April 16, 2018 – Higher Education Leadership Search has been selected by the University of Texas of the Permian Basin to lead in its search for a chief compliance officer. Consultants Geralyn Franklin and Alan Medders are leading the assignment.
The incoming executive will oversee and coordinate university-wide compliance and risk-management activities, ensuring that the school and its employees are complying with domestic, local and international regulatory requirements as well as internal policies and procedures. The new officer will provide leadership for the university compliance function by giving specific guidance to management, professional staff and individual departments, said the search firm.
The university prefers that candidates have a master’s degree with two years’ experience conducting investigations and addressing legal or regulatory requirements, preferably in an academic setting. They must have working knowledge of laws and regulations in areas such as NCAA, FERPA, Title IX, Clery, VAWA, Title VII and HIPAA. An acute sense for detail as well as excellent administrative, organizational and communication skills is also desired, said the search firm. Candidates should have a customer-centric approach toward service. They must also be able to work under pressure and know how to complete a criminal background check.
Higher Education Leadership Search said that the incoming chief compliance officer must maintain a thorough understanding of state and federal laws related to compliance issues affecting institutions of higher education or non-profit organizations including those related to research and the NCAA.
The University of Texas of the Permian Basin is a general academic university of the University of Texas System. It offers 35 undergraduate and 18 graduate programs of study across five colleges and schools.
Recruiting University Leadership
Higher Education Leadership Search is an Anniston, AL-based recruiting firm that offers what it describes as a new model of higher education search: matching talented candidates with distinguished positions in the most cost-effective, streamlined and efficient manner. With search consultants from a variety of academic and administrative positions, the firm offers universities and candidates a variety of services: profile development, position advertising, candidate support and recruiting, facilitation of the interview process, as well as complete internet and social-media vetting.
The firm recently formed a strategic partnership with Collegiate Consulting, a solutions-based consulting company focused exclusively on the collegiate athletics marketplace. By combining their academic, administrative and athletic higher education experience, the partners provide clients with full turnkey searches in all three areas.
Finding senior leadership within the compliance function is exceedingly complex today, as companies face intense pressure under the current regulatory environment. Leaders must be able to foster close collaboration between compliance and other corporate functions as well as communicate to a more complex and sophisticated set of stakeholders, internally and externally.
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According to a recent Heidrick & Struggles report, sharply rising demand for compliance talent, the absence of a clear career path in the discipline and greater need for compliance executives with leadership and influencing skills are creating difficult challenges for organizations seeking to identify and retain talent in a world of increasing regulation.
“The demand is so great for internal auditor and compliance executives that recruiters are looking outside the financial services industry for candidates,” said Michael P. Kelly, president of New York-based Michael Kelly & Associates, which specializes in financial services. “The skill-sets are transferrable but there is a learning curve to understand the sector they are auditing.”
Maurice Gilbert, managing partner of Dallas-based Conselium, a boutique search firm that specializes in recruiting compliance professionals, has also seen a major uptick in activity, particularly for chief compliance officers.
“About nine years ago companies that were in highly regulated industries like financial services, medical devices and pharmaceuticals saw a critical need to bulk up in the compliance area,” said Mr. Gilbert.
The result: Mr. Gilbert has seen a 20 percent, year-over-year growth rate for compliance professionals as a direct result of ongoing or potential measures being taken by the U.S. government to investigate companies they potentially deem as having behaved improperly or who have not been compliant with new regulatory measures.
Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Managing Editor; Stephen Sawicki, Managing Editor; and Andrew W. Mitchell, Managing Editor – Hunt Scanlon Media