B. Chief compliance officer
The Chief Compliance Officer is the role that should approve major IT purchases to help prevent conflicts of interest. The Chief Compliance Officer is responsible for ensuring that the organization's activities comply with relevant laws, regulations, and internal policies. Approving major IT purchases helps ensure transparency, accountability, and adherence to compliance standards, thus mitigating conflicts of interest that may arise from such transactions.
While the CIO (Chief Information Officer), IT steering committee, and Project Management Office (PMO) may play important roles in the decision-making process regarding IT purchases, the Chief Compliance Officer is specifically tasked with overseeing compliance matters and ensuring that purchases are made in accordance with regulatory requirements and organizational policies.
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