Three Reasons Why Compliance Managers are in More Demand than Ever Before

Good compliance manager training is an incredibly valuable skill for almost any working professional in 2024. Whether you’re looking to continue a career in compliance directly, to become a compliance manager mentor, or to occupy another manager level role, compliance training will teach you many useful and practical skills that will come invaluable going forwards.

In this article, we’d like to discuss how the role of a compliance manager is changing, what this means for companies, and how your compliance manager training could change your career for good.

1. Reflecting a Modern Workplace

It’s no secret that workplace standards have changed over the last few decades. Once upon a time workplaces were something of a wild-west where a company’s internal policies made all the difference. From human resources to workplace safety, standards have, broadly speaking, risen and companies have been forced to step up their game.

These days, it’s not just about legal obligations. If a company wants to attract the very best talent, then they need to demonstrate that they’ve put the effort into developing a modern workplace. That means a workplace where everyone can feel safe and comfortable at all times and where it’s understood that the company will ensure that they meet all of their obligations.

In many ways, a great compliance manager is someone who can set minds at ease by showing that they understand the regulations inside and out. They’re someone who’ll go above and beyond to effectively communicate those regulations throughout the company and to ensure that the workplace wild-west is a thing of the past.

2. Avoiding Cybersecurity Threats

One value any good compliance manager mentor should be eager to instil is the importance of understanding cybersecurity. Now, it’s worth noting that good cybersecurity doesn’t mean being a complete IT expert. While it’s good to know how a system works, when it comes to cyber security, the ‘what’ is often more important than the why.

More often than not, cybersecurity compliance is all about keeping a very careful eye on changes to regulations, paying attention to the most common scams, and always listening to the experts. That being said, there are a few common sense policies you can follow.

Perhaps the most important of these is to always take a modern approach to password protection. In times gone by, a simple password was usually enough to prevent most cybersecurity threats, but those days are long gone.

Digital scammers, like most scammers, are opportunistic, meaning that so long as you make life difficult for them, they probably won’t bother you. Unfortunately, that opportunism means that, whenever there’s a major data breach, those same scammers are only too happy to start up their attacks.

In practice, the best way to ensure that you and your company are safe from data breaches is to impose limits on how long employees can go without changing their passwords. By ensuring that employees change their password every few months as well as utilising two factor authentication wherever possible, you’ll be doing a lot to minimise any chance scammers might have of targeting your company.

Of course, these are just basic principles, but, when it comes to cybersecurity, even the basics can get you a long way. Ultimately, it’s a compliance manager’s job to find and implement these simple solutions for the good of the company as a whole.

3. Building Better Companies

With a growing understanding of the importance of good company values and the role that people’s employers often play in their day-to-day life, many companies are now rethinking their approach to compliance altogether. In the past, compliance has often been focused on the letter of the law but in 2024, more and more companies are concerned with ensuring that they comply with the spirit and intention behind those laws.

Of course, being a first-rate compliance manager isn’t just about understanding the law. It’s also about the passion you bring to the role and the effort you’re willing to go to to ensure that you’re meeting the standards expected of a modern company.

That being said, you don’t just have to share that knowledge and experience with your company. Being an effective compliance manager often means being able to mentor others in expectations and best practices and the value of that skill can extend a long way past your day to day job role.

As a compliance manager mentor you could not only share your passion for upholding the best standards, but you could do so as your own boss. Every day, more and more people are looking to become compliance managers. Why not join Career Navig8r and show them how it’s done?