Two Surprising Mistakes When You Hire Compliance Experts

Published by Yana on

This episode of Compliance That Makes Sense was inspired by interactions that I recently had with two of my clients, both of whom were having problems with the compliance experts they had hired. The information I am going to share with you today will help you to avoid making the same mistakes they did. Firstly, I debunk the myth that compliance hires should be experts in the specific country in which you are working, and I explain why a geographically broader scope of knowledge will be more beneficial to your company. Secondly, I explain what each characteristic on the DISC personality profile is likely to predict about a person’s ability to perform in the start-up world in general, and as a compliance expert specifically. 

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Compliance person needs to be able to get things done even if things aren’t going smoothly. 

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Today’s episode:

  • [00:33] Hi guys, wishing you a beautiful day today! 
  • [01:08] The reason that I was inspired to have this discussion about mistakes people make when hiring compliance experts.
  • [02:00] Assumptions about hiring compliance experts made by two clients that I recently worked with. 
  • [03:06] Why I disagree with the practice of only hiring people who only have expertise in a specific country. 
  • [05:54] Why working with companies who have projects in many different countries will be beneficial. 
  • [07:51] What the DISC personality profile is.
  • [09:44] The characteristics on the DISC profile which largely determine whether someone will be successful in the start-up world. 
  • [11:58] Why a lower compliance score on the DISC profile increases a person’s chances of succeeding as an entrepreneur.
  • [14:30] I run through how important each of the DISC characteristics is for a person in a compliance role.
  • [17:45] Bye for now!

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