Building Success in Compliance: Insights for Diverse Professionals and Their Supporters
Navigating a career in compliance presents unique challenges for diverse professionals, especially in an industry where representation is often limited. The path to success for underrepresented groups in compliance requires not only skill and expertise but also resilience and support from allies within the field.
One of the key barriers diverse professionals face is exposure to the compliance field. Many enter the profession through nontraditional paths, with limited knowledge of the opportunities it offers. By increasing awareness and providing mentorship, the industry can ensure that diverse talent sees compliance as a viable and rewarding career path.
Once in the field, developing a strong set of soft skills becomes essential. While technical expertise is critical, the ability to influence, communicate, and navigate complex relationships is often what sets successful compliance professionals apart. These skills are critical not only for advancing in the workplace but also for fostering inclusion and creating supportive environments for diverse professionals.
Retaining diverse talent is just as crucial as recruiting it. Building a community of support, both within and outside of one’s organization, helps diverse professionals stay motivated and avoid burnout. Whether through mentorship, peer networks, or corporate DEI initiatives, having a strong support system is essential to career longevity and growth.
For organizations, prioritizing diversity, equity, and inclusion (DEI) efforts isn't just a moral imperative—it also enhances decision-making and drives better business outcomes. Diverse perspectives lead to more comprehensive solutions, particularly in an industry like compliance, where understanding varied viewpoints is key to mitigating risks.
Ultimately, creating meaningful change in the compliance field requires both individual and organizational commitment. By supporting diverse professionals through mentorship, fostering inclusive cultures, and investing in DEI initiatives, the compliance industry can ensure a future where diverse voices are heard, valued, and empowered to thrive.
This information comes from Takesha Pollock, Executive Director, Sr. Compliance Manager, Wells Fargo Investment Institute Inc.; Kona Mann, Chief Compliance Officer, State of Hawaii ERS; and Issa Hanna, Partner, Eversheds Sutherland (US) LLP. They presented in our NSCP Currents Live Webinar "Navigating a Career in Compliance - Advice for Diverse Professionals and Their Allies" on September 25, 2024.
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