Posts Tagged ‘compliance’
Eight Trends Shaping GRC by 2025
Here’s a question to ponder: What the world of governance, risk, and compliance will look like by 2025? Cynical people would say we can’t tell. And if we were trying to make specific predictions about how GRC will evolve in the future, those cynics would probably be right. This field is too broad and fast-changing…
Read MoreWhat Adds ‘Wow’ to a Compliance Program?
Not long ago, someone leaked to me a short paper that Joe Murphy, compliance consultant extraordinaire, has been writing about “wow factors” in corporate compliance programs. That the leaker was Murphy himself, with a short note attached saying, “Hey Matt, why not put this on your blog?” is purely coincidence. Wow factors, as corny as…
Read MoreAssessing the TCO of Your GRC Tech Project
Implementing GRC technology is probably one of the least pleasant tasks compliance officers have to do. I have literally had one compliance officer call me to complain, “We were using Vendor A, and they stunk, so we’re trying Vendor B,” followed by another compliance officer who said, “We were using Vendor B, and they stunk,…
Read MoreCompliance Careers in Finance Might Get Interesting…
We all know financial services firms are under tremendous pressure today to improve their compliance and risk management functions. What’s been less clear is how those pressures are influencing firms when they are selecting chief compliance officers. Now we have some better insight into that, and it raises some interesting career questions for compliance officers…
Read MoreWell, Why Not a Compliance Officer on SCOTUS?
On Saturday evening after news broke that Supreme Court Justice Antonin Scalia had died, I sent out this tweet (entirely in jest): Going to petition Obama Admin to nominate #compliance officer for SCOTUS vacancy. Who's with me? @tfoxlaw @BenDiPietro1, looking at you — Matt Kelly (@compliancememe) February 14, 2016 After all, why not? Everyone talks…
Read MoreBook Review: ‘How to Be a Wildly Effective Compliance Officer’
We haven’t had a book review here yet, so let’s turn to one book fresh off the presses and written by one of the compliance community’s own: How to Be a Wildly Effective Compliance Officer, written by Kristy Grant-Hart. Kristy (I have known her for years and refuse to call her “Grant-Hart”) has spent 10…
Read MoreMore From the DoJ Compliance Counsel
Anyone looking for the latest about Hui Chen, hired by the Justice Department last fall to be its first-ever compliance counsel, look no further—she appears in a lengthy interview published by Ethics & Compliance Initiative this week, talking about what she wants to see from effective compliance programs. The Justice Department’s Fraud Section hired Chen…
Read MoreThe Perils of Combining Audit and Compliance
Few compliance and audit executives believe that integrating those two functions is a wise idea, but good news for those of you forced by your CEO to march down that dubious path—you have some fresh guidance on how to make the trip with minimal missteps. Last week the Institute of Internal Auditors published a slim…
Read MoreKeeping Your Compliance Bearings in Big Data World
Corporate compliance officers have another agency firing warning shots across the bow these days: the Federal Trade Commission, which has shared more of its thinking recently about how businesses should handle Big Data. Last week the FTC published a 35-page report looking at that various ways a firm could get into trouble by using Big…
Read MoreMeeting FINRA’s Focus on Culture for 2016 Reviews
Good news for compliance officers joyously eager to participate in your firm’s FINRA reviews this year: FINRA has just published its examination priorities for 2016, and you will be involved up to your eyeballs. FINRA grouped its exam priorities into the categories of culture and ethics; risk management and controls; and liquidity. None of those is…
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