Survey Finds Poor Work Environments Lead to Job Stress and Mental Health Issues for Compliance Officers

Over the last decade, compliance officers’ roles have become more stressful and filled with unique challenges. Many of the sources of that stress are inherent in the job itself, but others are byproducts of their work environment, including colleagues viewing compliance as a burden and leadership being dismissive about the importance of the compliance function. That all has a circular effect, however, as the job stress is negatively correlated with individuals’ job performance and satisfaction. All of the above is particularly relevant amid the spike in SEC examination activity and the “Great Resignation” currently occurring in society. To examine the relationship between work in the compliance field and the associated stress and mental health of participants, Corporate Compliance Insights (CCI) surveyed 240 compliance officers (Survey) in Summer 2021. Although the respondents spanned a variety of industries, the fundamental insights and takeaways are highly applicable to compliance officers of fund managers. CCI presented its findings in a report (Report). This article summarizes the key takeaways from the Survey and Report. See our two-part series on why fund managers must adequately support CCOs and compliance programs: “Recent Failures Lead to SEC Enforcement Actions” (Jul. 30, 2019); and “Six Valuable Lessons From Recent Enforcement Actions” (Aug. 13, 2019).

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