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Posts by Matt Kelly

Compliance Jobs Report: Sept. 27

compliance jobs

Lots of news in the Compliance Jobs Report this week! We have compliance hires at Walmart, TIAA, Agilent Technologies, and Nyrstar; another departure from Danske Bank; a new CEO at LRN; and a bundle of intriguing new job openings. Our Meme of the Week goes out to whistleblowers everywhere. I gather these bits of information…

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Big: Senators Intro Whistleblower Fix

retaliation

A bipartisan group of senators has introduced legislation to undo the damage of the Digital Realty Trust decision from the Supreme Court last year, which said that employee whistleblowers must first report their allegations to the SEC if they want to claim whistleblower protections under the Dodd-Frank Act. This legislation from the Senate follows similar…

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SEC Dings PwC on GRC Deal

grc

The Securities and Exchange Commission has slapped audit firm PwC with a $7.9 million penalty for violating audit firm independence rules — including PwC implementing a GRC software system for one of its audit clients.  An audit firm can’t do that, since those GRC software systems ultimately help employees assess the effectiveness of internal controls…

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Trump, Ukraine, and Whistleblower Allegations

trump

Allegations of misconduct by the CEO are the most difficult issue an audit or compliance professional will ever face. That’s why we should study the latest scandal in Washington, that President Trump implored his counterpart in Ukraine to investigate former vice president Joe Biden. It’s a fascinating glimpse into just how difficult investigations of CEO…

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Compliance Jobs Report: Sept. 20

compliance jobs

The Compliance Jobs Report starts with scandal-scarred Scandinavian banks naming new compliance officers, and yet more hiring at Carnival Cruise Lines. We also have other personnel promotions and new hires, the wackiest product plug we’ve seen in a while, and a compliance officer who moonlights in arts photography. Our Meme of the Week goes out…

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SEC: Yes, Faking a CFO Is Fraud

sec

Talk about CFOs who are just a lot of hot air: the SEC has filed charges against the former head of a Houston energy business for fabricating the existence of the company’s CFO for at least 18 months, when the firm had no CFO at all.  Tom Simeo, who actually does exist and lives in…

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Dispatches From SCCE 2019

SCCE

Nearly 1,900 compliance professionals have descended on National Harbor in Maryland this week for the Society of Corporate Compliance Ethics’ 2019 conference. It’s all that you’d expect, with jam-packed panel discussions, interesting keynote speeches, and lots of token gifts from compliance vendors of all stripes.  I’ll try to write up some summary posts in days…

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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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