Compliance Jobs Report: Dec. 20

Our last Compliance Jobs Report for 2019 and the whole decade! This week we have a slew of personnel moves in banking; plus CCOs getting to the top at ViacomCBS and moving on at Fresenius; and a few moves in regulator world. We also have three job openings of note and lots more industry gossip.

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! Read on… 

Compliance Jobs News

We begin at ViacomCBS, the blandly named result of Viacom and CBS finally reuniting after 13 years as separate businesses. Henry Moniz, chief compliance officer and chief audit executive at Viacom since 2010, will keep both roles in the new business. His focus seems to be mostly on regulatory compliance. No word yet on the fate of Hazel-Ann Mayers, whom CBS named chief business ethics and compliance officer last May after numerous sexual misconduct scandals hit the news. But moving someone out of that role so quickly amid CBS’s ethical missteps strikes me as dumb and therefore unlikely. 

Now a string of moves in banking… 

Synovus Financial, a regional bank based in Georgia, has expanded the role of chief compliance officer Gloria Banks to include the duties of chief ethics officer. Banks, who has been with Synovus since 2012, will also serve on the company’s management team. 

Abigail Mooney has been promoted at PNC, from compliance director for PNC Capital Advisers to vice president of retail lending operational risk. Mooney has been with PNC for four years and is based in Pittsburgh.

Truist, the horribly named result of the SunTrust Financial and BB&T merger, has promoted Mike Corbin to risk manager for the finance function and head of SOX improvement. Corbin held similar risk management and SOX compliance roles at SunTrust since 2012.

Wells Fargo says that Muneera Carr will join the bank as controller on Jan. 6. Prior to joining Wells Fargo, Carr was chief financial officer for Comerica, where she had been since 2010. She will report to Richard Levy, Wells’ chief accounting officer. 

In Bentonville, Ark., Arvest Bank has promoted Cara James from chief compliance officer to chief risk officer. James has been with Arvest since 2013. She succeeds Bob Kelly, who is retiring after 30 years at the bank. 

And Bancoomeva, a financial services firm in Colombia, has named Arnold Bustos compliance officer. Bustos comes to Bancoomeva, a name way better than Truist, after four years as compliance and anti-corruption officer at Fiduciaria de Occidente, another Colombian financial services firm. 

OK, enough of banking.

Lisa Estrada is leaving her role as chief compliance officer for Fresenius Medical Care North America. Estrada’s next steps are unknown for now. She had been CCO at Fresenius for three years. 

Bio-Rad Laboratories has named Dhruv Goyal its compliance and ethics lead for India operations. Goyal comes to Bio-Rad from Edwards Lifesciences, where he was senior compliance manager for India and Southeast Asia. 

Health Alliance Plan, a nonprofit health insurance firm based in Detroit, has named Pamela Cleveland chief compliance officer. Cleveland previously worked as chief compliance officer and vice president of strategy for Beacon Healthcare Systems in Huntington Beach, Calif.

Seniorlink, a health services firm that provides in-home nursing care, has named Diane Fronckiewicz chief compliance and privacy officer. Fronckiewicz comes to Seniorlink from Health Plans Inc., where she had been privacy officer and compliance director. She succeeds Roberta Verville, who left Seniorlink a few months ago.

The board of Petrobras has named Karlis Novickis to its Committee on Sanctions and Disciplinary Measures. Novickis also serves on the audit committee of Paranapanema and teaches compliance management in Sao Paolo.

The Public Company Accounting Oversight Board has made some staff moves. It named Patrick Bryan director of the Division of Enforcement and Investigations, and Kenneth Lynch general counsel. Bryan comes to the PCAOB from the Federal Reserve, where he was assistant general counsel for enforcement. Lynch previously worked at Kirkland & Ellis (home to attorney general William Barr and pipeline law firm to the Trump Administration) as a securities lawyer. 

And the Financial Accounting Standards Board has announced that Richard Jones, partner and chief accountant at Ernst & Young, will be the board’s next chairman. Jones will succeed Russ Golden when Golden’s term ends next June. Golden has been FASB chairman since 2013 and steered the board through numerous major new accounting standards, so we appreciate his service. 

Vendors and Service Providers

LogicGate, a compliance software startup in Chicago, just raised $24.7 million in its second round of funding. The company says it helps to automate business processes to embed better risk, governance, and compliance practices. Anyway, now it has lots of money so expect sales pitches turning up in your voicemail soon.

Open Req Orders

Hach, the water quality division of Danaher, is looking for a compliance manager. Job is based in either Fort Collins, Colo., or Des Moines, Iowa. Tough call but I’d probably go for Colorado.

Rio Tinto is also looking for a compliance manager. The job is based in Montreal, which is way better than Colorado or Iowa. 

The American Red Cross is recruiting for a senior director of ethics, compliance and investigations. Job is based in Washington, D.C.

Meme of the Week

That’s all for this week, and as we said earlier, this is the last Compliance Jobs Report for the year. We look forward to passing along more gossip in January. 

As always — if you have a tip or want to brag about your new job, promotion, career milestone, or anything else, 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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