Can a Security Officer be a Compliance Officer?
Answer by Andy Zavoina and Barry Thompson, BOL Gurus
Question: I was recently told that the Security Officer should not also be the Compliance Officer. Several small banks I surveyed combine the Security Officer position with other positions including Compliance Officer. I am curious if that is accurate and if so why?
This will depend on your bank's size and organization. If the compliance officer audits security, you'll need an outside party to do this. But there is nothing that says a responsible compliance officer can not also be in charge of security.
The key is, can this person do both jobs effectively.
I worked for many years as both the Compliance Officer and the Security Officer. After working with each hat I could find no major problems with a combined position.
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