This week the Compliance Jobs Report has a shake-up in the compliance leadership at TD Bank, palace intrigue at Google, and new hires at Darden, Total Wine, and elsewhere. Our job leads are in video games, oil services, and junk food; and Meme of the Week goes out to internal audit teams. Always remember that…
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The compliance drama-rama at Citigroup continues! Regulators just imposed another $136 million in new monetary penalties for the bank’s failure to complete compliance and risk management improvements required by a previous consent order from 2020, which had imposed a $400 million penalty of its own. So that’s more than half a billion dollars Citigroup is…
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Fifth Third Bank has agreed to pay a $20 million fine and to overhaul its employee performance management practices, to settle a long-running lawsuit that workers were opening fake accounts without customer permission to meet sales goals and that they were saddling auto-loan borrowers with insurance the borrowers didn’t need. The Consumer Financial Protection Bureau,…
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So there I was, reading through the U.S. Supreme Court’s recent rulings, when the phone rang. On the other end was my friend the general counsel, who apparently had been doing the same. “Oh man,” he said, launching into a diatribe. “This ruling to overturn the Chevron doctrine is going to be a disaster for…
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What better way to celebrate a long July 4th holiday weekend than by reading the Compliance Jobs Report? This week we have a new chief compliance officer at Citadel; an expanding compliance function at Amtrak; new hires at Staples, Jazz Pharmaceuticals, Marvell Technology; and much more. Job leads are in health insurance, medical tech, and…
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Today I want to return to that recent enforcement action against RR Donnelley, where the Securities and Exchange Commission cited faulty internal accounting controls at Donnelley as grounds to impose a $2.1 million sanction over the company’s poor handling of a cybersecurity incident. What are internal control professionals supposed to make of an enforcement action…
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The other week I had the good fortune to moderate a webinar on how compliance officers can have a better relationship with the board of directors, which is a top priority for pretty much all of you. The conversation was great and the advice excellent, so I took plenty of notes and now pass them…
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Yes, the Supreme Court reached a preposterous conclusion last Friday in Snyder v. United States, when the conservative majority ruled that a “gratuity” that’s plainly part of a corrupt bargain is not a crime under federal anti-corruption law. Anxious corporate compliance professionals, however, should begin by asking a crucial question: Who cares? Seriously — how…
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You want compliance jobs gossip? The Compliance Jobs Report has that in spades. This week we have updates from Sandvik, Illumina, Penn State, Booking.com, Apple, and lots more. Our job leads this week all include preposterously wide salary ranges, and Meme of the Week goes out to disclosure controls. Always remember that we need your…
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The Securities and Exchange Commission has published fresh advice about when companies need to disclose a ransomware incident to investors, warning that companies will need to perform materiality assessments and be prepared to disclose the attack even if the attack is small and the company returns to normal operations quickly. The agency released five compliance…
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