I run the office of compliance for the parent company of a large financial institution. We are attorneys, paralegals, and accounting professionals.
About a year ago, my boss was fired and I was made interim head of compliance. I’ve received no title change and no substantial raise, but they keep throwing stock at me. The organization is publicly traded and the CEO is all about shareholder value.
Since our growth has slowed, there has been a focus on the other way to constantly increase the bottom line: cutting headcount. As a result, I am now running on fumes with a skeleton staff and there is simply too much work for my team to do.
The challenge is that this entire house of cards depends on compliance. If a mistake is made—and it’s only a matter of time before it happens—it will be on me. I have spoken to…
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