So, you’re thinking of outsourcing your chief compliance officer (CCO)?
While that might seem like a compliance cure-all, especially for those firms facing a lack of resources, time, and headcount, it can often create more headaches than it will alleviate.
As the most critical component of your compliance program, the CCO holds incredible responsibility, which, when outsourced, can leave your firm open to even more risk…and regulatory ramifications.
In this guide, we’ll walk you through the risks of outsourcing your CCO, what tasks you can outsource instead, and the benefits our clients have seen by leveraging their own internal authority to lead the compliance charge.