There are several common archetypes for compliance organizations. A Logal-ted organization: ‘Compliance as part of legal Organi- zation ‘chart + Hoad of compliance reports to general counsel + Historically most ‘common reporting structure specialized unit within legal department Key + Legal and compliance features stat often caver ssues/ cases jontly wath an + Fosters independence ‘rom usiness esion®: + Faaitatos snergios sharing of eval’ reguatory expertise + Head of compliance reports to chief rik of * Compliance considered a risk sim 0 ‘portional sk — generates an Integrated view _acyos al sk ypas + Facilitates business ‘alignment estabsshed inrak function Onernal ‘contol unt and fist, love of conta} + Recent trend arnong otal banks, which previously hac ‘compianos repeting to egal * Compliance acts as Control function, ‘while legal advises business & Stand-alone ‘compliance function + Head of compsianca reports to CEO (9F 600 (or rectly to board of drectors) + Postoning of ‘compliance similar ‘0 internal audit with ‘lear separation rom businass + Siorfcanty raises ‘compliance-function profile + Ensures independence ‘of compliance from ‘othr support functions (out requires: ‘cootination with risk Tunetion * Usually focuses on ‘control activities