Compliance Jobs Report: Aug. 12

Compliance jobs

Another big Compliance Jobs Report! Personnel updates at Snap, JetBlue, Alnylam Pharmaceuticals, Cook Medical, Firefly Aerospace, and lots more. We also have some interesting hires in the vendor world; job leads in vaccines, automotive tech, and higher ed; and Meme of the Week goes out to one-person compliance departments! As always, thank you to all…

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CFPB Warning on Data Protection

protection

The Consumer Financial Protection Bureau has issued a fresh warning to financial firms that they must keep customer data safe, and cited three specific cybersecurity controls as measures that firms should implement if they want to avoid liability under federal consumer protection law.  The CFPB fired its warning shot on Thursday afternoon in the form…

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Compliance Jobs Report: Aug. 5

compliance jobs

Following this morning’s monster jobs report for the U.S. economy, the Compliance Jobs Report has its own brisk update for this week too! We have items to report from Blackstone, Walmart, Fifth Third Bank, Alexion Pharmaceuticals, and many more. Job leads in banking, software sales, and stock trading; and our Meme of the Week goes…

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Robinhood Crypto Compliance Meltdown

robinhood

New York financial regulators have issued a scorcher of an enforcement action against Robinhood, hitting the online trading app with a $30 million for allowing a weak compliance program that, in turn, allowed a wide range of other compliance failures. The New York Department of Financial Services (DFS) announced the sanction on Tuesday. The precise…

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On Wisconsin and Cyber Risks

Wisconsin

IT audit professionals looking for a fresh example of cybersecurity risk to study should turn their gaze to Wisconsin. A voter fraud conspiracy theorist there uncovered what is indeed a legitimate risk to election integrity, and his discovery speaks volumes about taking a risk-based approach to design of internal controls. The gadfly in question is…

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Fresh Lessons on Management Fraudsters

fraud

One of the largest PR firms in the world is going through its own minor PR crisis this week, with its former CFO pleading guilty to embezzling $16 million from the firm over the course of nearly a decade.  Frank Okunak, who ran financial operations at PR firm Weber Shandwick from 2009 to 2019, pleaded…

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Compliance Jobs Report: July 29

compliance jobs

The Compliance Jobs Report this week has several hires at Freddie Mac; several departures from fintech firm Revolut; and other personnel news from Clear Channel, Western Union, Teleflex, FanDuel, and elsewhere. Job leads this week are in makeup, banking, and social services, all in New York City; and Meme of the Week goes out to…

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CCO Compensation Up 9 Pct

compensation

Attention, all you compliance officers negotiating a new pay package! We have a fresh CCO compensation survey that says average salary and bonus are at $430,000 this year, up 9 percent from 2020 levels.  Recruitment firm Major, Lindsey & Africa published the compensation report today. Much of the data relates to general counsels and other…

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Lessons in Cardiac Company Fraud Settlement

biotronik

A medical device company based in Oregon has agreed to pay $12.95 million to settle charges that it ran a sham training program as a vehicle to pay kickbacks to doctors, in a case that offers compliance professionals plenty of lessons about internal controls and third-party risk. The company is Biotronik, a maker of defibrillators,…

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Compliance Jobs Report: July 22

Compliance jobs

This week the Compliance Jobs Report has compliance hires at AB InBev, BW Offshore, the Global Fund, University Hospitals, and many more. Several compliance professionals have also left their jobs, we have numerous promotions to note, and all our job leads this week are in sun-drenched San Diego. Meme of the Week goes out to…

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