Search results for: " IT risk "
Morgan Stanley Fined on Data Destruction
We have quite the reminder on IT risk today courtesy of the Securities and Exchange Commission. The agency just fined a subsidiary of Morgan Stanley for poor data protection practices, which even led to one incident where the bank’s old IT equipment was sold at auction with customer data still on the hard drives. The…
Read MoreRobinhood Crypto Compliance Meltdown
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…
Read MoreSome Thoughts on IT Workforce Risks
Looking for another reason to worry about the long-term success of your compliance, audit, or risk management efforts? Fear not! A recent report on workforce development in cybersecurity paints a stark picture of just how challenging it is these days to build and maintain a good team. The report comes from ISACA, the professional association…
Read MorePodcast: The Importance of ‘ITGCs’
Everybody understands that strong controls over technology are crucial to effective corporate compliance, governance, and external reporting — but not enough people (myself included) understand how those IT controls are supposed to work. So when the Institute of Internal Auditors recently announced a certificate in IT general controls, I was intrigued. What education need did…
Read MoreCompliance Jobs Report: Feb. 19
The Compliance Jobs Report this week has new hires at Peloton, Coinbase and a few other cryptocurrency players, Arcutis, and more. We also have promotions at DraftKings, TJX Cos., and RPM International. Job leads this week are in Cleveland, Boston, and Helsinki; and our Meme of the Week goes out to IT risk managers. As…
Read MoreCompliance Jobs Report: Nov. 6
This week’s Compliance Jobs Report is another big one: news from Citigroup, UniCredit, New York University, Smucker’s, Philip Morris International, and many more. If you’re looking to drink beer on semi-tropical islands, we have a job lead for you; and our Meme of the Week goes out to everyone sick of election news. As always,…
Read MoreCompliance Role in Operational Resiliency
“Operational resiliency” is one of those phrases in corporate compliance and risk management that, let’s be honest, sounds boring as hell when you first hear it. Like so much else in this field, however, it’s not boring once you consider what operational resiliency actually means — which is exactly what several dozen compliance professionals did…
Read MoreCompliance Jobs Report: July 20
This week the Compliance Jobs Report has big audit news at Raytheon, a new CCO at (troubled) Danske Bank, and two privacy appointments at Uber. Compliance officer personnel shifts at Geodis, Wolters Kluwer, Sprint, American Express; there’s a lot happening. And our Meme of the Week goes out to all you Star Wars fans. Read…
Read MoreCompliance Jobs Report: Sept. 22
This week’s Compliance Jobs Report starts with big news: COSO chairman Bob Hirth is stepping down after four years. We also have compliance officer moves at Simplot, Umpqua Bank, TIAA, Amazon; anniversaries at Raytheon, Columbia Sportswear, Abbott, and elsewhere. Plus, as always, a few interesting job posts. I gather these bits of information from LinkedIn,…
Read MoreCompliance Officers on the Move: Feb. 3
This week’s compliance jobs report has much action among the titans of industry. J.P. Morgan reshuffled its compliance ranks; Standard Chartered picked up a new head of regulatory affairs; and Alstom put Airbus’ head of ethics & compliance on its board. Plus the head of compliance for Volkswagen bailed, and got a €10 million severance…
Read More