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Running head: OPERATIONAL PLAN: JCPENNY ORGANIZATION

Operational Plan: JcPenny Organization
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OPERATIONAL PLAN: JCPENNY ORGANIZATION

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An Interview with a Corporate Compliance Officer
A corporate compliance officer is tasked with the responsibility of ensuring that the firm
acts by the stipulated laws and regulations at the federal, state and local levels (Duszak, 2008).
The Officer also makes sure that employees and internal operations are adheres to the rules,
procedures and set guidelines of the organization (Mark, 2017). In an interview with the
compliance officer at the JPMorgan Chase Bank whose headquarters is in the New York, USA,
he revealed that compliance to various regulations that surround the bank as an institution is one
of the pillars of success the corporate has. He said that this prevents unnecessary lawsuits and
even makes it easier to win cases filed against it. “Without compliance, the bank would have to
suffer fines from courts and various regulatory bodies," the officer said. The officer further
explained that compliance enables the organization to maintain a positive reputation in public
and manage risks as well. He also added that there are both ethical and pragmatic components of
compliance that help us achieve all this.
The officer also explained that the bank is a profit making organization which is legally
treated as a virtual person. Just like a human being, the bank, which is recognized as a legal
entity has to comply with the law such a paying taxes to avoid federal prosecution. To make sure
that his job is done correctly, the officer said he has to run a compliance program. The program
has to be efficient and effective without leaving out any compliance details. He further noted that
some of the most critical elements of his mission are to create awareness of risks among
colleagues, training them the best actions to be taken at a given instance and advise them in times
of dilemma with matters that could result in prosecution. “As you can see, my tasks are complex,
but I have to stay focused and be aggressive to any law violation each day" he added.

OPERATIONAL PLAN: JCPENNY ORGANIZATION

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The officer further added tha...


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