Exchange on mobile - security policy

I have a Note 4 that I use the fingerprint sensor for unlocking (new version works quite well). To avoid carrying 2 phones, I'm putting my main work email on this phone, but the Exchange MDM setting requires a PIN or Password, which I hate. Using Mail Wise, I just used their bypass feature and mail is working fine.

My question: If the exchange server isn't quarantining or blocking my phone from receiving email, is there any alert, or way to tell from that side that I'm bypassing the security? It's very convenient, but not worth a write-up / worse to have email on my personal phone.