Compliance Jobs Report: Nov. 17

This week’s Compliance Jobs Report begins with yet more regulatory turnover in Washington. We also have news about the hunt for a new COSO chairman, compliance personnel moves at Raymond James and elsewhere; plus job openings at Stericycle, JP Morgan, and even the SEC itself. 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 news!

Compliance Jobs News

I ran into COSO chairman Robert Hirth this week, who is stepping down from that role within the next few months. He tells me the search for a new chairman is down to “a handful” of finalists, and a new chairman should be announced soon. That person then could take the helm at COSO by early 2018.

In regulatory world, Richard Cordray is resigning as director of the Consumer Financial Protection Bureau after six years on the job. Cordray was the first-ever director of the agency, created by the Dodd-Frank Act. Rumor is that he may run for governor of Ohio. President Trump plans to have Mike Mulvaney, director of the Office of Management and Budget, oversee the CFPB on an interim basis.

Also in Washington, Joseph Otting won Senate approval this week to head the Office of Comptroller of the Currency, an important regulatory for community banks. Otting is a former executive OneWest Bank, where he worked with Treasury Secretary Steven Mnuchin.

Sophia DiCaro, chief compliance officer at the Cynosure Group in Utah, has been nominated to the Utah Alcohol Beverage Control Commission. DiCaro still needs approval by the state Senate; let’s hope that body does better with nominations than the U.S. Senate.

Compliance jobsThe Financial Accounting Foundation, which oversees the Financial Accounting Standards Board, named three new trustees this week: Kathleen Casey, a former SEC commissioner who now is senior adviser at Potomak Partners, a hangout for Republican ex-financial regulators; Jeffrey Esser, executive director emeritus of the Government Finance Officers Association; and David Villa, chief investment officer for the State of Wisconsin Investment Board.

FAF also reappointed James Kroeker to a second term as vice-chairman of FASB, and added Gary Buesser as a board member. Kroeker has served as vice-chair since 2013, and his new term keeps him on the board until 2024. Buesser has been a portfolio manager/research analyst for the past 30 years, including at Lazard Asset Management since 2000.

In Norfolk, Va., Signature Family Wealth Advisers, an independent family wealth management firm and multi-family office, has named Amy McClure director of compliance and legal affairs. She previously worked as an attorney with the firm Crenshaw, Ware & Martin.

Paul Affenita has a new job as vice president of compliance risk and monitoring programs at financial firm Raymond James. Affenita was last seen at Citi, where worked for three years as senior compliance officer. He’s based in New York.

Abu Dhabi National Insurance Co. has named Ali Shaukat senior vice president for risk management, where he will lead ADNIC’s enterprise risk management work. Shaukat comes to ADNIC from Deloitte, where he worked in Saudi Arabia as senior technical adviser in the risk advisory practice.

Turkish Bank Ltd. in London has named Peter Long its money laundering reporting officer. Long comes to the bank from ICBC Ltd., where he held a similar position.

Syed Raza, head of financial crimes compliance for Texas Capital Bank, has joined the board of Veterans Coalition of North Central Texas.


Kimberly White is celebrating one year as corporate compliance officer at agribusiness Ingredion. I miss the days when the company was called Corn Products International.

Mark Rosa is celebrating one year as chief audit executive at Mohegan Sun, the casino in Connecticut.

And if you’re a compliance or audit executive in Boston, Radical Compliance is hosting another after-work meetup on Tuesday, Dec. 5. Please register in advance so we know how many people may attend, and this event is not open bar—I love the profession, but not that much.

Vendors & Service Providers

Merger alert! An investment firm has acquired Actiance, a Silicon Valley startup working in archiving and analytics; and plans to combine Actiance with Smarsh, a larger firm that works in related fields of e-discovery and records compliance. The money guys running the deal are K1 Investment Management.

SOXHub, a firm that sells audit management software to help with Sarbanes-Oxley compliance, has renamed itself AuditBoard.

Open Req Orders

First, as noted yesterday, the Securities and Exchange Commission is looking for its first-ever chief risk officer. The job does not require Senate confirmation, so you can relax about those nude selfies on your phone.

Stericycle, a waste removal firm, is hiring both a regional compliance manager, based in Miami; and a corporate compliance counsel based outside Chicago.

JP Morgan is recruiting a global head of anti-corruption compliance. Job is based in New York.

Tweet of the Week

This week we have an item from Shirley Leung, business columnist at the Boston Globe, spotlighting the CEO of Fidelity Investments—

Fidelity knows harassment is an issue in its firm. This is how you take it seriously.

That’s all for the week of Nov. 17. 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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