Corporate Compliance Officers Are in High Demand
Helane Morrison has a very impressive resume. She is currently the Managing Director, General Counsel, and Chief Compliance Officer of Hall Capital Partners LLC. She is on the Executive Committee of said firm. In 2007, Ms. Morrison was the head honcho for the U.S. Securities and Exchange Commission (SEC), San Francisco Office. She was the first female to serve as chief. Ms. Morrison’s duties involved litigation, securities enforcement, and setting up regulations for other regions.
From 1986 to 1996, Ms. Morrison served as an attorney for Howard, Rice, Nemerovski, et al. In 1991, the firm made her a partner. Part of her work experience involved litigation, SEC related cases and defended clients embroiled in class action suits. She also conducted internal corporate investigations. Ms. Morrison serves on the following boards: Regional Parks Foundation and the Hedge Fund Subcommittee of the American Bar Association. Ms. Morrison majored in Journalism and obtained a B.S. degree from Northwestern University. She received her J.D. from the University of Berkley, California School of Law.
One of the fastest growing careers is that of a Compliance Officer. A Compliance Office is responsible for making sure that programs are in place to help prevent fraud and fix ethical problems by conducting audits, risks assessments, and investigating any wrong doings. The demand for Compliance Officers is growing. Some industries get more regulations than others due to the nature of the business. For example, banks, insurance companies, and gambling establishments are heavily regulated.
Compliance Officers heavily target the gaming industry. They have to have the right licenses. Employees have to have the proper permits. Surveillance cameras are used to monitor actions of casino workers. The Compliance Officer’s job is to make sure that companies are following the rules set up by the Commission. Additionally, the Compliance Officers steer employees from significant errors that would cause legal actions for the organization.
Compliance Officers have the ability to influence the leadership of a company. Some bosses look the other way when things go awry. Most of the time, they don’t know what to do. A Compliance Officer can prevent major mishaps for companies. They will let bosses know what type of activities will trigger a lawsuit or an audit.
The field of Compliance Officer is open for new hires due to the tremendous regulations imposed on individual businesses. As a result, a few universities have a formal degree program for people who want to become Compliance Officers.