continuity Planning California Consumer Privacy Act (CCPA) Code of Conduct Communications Management Corporate Culture COVID-19 Cryptocurrency Culture of Ethics Cybercrime Cyber Risk Data Analytics Data Breach Data Governance DOJ Download Due Diligence Enterprise Risk Management (ERM) ESG FCPA Enforcement Actions Financial Crime Financial Crimes Enforcement Network (FinCEN) GDPR HIPAA Know Your Customer (KYC) Machine Learning Monitoring RegTech Reputation Risk Risk Assessment SEC Social Media Risk Supply Chain Technology Third Party Risk Management Tone at the Top Training Whistleblowing
No Result
View All Result

Privacy Policy

Founded in 2010, CCI is the web’s premier global independent news source for compliance, ethics, risk and information security. 

Got a news tip? Get in touch. Want a weekly round-up in your inbox? Sign up for free. No subscription fees, no paywalls. 

Follow Us

Browse Topics:

  • CCI Press
  • Compliance
  • Compliance Podcasts
  • Cybersecurity
  • Data Privacy
  • eBooks Published by CCI
  • Ethics
  • FCPA
  • Featured
  • Financial Services
  • Fraud
  • Governance
  • GRC Vendor News
  • HR Compliance
  • Internal Audit
  • Leadership and Career
  • On Demand Webinars
  • Opinion
  • Resource Library
  • Risk
  • Uncategorized
  • Videos
  • Webinars
  • Well-Being
  • Whitepapers

© 2022 Corporate Compliance Insights

No Result
View All Result
  • Home
  • About
    • About CCI
    • Writing for CCI
    • NEW: CCI Press – Book Publishing
    • Advertise With Us
  • Explore Topics
    • See All Articles
    • Compliance
    • Ethics
    • Risk
    • FCPA
    • Governance
    • Fraud
    • Internal Audit
    • HR Compliance
    • Cybersecurity
    • Data Privacy
    • Financial Services
    • Well-Being at Work
    • Leadership and Career
    • Opinion
  • Vendor News
  • Career Connection
  • Events
    • Calendar
    • Submit an Event
  • Library
    • Whitepapers & Reports
    • eBooks
    • CCI Press & Compliance Bookshelf
  • Podcasts
  • Videos
  • Subscribe

© 2022 Corporate Compliance Insights

Welcome to CCI. This site uses cookies. Please click OK to accept. Privacy Policy
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT