News

IIA Proposes Three Lines Update

internal audit

Internal audit professionals, fire up your keyboards. The Institute of Internal Auditors is calling for public comment about possible updates to its Three Lines of Defense model of risk assurance. The proposed updates are now available on the IIA’s website. You can download, read, and ponder them at your leisure; and start offering feedback on…

Read More

Compliance Jobs Report: June 14

compliance jobs

The Compliance Jobs Report this week moves from Groupon (losing its CCO) to Walgreens Boots (new anti-corruption chief), to more personnel moves at Convertus, Huntington Bank, a bundle of Brazlian businesses, and elsewhere. We have work anniversaries to celebrate, job openings to note, and our Meme of the Week goes out to Code of Conduct…

Read More

SEC OKs Anti-Discrimination Proposal

proposal

Here’s a clever way for activists to force an awkward policy fight at a corporation: an asset management fund wants a California software firm to report on the risks of omitting gender identity and sexual orientation from its employment policies — and the Securities and Exchange Commission has ruled that yes, the company has to…

Read More

CAE Dodges Assassination Attempt

assassination

Well here’s a risk one rarely sees in our line of work: the chief audit executive of the South African Broadcasting Corp. dodged a shooting in Johannesburg over the weekend that the company is calling an assassination attempt. Thami Zikode, head of audit at SABC since 2017, left his office in the Auckland Park neighborhood…

Read More

Compliance Jobs Report: June 7

compliance jobs

Another big Compliance Jobs Report this week! We have shakeups at Deutsche Bank and Conduent, a new chief compliance officer at Unisys, a bunch of appointments in higher education, and much more. Lyft is building up its ethics and compliance team; we have a few other job openings of note, and our Meme of the…

Read More

Carnival Dinged $20M on Compliance

Here’s a tale of corporate misconduct on the high seas that compliance officers will want to see: Carnival Corp. has agreed to pay a $20 million fine and hire a chief compliance officer for violating a corporate probation agreement over environmental pollution. The headline is that Carnival had agreed in 2017 to a court-appointed compliance…

Read More

Another SEC Award Favoring Compliance

whistleblower

The Securities and Exchange Commission handed out a $3 million whistleblower award on Monday to two whistleblowers who first tried to report and fix their firm’s misconduct internally — yet another sign that the SEC is at least trying to nudge whistleblowers to work with corporate compliance departments. In another twist, the SEC also waived…

Read More

Compliance Jobs Report: May 31

compliance jobs

We have a shorter Compliance Jobs Report this week (a hangover from the huge reports of the last several weeks), including news about staffing changes at the SEC and a slew of personnel moves related to privacy, data governance, and cybsersecurity. Flowers Foods promoted its CCO, we have three intriguing job openings, and our Meme…

Read More

Interesting Action From OFAC

ofac

Compliance officers might want to take a close look at the wrist-slap that State Street Corp. received from the Office of Foreign Assets Control on Tuesday, for violations of sanctions against Iran. It’s a small but telling example of how a robust compliance program brings benefits, OFAC or otherwise. OFAC did cite State Street for…

Read More

Compliance Jobs Report: May 24

Compliance jobs

Lots of news from large companies in the Compliance Jobs Report this week. Walmart has a new No. 2, Pepsico has changed its compliance leadership, and the CCO at A.P. Maersk has moved on, among much more news. We also have some CCOs moving into consulting world, and our Meme of the Week goes out…

Read More