The Securities and Exchange Commission has announced the creation of an Office of Risk and Strategy within its Office of Compliance Inspections and Examinations.  The new office will consolidate and streamline OCIE’s risk assessment, market surveillance, and quantitative analysis teams and provide operational risk management and organizational strategy for OCIE.

OCIE conducts the SEC’s National Examination Program through examinations of SEC-registered investment advisers, investment companies, broker-dealers, municipal advisors, self-regulatory organizations, clearing agencies, and transfer agents. It uses a risk-based approach to examinations to promote compliance with U.S. securities laws, prevent fraud, monitor risk, and inform SEC policy.

Peter Driscoll will lead the office and has been named as its first Chief Risk and Strategy Officer. In the role, he will manage the new office and the investment adviser/investment company examination staff based in Washington, D.C.

Driscoll has been OCIE’s managing executive since 2013. He started at the SEC in 2001 as a staff attorney in the Division of Enforcement in the agency’s regional office in Chicago. 

 

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