I have spent almost twenty years as an auditor; externally, internally, or training auditors. When discussing the subject of risk assessments and annual audit plan development, I am reminded often of a quote from Winnie the Pooh. “Here is Edward Bear, coming downstairs now, bump, bump, bump, on the back of his head, behind Christopher […]
Risk Management
Posted inRisk Management
Podcast: Five Best Practices for Minimizing BYOD Risk
The emergence of corporate bring-your-own device initiatives is great for employees on the go and appreciated by time-strapped managers. It is also a potential nightmare for compliance personnel because failing to comply with data security and privacy regulations can result in large fines, litigation, and damage to a company’s reputation. In this edition of the […]
Posted inRisk Management
BofA Executive Joins Grant Thornton
Grant Thornton announced this month that it has hired Ilieva Ageenko as a managing director and leader of its financial services advisory model risk management practice. Most recently, Ageenko was a senior vice president and quantitative risk executive at Bank of America, where she led the enterprise quantitative risk technology organization, built and managed data […]
Posted inInternal Controls
U.K. Banks See Big Jump in AML Hiring, Survey Shows
Hiring of anti-money laundering staffers by banks in the United Kingdom skyrocketed last year, growing by 54 percent, according to a recent survey. London-based recruitment firm BrightPool reported the jump, with 2,157 new anti-money laundering jobs created in the U.K. in the past year, according to reports this week in Recruitment International and the Financial […]
Posted inRisk Management
SEC to Launch Municipal Adviser Exam Initiative
The Securities and Exchange Commission announced this week that it will be launching an examination initiative directed at newly regulated municipal advisors. SEC rules that took effect July 1 require municipal advisors to register with the SEC through the SEC’s EDGAR system under the final registration process during a four-month phase-in period by Oct. 31. […]
Posted inRisk Management
Kroll Appoints Three Senior Hires
Kroll, a provider of risk solutions, has brought on three senior hires to accelerate growth within the compliance market. Kevin Braine joins the firm as managing director, head of EMEA for the compliance practice. Braine, who will be based in London, will beresponsible for driving forward the expansion of Kroll’s compliance services throughout the […]
Posted inRisk Management
Convercent Announces Customer Wins
Convercent, a SaaS-based enterprise governance, risk and compliance (GRC) solution provider, has continued to expand its global footprint with several new enterprise customers. New customers in the second quarter, include: Philip Morris International; CH2M Hill; Under Armour; Einstein Noah Restaurant Group; Juniper Networks; and Dolby Laboratories. In September, Convercent will release a new expansion to […]
Posted inInternal Controls
BNP Paribas Replaces Compliance Chief, Overhauls Compliance Department
French banking giant BNP Paribas announced today that it is replacing its top compliance chief and undertaking a major reorganization to strengthen its compliance and internal control functions, following its record $8.9 billion settlement with the Justice Department this month for U.S. sanctions violations. Jean Clamon, who has served as head of group compliance since […]