Posts by Matt Kelly

DOJ Hints at New Enforcement Ideas

justice

The Justice Department is considering new approaches to handle companies that can’t pay monetary penalties as part of a corporate misconduct settlement; and is also warning securities and commodities traders to step up the data analytics they do to uncover market abuses. So said deputy assistant attorney general Matthew Miner during a speech he delivered…

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Compliance Jobs Report: Sept. 13

Compliance jobs

The Compliance Jobs Report this week has news of new hires at Cigna, Deutsche Bank, Nissan, and Shutterstock, a departure at the University of Louisville, and a passel of promotions at numerous other companies. We have job openings from Los Angeles to Washington, and our meme of the week goes out to internal control enthusiasts…

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Professional Development on No Budget

development

Professional development is crucial for every compliance officer. Either you need it yourself, to better understand the issues in our field; or you need to provide it to your team, since that’s part of your job as chief compliance officer.  So how does one devise professional development opportunities under what we’ll call an “extremely limited”…

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Marcum Dinged on Independence Failures

marcum

Oh lord, we have another contestant for most unfortunate business misconduct of 2019. The audit firm Marcum has been sanctioned for violating rules for audit firm independence, where poor oversight from Marcum’s partner in charge of audit firm independence played a starring role.  The PCAOB hit Marcum with a fine of $450,000, plus another $50,000…

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Sharp(ie) Insights Into Speakup Culture

We return today to leadership lessons from President Trump, who has given us another example of how not to lead large organizations. Compliance professionals who care about developing a speakup culture should take note, since Trump’s behavior illuminates several important points about the relationship between CEO and employees. The incident in question is, of all…

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Compliance Jobs Report: Sept. 6

compliance jobs

The Compliance Jobs Report is a bit light this week, but we still have news! Morgan Stanley’s head of financial crimes has decamped to a crypto startup. A few privacy compliance officers are moving around. Carnival Cruise Lines has found an interesting partner for training. And our Meme of the Week goes out to all…

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Study Law to Advance Compliance Career?

law

The other day I was speaking with a compliance professional who had taken a few years to pursue other ventures, and is now looking to get back into the field. She’s been having some frustrations with her job search, and asked: Is there a new trend of companies demanding a law degree for compliance work?…

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Out: New Book on Compliance Training

development

Corporate compliance professionals have another book to consider putting on the shelf, this one exploring how to build a good training program in our era of digital communications and invigorated regulatory scrutiny.  The book, Creating Great Compliance Training in a Digital World, is from Kirsten Liston. These days Liston runs Rethink Compliance, a consulting firm…

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Compliance Jobs Report: Aug. 23

Compliance jobs

Big news in the Compliance Jobs Report this week: Ed Hanover has stepped down as head of compliance at FIFA. We also have two compliance hires in the world of higher ed, plus news from Nissan, J.R. Simplot, Wellington Management, and more. Snapchat is hiring, one of the most inept government agencies in America will…

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New PCAOB Guidance on Estimates, Specialists

standards

Heads up, audit professionals: the PCAOB has released fresh guidance on how to audit accounting estimates and how to use specialists in complex audit work — two issues that are the subject of new audit standards going into effect in 2021. Each subject has two pieces of staff guidance, so that’s four PDFs for you…

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