What to Look for When Hiring a Chief Compliance Officer

What to Look for When Hiring a Chief Compliance Officer

There is one factor you must keep in mind when hiring a Chief Compliance Officer.

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When hiring a Chief Compliance Officer, we’ve often seen that the need to hire such an employee generally rises under time sensitive circumstances. It can be tempting to simply look at a candidate and think, “Well, they’re good enough.”

RIA compliance is very different from other related banking and financial services industries, even the closely related Broker Dealer arena.

 

However, just because a person has a background in compliance, this doesn’t mean they’ll be a good fit in a registered investment advisor. RIA compliance is very different from other related banking and financial services industries, even the closely related Broker Dealer arena. It can take a long time to train someone who doesn’t already have the understanding of the unique fiduciary mindset required for this role. When hiring a Chief Compliance Officer, you should always seek out candidates who are already well trained and have direct RIA compliance experience.


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Leah Yosef International is the Private Wealth and Investment Management search division of Sanford Rose Associates, recognized by Executive Search Review as being one of the Top 10 Search Firms in North America with 90+ Offices worldwide. To learn more, please reach out to your Leah Yosef International executive search consultant today. Schedule A Consultation