Today we have a heads up for all you compliance officers in the financial services sector: Radical Compliance and Forensic Risk Alliance will be hosting a webinar on Jan. 29 exploring the risks of artificial intelligence, and the new governance and risk management methods you’ll need to develop to keep those AI risks in check.…
Read More
A compliance officer should always be ready to take a good idea wherever you find it and figure out how it might improve your compliance program. In that spirit, today let’s talk about a nifty phrase I stumbled across in the technology world that could help compliance officers immeasurably in these tumultuous days: finding “the…
Read More
This week the Compliance Jobs Report has updates on compliance folks from Intel and Netflix; new hire news at Citibank, Terumo Medical, Ford, Tenet Healthcare; and elsewhere; plus a slew of promotions. Job leads are in airlines, analytics, and cereal; and Meme of the Week goes out to state attorneys general! Always remember that we…
Read More
The Justice Department and Federal Trade Commission have published new guidelines on how prosecutors will evaluate companies’ employment agreements, information-sharing arrangements, and other practices that might violate antitrust law, even as the Biden Administration glides out the door. The two agencies released the guidelines (a slim 13 pages long) on Thursday. The guidelines review the…
Read More
These may be the final days of the Biden Administration, but enforcement in cybersecurity still marches onward: two different regulators just sanctioned two different companies for two different types of cybersecurity failure. Let’s take a look. First is GoDaddy.com, one of the largest web hosting businesses in the world. The Federal Trade Commission spanked GoDaddy…
Read More
Three of the top risk assurance executives at Wells Fargo during its fake accounts scandal in the 2010s must all pay millions in fines for failing to challenge the bank’s misconduct aggressively enough — a dose of individual accountability that sounds good in theory, but might still leave audit, compliance, and risk management professionals rather…
Read More
Brace yourselves, ethics and compliance officers! Today we revisit another example of corporate leadership gone wrong: Vince McMahon, the long-time (and now former) CEO of World Wrestling Entertainment, accused sexual predator, and overall blowhard. McMahon agreed last week to pay $1.7 million to settle charges from the Securities and Exchange Commission that he failed to…
Read More
This week the Compliance Jobs Report is full of mystery! The former compliance chief at Netflix has a new job somewhere; and a few folks are leaving other compliance posts and promising updates soon. We also have other items from UCB, Revolution Medicines, Henkel, Mars, PIMCO, and much more. Meme of the Week goes out…
Read More
State banking regulators have fined three home mortgage businesses and their corporate parent $20 million for a data breach in 2021 that uncovered a raft of poor cybersecurity practices at the firms. The offending companies will now need to implement an extensive remediation plan, and as usual, the rest of us have numerous lessons to…
Read More
Earlier this week I visited one of the larger compliance vendors in the market to talk with their sales staff about the pressures compliance officers face. Our discussion quickly centered on two questions. First, why do some companies decide not to invest in compliance capabilities? And second, what are some possible arguments that might change…
Read More