Compliance Jobs Report: Nov. 10

The Compliance Jobs Report starts this week with lots of movement among regulatory agencies, including rumors of a new compliance counsel at the Justice Department. We also have personnel moves at Bank of America, MetLife, Intel, Acer Therapeutics— and MetricStream just raised a boatload of investment cash. Read on…

I gather these bits of information 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, so send some news!

Compliance Jobs News

This week we begin with the rumor mill: word is that the Justice Department is down to three finalists to be the next compliance counsel at the Fraud Section. This person would succeed Hui Chen, who quit earlier this year amid dismay over President Trump’s personal conduct. We don’t know who the three candidates might be, but at least one allegedly is a “heavy hitter” from the corporate world—which would send a reassuring signal to the compliance community that their concerns will be heard.

The Securities and Exchange Commission has promoted Charles Cain to head of its FCPA enforcement unit. Cain has been deputy chief of the unit since 2011, and acting chief since April. One of Cain’s bosses, Stephanie Avakian, co-director of the SEC Enforcement Division, is another Obama Administration hire now promoted to permanent leadership. Taken together, that tells me the SEC’s posture on FCPA enforcement won’t be changing much.

The Justice Department’s acting assistant attorney general for the Criminal Division, Kenneth Blanco, is leaving that job to be the next director of FinCEN, the Financial Crimes Enforcement Network. Blanco will be Fincen’s first permanent leader since Jennifer Shasky Calvery left in April 2016.

Who will run the Criminal Division after Blanco leaves? Trump Administration nominee Brian Benczkowski still awaits a Senate confirmation vote, although he did squeak out of a preliminary Judiciary Committee vote along party lines at the end of September.

The Consumer Financial Protection Bureau is promoting Kristen Donoghue to be its new head of enforcement. Donoghue is the CFPB’s deputy director and has been with the agency since its creation in 2011. She replaces Anthony Alexis, who leaves next week. Life at the top may be brief for Donoghue, since CFPB director Richard Cordray’s term expires next July and President Trump is likely to nominate a new leader with his or her own new team.

Deutsche Bank is promoting its chief governance officer, Florian Drinhausen, to be its next general counsel. Drinhausen joined DB in 2014 and was named chief governance officer in 2016. He replaces co-general counsels Christof von Dryander and Simon Dodds, who will both be gone by March 1.

Virginia State University has named Sheila Alves its next chief audit executive. Alves has been VSU’s director of  IT governance and risk management.

Intel has named Alison Shaffer director of its global privacy team. Shaffer comes to Intel from Philips Health Systems, where she was global privacy officer.

Bank of America has named Shelby Cannon senior vice president and business information security officer, working out of Chicago. Cannon previously was senior manager for information security at Tenneco.

Bank of America also promoted Scott Fleisher to be director of business controls for global banking and markets. Fleisher had been heading up AML in that unit since 2014. He is based in New York.

MetLife just picked up Steven Shore as director of compliance. Shore comes to MetLife from Prudential, where he was vice president of the compliance testing unit.

Jason Kneeland has been named vice president of finance and corporate controller at Acer Therapeutics, a pharmaceutical company in suburban Boston. Kneeland comes to Acer from TechTarget, where he had been controller since 2013. Fun fact: Kneeland’s nickname in high school was “the Pelican.”

In the United Arab Emirates, Saskia Fokke has been named chief risk and compliance officer for Assicurazioni Generali S.p.A., a subsidiary of the Generali insurance group. Fokke previously was head of compliance for Generali in its Germany operations.

Moses Ademukola has been named head of internal audit and compliance at Widows and Orphans Empowerment Organisations, a nonprofit based in Nigeria. He comes to the group from Richard Shitu & Co., an accounting firm in that country.

Marcelo Santin has been named risk and compliance director at Reach Capital Investments in Sao Paolo. He comes to reach after two years as a partner at Alceris, a consulting firm in Brazil.


Marina Okrugina is celebrating one year as project director for internal control and audit at the Medsi Group in Moscow.

Michele Dickelman is celebrating one year as compliance manager for US Health and Life in Detroit.

Jenise Musselman just hit five years at AmeriGas Propane. She currently serves as director of cost management and inventory control.

Rebecca Scott is celebrating 10 years at the University of Kentucky, as a research compliance officer.

And if schmoozing with peers is your thing, the Association of Certified Anti-Money Laundering Specialists (ACAMS) just launched a chapter in the Baltics. The group had its first meeting in Riga, Latvia earlier this week. The co-chairs of the group are Kaspars Dreimanis of ABLV Bank and Alexandre Pinot of Simplex.

Vendors & Service Providers

The big news among GRC vendors this week is that MetricStream closed a $65 million round of funding. The lead investor was Clearlake Capital, a private equity firm, and Clearlake partner Prashant Mehrotra will join MetricStream’s board of directors. MetricStream didn’t say much about what it will do with the cash, other than “accelerate our global growth and industry leadership.”

Kristen Schwendinger has joined Berkeley Research Group as a consultant. Schwendinger is former senior counsel at the Department of Health & Human Services’ Office of the Inspector General.

Open Req Orders

ON Semiconductor is looking for a senior director of corporate ethics and compliance. Job is based in Phoenix.

Citigroup is recruiting a chief compliance officer for Japan. Job is based in, you guessed it, Japan.

That’s all for the week of Nov. 10. 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.

Leave a Comment

You must be logged in to post a comment.