I researched the role of compliance professionals within an organization, their tasks, and competencies they must possess to perform their duties successfully. This topic is important because the position of a compliance professional in Slovenia is still developing, but it has an increasing impact on the company and the balance of power within the organizational structure. For the research, I reviewed existing literature and conducted three in-depth semi-structured interviews to gain a closer understanding of the selected compliance department of a Slovenian company. I focused on the importance of compliance itself, organizational structure, tasks and competencies of compliance professionals, interdepartmental collaboration, and the use of digital tools. My findings are that the researched department is currently considered part of the legal department due to the nature of its work, but there is an increasing distinction between legal and non-legal tasks. The tasks range from establishing and developing a system for detecting and preventing money laundering, communicating with regulators, collecting and verifying personal and business data of clients, making risk assessments, monitoring client operations, to policy preparation. A compliance professional must have a wide range of competencies, including precision, organizational skills, multidisciplinary thinking, communication skills, and ethical behavior. In addition to these competencies, the leader must have additional leadership and mentoring skills and the courage to defend their positions before the management. Compliance professionals also use several digital tools that help them with daily tasks and provide a broader perspective.
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