Archive for May 2024
Compliance Jobs Report: May 31
Another big Compliance Jobs Report this week! We have a departure at Volkswagen; new hires at CVSHealth, Hertz, Becton Dickinson, Children’s Place; a bunch of promotions; and lots more news. Job leads are in consumer healthcare, pharmaceuticals, and higher education; and Meme of the Week goes out to sustainability officers! Always remember that we need…
Read MoreMore on Cooperating With Regulators
Cooperation with regulators is a primary message from the regulatory enforcement world these days. So let’s see what a senior SEC official had to say on the subject lately and what compliance professionals can do to anticipate those cooperation needs. The official in question is Gurbir Grewal, head of the Enforcement Division at the Securities…
Read MoreFDIC, Part III: How Leadership Fell Short
We have yet another thread to pull from the Federal Deposit Insurance Corp., and the corporate culture debacle there that led FDIC chairman Martin Gruenberg to announce his resignation last week. Specifically, what shortcomings in Gruenberg’s leadership style may have contributed to the FDIC’s culture going so far astray? As we’ve explored in previous posts,…
Read MorePodcast: Do DPAs Really Work?
Today we have another Radical Compliance podcast, trying to unpack a question near to the hearts of compliance professionals everywhere: Do deferred-prosecution agreements really work to improve corporate behavior? This issue has been on my mind lately because federal prosecutors recently accused Boeing of breaching the DPA it struck in 2021 to settle criminal charges…
Read MoreLessons From Citigroup’s Fat Finger
This week Citigroup agreed to pay $78 million to settle charges that its internal controls failed to catch a so-called “fat finger error” in 2022, when a Citigroup trader placed a gigantic sell order by mistake and sent European stock markets plunging. Compliance officers should pull up a chair; we have several lessons to learn…
Read MoreCompliance Jobs Report: May 24
This week the Compliance Jobs Report has a changing of the compliance guard at Wells Fargo, a new head of compliance at the NRA, and other new hires at Syneos Health, FARO Technologies, Invesco, and more. We also have a slew of promotions to note, and job leads in manufacturing, cars, and consulting. Always remember…
Read MoreNYSE Parent Fined $10M Over Breach Failure
The parent company of the New York Stock Exchange has agreed to pay $10 million for failing to promptly alert the Securities and Exchange Commission about a cybersecurity breach the company suffered in 2021. Take note, all you public companies still uncertain about how and when to disclose breaches of your own. The SEC announced…
Read MoreSustainability Risk Is Supply-Chain Risk
Last week we reported on a study that captured the challenges of third-party risk management these days. Today we can take a deep dive into one specific slice of that challenge courtesy of Microsoft, and its quest to reduce carbon emissions in its supply chain. The news is as follows. Last week Microsoft released its…
Read MoreCompliance Jobs Report: May 17
The Compliance Jobs Report this week has a big retirement in pharma; new hires in retirement, healthcare, and food services; and lots more personnel moves. We also have job leads in financial services, hardware, and consumer products; and Meme of the Week goes out to voluntary self-disclosure! Always remember that we need your help to…
Read MoreFDIC, Part II: Lack of Accountability
Today let’s return to the Federal Deposit Insurance Corp., and the corporate culture meltdown documented in an investigative report the FDIC released last week. Specifically, let’s look at the lack of accountability even amid years of misconduct, and how that sorry state of affairs came to pass. For those who haven’t heard yet, last week…
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