Credit Suisse

The mildly troubled investment bank Credit Suisse is consolidating its risk and compliance functions into one unit, which will be headed by the bank’s chief risk officer. Its chief compliance officer has been shifted into a new role overseeing sustainability research.  Credit Suisse announced the shakeup Thursday while reporting second-quarter 2020 financial results. The results…

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lessons

One big lesson for compliance and audit executives this year will be the risks that swirl around compensation and incentives. Wells Fargo will be Exhibit A in that discussion, and rightly so. Still, the more I look at the SEC’s enforcement action against Credit Suisse last week, where it fined the bank $90 million for…

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Credit Suisse

Don’t look now, but the Securities and Exchange Commission just expanded your scope of worry for internal performance metrics. Yesterday the SEC fined Credit Suisse $90 million for employees’ improper manipulation of two performance metrics. Was the misconduct on the same scale as what we saw at Wells Fargo? No, mostly because the victims here…

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Credit Suisse

By now you may have already heard that Credit Suisse is cutting another 2,000 jobs from its investment banking operations. That’s unfortunate news for the 2,000 bankers soon to be unemployed, but compliance officers on Wall Street have another lesson to absorb here. The real news for compliance professionals—or anyone else working in finance who…

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compliance jobs

The Compliance Jobs Report this week begins with a departure from Softbank, new hires at Vail Resorts, Huntington Ingalls, and other businesses. We have some news from the vendor world, including an acquisition; and three job openings to note. Plus our meme of the week, which today strikes a somber note. As always, thank you…

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compliance jobs

This week’s Compliance Jobs Report has more drama at Wells Fargo (the CCO leaving), plus new hires at Amazon, STADA, Danske Bank, and elsewhere. We have job openings from Houston to Los Angeles to Michigan, and our Meme of the Week goes out to corporate reorganizations everywhere. As always, thank you to all the compliance…

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compliance jobs

Today is the fourth anniversary of the Compliance Jobs Report, and as usual we have lots of news! New hires at ABB, Arconic, and OTC Markets Group; promotions at Credit Suisse and elsewhere; plus new appointments at the SEC. Also some news in the vendor world this week, and job openings from Germany to Florida…

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compliance jobs

The Compliance Jobs Report this week has personnel moves at Cushman & Wakefield, Coloplast, Westpac, Credit Suisse, and a bundle of other businesses. Facebook is looking for a chief compliance officer, and our Meme of the Week goes out to everyone struggling with tight budgets, which is everyone. As always, thank you to all the…

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compliance jobs

A shorter Compliance Jobs Report this week, after last week’s record-breaking edition. This week we have new hires at the Libra Association, Discover Financial Services, Lyft, and Convercent, plus promotions and more new hires at other firms. Some vendors have rolled out new products, and we have job openings from Alaska to San Diego.  As…

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compliance jobs

The Compliance Jobs Report this week has the new CCO at Boeing, layoffs in compliance staff at Uber, a new risk and compliance boss at Moderna Therapeutics, and a bunch more promotions and new hires. Notable job openings this week include a CCO role for a disaster relief group, and our Meme of the Week…

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