Director of Compliance

Owned by Steven Piliero
Last updated: May 21, 2024
2 min read

Name: Patricia "Pat" Mitchell

Age: 45

Education: J.D. from Georgetown University Law Center, B.A. in Political Science from Wellesley College

Professional Background:

  • 18+ years of experience in legal and compliance roles within regulated industries (financial services, healthcare).

  • Focus areas: Regulatory compliance, risk management, policy development, internal audits, and compliance training.

  • Previous roles: Senior Compliance Officer at a major financial institution, Legal Counsel at a healthcare organization, Compliance Manager at a pharmaceutical company.

  • Special certifications or skills: Certified Regulatory Compliance Manager (CRCM), Certified Information Privacy Professional (CIPP/US)

Industry: Financial Services (or Healthcare, depending on the organization's focus)

Responsibilities:

  • Develop and implement the organization's comprehensive compliance program.

  • Oversee regulatory compliance activities, including monitoring, reporting, and risk assessments.

  • Draft and update internal policies and procedures to ensure compliance with laws and regulations.

  • Manage internal audits and investigations of potential compliance violations.

  • Provide guidance and training to employees on compliance-related matters.

Goals:

  • Maintain a robust compliance program that effectively mitigates legal and financial risks.

  • Foster a culture of compliance awareness and ethical behavior throughout the organization.

  • Build strong relationships with regulators and industry stakeholders.

  • Stay ahead of emerging regulatory trends and ensure the organization's compliance program remains current and effective.

Challenges:

  • Keeping pace with the constantly evolving regulatory landscape.

  • Balancing the need for compliance with business objectives and operational efficiency.

  • Securing adequate resources and budget for compliance initiatives.

  • Communicating the importance of compliance to all levels of the organization.

Motivations:

  • Protecting the organization's reputation and ensuring its long-term sustainability.

  • Making a positive impact on society by promoting ethical business practices and compliance with the law.

  • Building a high-performing compliance team that the organization respects and trusts.

  • Staying intellectually challenged by the complexities of regulatory compliance.

Tech-Savviness:

  • Comfortable using compliance management software, legal research databases, and data analytics tools.

  • Open to exploring new technologies to enhance compliance processes and improve efficiency.

  • Understand the importance of data security and privacy in compliance.

Behavioral Traits:

  • Detail-oriented and methodical, with a strong focus on accuracy and thoroughness.

  • Ethical and principled, with a strong commitment to integrity and fairness.

  • Strong communicator and collaborator, able to build relationships with diverse stakeholders.

  • Risk-averse and proactive in identifying and mitigating potential compliance issues.

Sources of Information:

  • Regulatory agency websites and publications.

  • Industry-specific compliance resources and newsletters.

  • Legal counsel and compliance consultants.

  • Networking with other compliance professionals.

Quote:

"Compliance is not just a checklist; it's a mindset. By fostering a culture of compliance awareness and ethical behavior, we can protect our organization, customers, and reputation."