Importance of Compliance & Risk Roles

Companies today are facing a range of new challenges, with tighter regulatory scrutiny, the increased complexity of business operations, and growing concerns over cybersecurity and data privacy threats. These factors present a variety of emerging risks that organisations must traverse in order to protect and grow their businesses.

The need for skilled Compliance & Risk professionals has become increasingly vital in today’s business environment and it is essential for senior management to have expertise from innovative, and adaptable leaders who possess the specialised knowledge and insights needed to drive the company’s growth while proactively identifying and mitigating potential risks.

Risk & Compliance leaders play a critical role in preserving the company’s operations, reputation, and financial standing and their oversight and direction enable companies to operate with greater assurance, security, and the ability to respond effectively during critical situations.

At Novo, our executive search consultants possess an in-depth understanding of the ever-changing demands of this specialised role and work closely with our clients to proactively pinpoint high-quality candidates that share the same vision and match the culture of their organisation.

Compliance & Risk Skills Needed Include:

• Strong analytical skills to identify, assess, and manage potential risks.
• Excellent communication skills to communicate effectively with various stakeholders, employees, and regulators.
• Strong compliance knowledge and a strong understanding of relevant laws and industry-specific regulations.
• Adaptability to adapt and evolve their strategies to meet the changing needs of the company.
• Leadership skills to manage teams and projects effectively and implement risk management and compliance programs.

We understand the importance of aligning your business needs with a Risk & Compliance leader who is equipped to meet the challenges it is confronted with today and into the future.