Posts by Matt Kelly
On Vacation This Week
Thank you for visiting, dear readers, but Radical Compliance is taking some much-needed vacation this week. We likely won’t have any updates to the website, and no newsletter on Friday, April 24. You can always send us tips at [email protected]. Otherwise, behave yourselves and we’ll be back as usual on Monday, April 27.
Read MoreBanks Get Emaciated Model Risk Guidance
U.S. banking regulators have quietly issued new guidance on model risk management, mothballing extensive and exacting guidance from previous administrations in favor of a vague, principles-based blueprint that’s bound to leave risk management and compliance teams with more questions than answers. The Federal Reserve, Federal Deposit Insurance Corp., and Office of the Comptroller of the…
Read MoreCompliance Jobs Report: April 17
Lots of comings and goings as usual in the Compliance Jobs Report this week. We have new hires at Ericsson, Worley, Waud Capital, Victoria’s Secret, Nasdaq, and elsewhere; plus promotions at UC-Davis, Hillenbrand, Citizens Bank, Viatris, and more. Job leads are in higher ed, personal finance, and prediction markets! We gather the Jobs Report news…
Read More‘Made in America’ Compliance!
God bless America and effective marketing compliance! The Federal Trade Commission has fined three companies for making false statements to consumers that their products were manufactured in the United States — including one business that sold “100% American-Made Tough” flags that were actually imported from China — just weeks after the Trump Administration vowed a…
Read MoreMaking Enforcement & Accountability Work
Last week I moderated a webinar on the Justice Department’s new corporate enforcement policy. It gave us an excellent opportunity to unpack the overlapping issues facing compliance officers, from enforcing individual accountability to supporting a strong speakup culture to performing effective root cause analysis. I took lots of notes as usual, and pass them along…
Read MoreCompliance Jobs Report: Apr. 10
This week the Compliance Jobs Report has new hires at Airwallex, PayPal Bank, University of Rochester, the CFA Institute, and more; plus departures at Workday and Hillenbrand. Promotions to note at Centene, Walmart, TJX Cos., Netflix, and elsewhere; and job leads are in money transfers, cancer treatment, and pharmaceuticals. We also take any other gossip…
Read MoreLaunching: The CCO Retaliation Survey
One of the top concerns for corporate compliance professionals has always been to protect employees from retaliation for speaking up about corporate misconduct. Today Radical Compliance wants to flip that script by looking at something that, honestly, I’m astonished nobody has examined before: how often compliance officers themselves suffer retaliation for speaking up. We are…
Read MoreSolventum Dinged on Export Violations
I wouldn’t necessarily call this red meat for the trade compliance crowd, but we do have a morsel of enforcement news for you today. Solventum, a Minnesota-based maker of filtration systems, is paying $1.6 million to settle charges that the company improperly exported technology to sanctioned customers in China several years ago. The U.S. Bureau…
Read MoreThe Challenges of Embracing Accountability
So there I was the other day, chatting on a webinar about current compliance issues, and conversation turned to the Justice Department’s push to hold individual wrongdoers accountable for corporate misconduct. I thought was a fairly straightforward idea, until a listener offered a comment that stopped me short. “Accountability is a big conversation happening at…
Read MoreCompliance Jobs Report: April 3
The United States released a surprisingly strong jobs report this morning, and the Compliance Jobs Report marches on too! We have a retirement at the University of Pennsylvania, new hires at American Express, MillerKnoll, Western Digital, BNY, and many more. Promotions at Fifth Third, EQT, Eli Lilly, and elsewhere; plus job leads in staffing, fitness,…
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