Compliance Jobs Report: April 14

Lots of churn in the compliance jobs world this week: Morgan Stanley’s CCO has bolted for hedge fund world; OCC continues to build out its risk function. We also have news from AbbVie, Tech Data, and elsewhere. And healthcare compliance people, read all the way to the bottom; we have a request of you there.

I gather these bits of gossip from LinkedIn, news alerts, and friends emailing me something to include. If you have a tip to pass along, email me at [email protected] or find me on LinkedIn. This report depends on people like you helping me. Send some news!

Compliance Jobs News

We start with gossip about the Securities & Exchange Commission. Word is that Sen. Elizabeth Warren is pushing hard to have her legislative aide Barat Ramamurti nominated to fill one of the vacant commissioner seats at the agency. No word on how President Trump will respond to that idea, although it does fit with the wisdom of keeping your enemies close.

The head of compliance at Morgan Stanley, Billy Fenrich, is bolting after one year on the job. Fenrich is going to hedge fund AQR Capital Management as chief legal officer. His replacement at Morgan Stanley will be Raul Yanes, previously a partner at the law firm Davis, Polk & Wardwell.

OCC has named David Ridgway senior vice president of enterprise risk management. Ridgway comes to OCC from BNY Mellon, where he was head of risk for North America. He will report to John Fennell, OCC’s chief risk officer. Ridgway is the latest in a series of risk and compliance hires OCC has announced in the last few weeks.

Compliance JobsOver in Johannesburg, Rozanne Ballim has taken a job as senior compliance specialist at Discovery Bank. She previously spent two years as regional head of financial crimes compliance for Barclays.

Catholic Medical Center in Manchester, N.H., has promoted Jessica Arvanitis, from director of corporate compliance to executive director for compliance and deputy general counsel. The hospital also just named her new boss: Jason Cole, a New Hampshire attorney who will be CMC’s new general counsel.

Urmil Bhatt has been named financial controls manager at Walgreens. Bhatt comes to the drugstore chain from Sears, where he had been manager of internal controls and process improvements.

AbbVie has changed up the duties of Pepe Piergiorgio, its director of ethics & compliance working out of Paris. Piergiorgio had been in charge of Eastern Europe and Middle East; he now is compliance director for Western Europe and Canada.

George Weston Ltd., a food production business based in Toronto, scooped up Ryan Fishman to be its new director of enterprise risk and audit services. Fishman had previously worked at the Peleton Group, a cloud-services consulting firm in Boston. No word whether Fishman will remain a Celtics fan even when they inevitably face the Raptors in the NBA playoffs.

Over in Spain, Tech Data has promoted Jannica Houben. She had been deputy ethics & compliance officer, and now will be director of ethics and compliance. Houben has been working for Tech Data in Europe since 2010, and is based in Barcelona.

And here in Boston, Rebecca Babbitt left her job as senior compliance consultant at John Hancock Financial Services, and moved across town to be senior legal and compliance specialist at Harbor Capital Advisors.


Carrie Penman

Carrie Penman, chief ethics & compliance officer at NAVEX Global and one of the nicest, sharpest people in this business, has won the 2017 Carol R. Marshall Award for innovation in corporate ethics. The Ethics & Compliance Initiative gives out the award annually, and Penman will receive it at the ECI annual conference in Washington later this month.

Karen Pettit is celebrating one year Texas Health Physicians Group as director of coding and reimbursement.

We also give a shout this week to two long-time independent consultants in the financial analysis and risk management worlds. Jack Ciesielski, publisher of the Analyst’s Accounting Observer, is celebrating 25 years at R.G. Associates; and James Lam is marking 15 years studying best practices in risk management at James Lam & Associates.

Vendors & Service Providers

Dovetail Consulting launched fearlessly into the compliance consulting world this week. The firm, based in Boston, caters to life sciences companies. It is led by Jeff Rosenbaum (former compliance exec at Shire Pharmaceuticals, Vertex Pharmaceuticals, and others); and Tara McCarthy (former VP of commercial law at Vertex). They get an assist from senior consultant Julie Graves.

Creighton Macy, former chief of staff in the Antitrust Division at the Justice Department, has joined law firm Baker McKenzie as a partner in its antitrust and competition practice.

Open Req Orders

Indivior, a pharmaceutical company focusing on addiction issues, is hiring a manager for compliance oversight & monitoring.

The recruiting firm Fford & Stone (yes, that’s spelled right) is looking for a chief compliance officer to take a job in Kazakhstan!!! We can’t ascertain the industry sector from the job listing, but Kazakhstan typically means oil & gas. Job sounds challenging; only the brave need apply.

Santander Bank is looking for a chief audit executive for its North America business. Job is based in Boston.

We close this week with a call for help: someone recently asked me how to make a career move into the healthcare compliance sector, after many years in compliance in a related but distinct sector (food production, with plenty of FDA and food safety regulation). All you healthcare compliance professionals—what are your thoughts? Email me at [email protected]. I would love to hear them, and will put them into a future column.

That’s all we have this week. If you have a tip or want to brag about your new job, promotion, career milestone, or anything else, just email me at [email protected] or find me on LinkedIn. I’m always happy to give credit to the many hard-working people here in our corner of the business universe.

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