New research released this week shows that just about all artificial intelligence models are now quite good at handling just about all the tasks that compliance teams need done on daily basis — but, as usual with AI, that conclusion raises new questions for compliance officers even as it answers old ones. Let’s start with…
The Society of Corporate Compliance & Ethics and the Health Care Compliance Association ousted their joint CEO Garth Jordan on Monday after only eight months on the job, plunging both groups back into uncertainty for the second time in two years. “Following discussions with CEO Garth Jordan, we have mutually agreed that he will step…
Today we return to Ohio State University and the recent resignation of its president for steering university resources toward an affair partner. Compliance professionals have lots to learn from how Ohio State handled the matter, including this: the importance of strong documentation policies. For those who need a quick recap, Ohio State president Ted Carter…
This week the Compliance Jobs Report has hiring news from Utah State University, Westinghouse Electric, BNY Mellon, FedEx, and UPS, among others. We also have promotions news at Banking Circle, Workday, Roland Foods, and more; plus job leads in artificial intelligence, anime, and teeth! We gather the Jobs Report news items from LinkedIn, press releases,…
Another day, another crazy idea from the Trump Administration that could put corporate enforcement practices through the metaphorical blender. This time around: apparently there’s a power struggle within the Justice Department that could end up dismantling the Fraud Section as corporate compliance professionals know it. According to an article published in Bloomberg, the White House…
Well, the Securities and Exchange Commission has gone and done it: proposed a rule to allow companies to adopt semi-annual rather than quarterly reporting, which would be the biggest change in securities law and corporate disclosure law since the SEC first introduced quarterly reporting 56 years ago. The SEC unveiled its proposal (279 pages long)…
The head of banking supervision at the Federal Reserve gave a speech Friday about artificial intelligence in the banking sector, with lots of talk on on the importance of allowing AI innovation and not much on the regulatory oversight and risk management practices that might help banks to avoid AI risks. Audit, compliance, and risk…
The Compliance Jobs Report is back! This week we have personnel hires at Walmart, S&P Global, the city of Chicago, Analog Devices, Sinclair Broadcast, and many more. We also have promotions at Remitly, Zions Bancorp, Balfour Beatty, and elsewhere; plus job leads in travel tech, accelerometers, and fish. Plus our Meme of the Week! We…
Good stuff today for all you fans of internal investigations: Ohio State University has released a report on the resignation of its president last month, who left amid reports that he had tried to steer university resources to a romantic affair partner. The report offers a fascinating glimpse into how the university’s compliance program performed,…
Later this week I’ll be speaking on a webinar about lessons in third-party risk that compliance officers can learn from the Jeffrey Epstein debacle. At first I wondered how much an Epstein discussion would resonate with compliance officers. Does his uniquely awful story really offer many useful lessons for people who run corporate compliance programs? …
