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Masters of Disaster

Stories of Risk, Ethics & Compliance. Host Leona Lewis interviews people about leadership, managing risk, ethics and compliance strategies for businesses, government, academia or society.
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Now displaying: August, 2016
Aug 29, 2016

Compliance is a team sport, and building a network to share ideas, experience, and concerns is critical. The Society of Corporate Compliance and Ethics (SCCE) has played a big part in my growth as a professional and in my knowledge of the current state of the struggles and achievements of compliance practitioners.

I got the chance to talk with Roy Snell, CEO of SCCE and HCCA (Health Care Compliance Association), on the role the annual meeting plays in the careers of compliance professionals. When SCCE started, it was important to form relationships and forward the sophistication and effectiveness of compliance professionals. SCCE created every possible forum for people to share information and educate each other, allowing a framework for the profession of compliance to grow.

Personally, I am looking forward to the 2016 annual SCCE meeting, held in Chicago next month. Send me an email at leonalewis@complyethic.com if you would like to meet in Chicago at SCCE!

The Society of Corporate Compliance and Ethics (SCCE) is a member-based association for regulatory compliance professionals. SCCE was established in 2004 and is headquartered in Minneapolis, Minnesota. SCCE provides training, certification, networking, and other resources to thousands of members. Our members include compliance officers and staff from a wide range of industries. The need for guidance in meeting regulatory requirements extends to a wide range of sectors, including academics; aerospace; banking; construction; entertainment; government; financial services; food and manufacturing; insurance; and oil, gas, and chemicals. The following observation from Roy Snell is found on the SCCE/HCCA website:

One often wonders why HCCA, and then SCCE, all worked. It’s hard to know. Is it being in the right place at the right time or getting the right people involved? To me, it’s obvious that it is both. What has kept it going is a simple truth, that people who face significant challenges need to communicate with others facing similar challenges. Compliance professionals face huge challenges. The reason we continue to meet in ever-larger numbers is the very same reason the first call to Mary Dunnaway was made—to share compliance war stories and learn from each other.

LINKS

roy.snell@corporatecompliance.org

2016 SCCE Chicago Conference Information http://www.complianceethicsinstitute.org/

SCCE official site http://www.corporatecompliance.org/

Masters of Disaster® is the U.S. registered trademark of ComplyEthic Consulting LLC

Aug 22, 2016

Cecelia Jefferson discusses the unintended compliance risks of implementing technology in many different business contexts.  It is critical when seeking to close compliance gaps with technology that compliance professionals dig deeper to the problems that the technology may create in real life, for example:

  • For liquor stores, if drivers licenses can be scanned to ensure all purchasers’ ID’s are checked, what privacy and security problems does collecting drivers license information create?
  • How difficult is the new system to train across large numbers of employees?
  • Do employees face this compliance issue every day or rarely?  How does this impact the effectiveness of the proposed solution?
  • For hospitals, if the pharmacy is automated, what happens in the event the computer goes down?  Is there a manual back-up?
  • What are compliance issues discoverable by the general public, including regulators, and how does this exposure impact the decision to devote resources to the solution?
  • Are the systems flexible to be changed if regulators change their interpretation of the law or prioritization of enforcement?
  • How do the systems interact with a continually changing enforcement environment and changing laws?
  • Is the issue so closely intertwined with the company’s brand that the risk of any noncompliance can be devastating?

Everybody has the intention to be committed to compliance, but when resources need to be devoted to compliance, the company’s true commitment comes into focus.

Cecelia Jefferson is a  strategic, multi-talented compliance executive with extensive and diversified legal, compliance, and governance. She has almost two decades of experience in compliance, government and as an attorney in the state of Florida.  Cecelia is the former Director of Alcohol, Tabacco, and Firearms Compliance at Walmart, Assistant General Counsel for the Florida Agency for Health Care Administration, and has held several other roles in state regulation, enforcement, and consumer protection.

 

LINKS

Cecelia Jefferson’s email cdjesq24@gmail.com

LinkedIn www.linkedin.com/in/ceceliajeffersonesq

Twitter @cdjdst

Aug 8, 2016

Jay Rosen is back on the Masters of Disaster podcast. He celebrates five years working in the compliance and ethics industry and has seen many changes to the industry during this time.  Jay explains how two basic areas where compliance has changed:

  1. Consolidation of service providers to be the one-stop shop for general solutions for compliance programs.  Compliance officers should keep an eye on how they can benefit from specialist service providers who may have more context about relevant businesses.
  2. More information from the DOJ and SEC is now available on what government believes an effective compliance program looks like.  It is now clear that a check-the-box paper compliance program is insufficient.

We discuss the significance of internal controls and other actions companies need to take to create a culture of compliance beyond implementing tools and hiring compliance service providers. We discuss reputational risks in the marketplace and within the company with employees.

We even talk a little politics, but not too much.  Everyone gets more political talk than is healthy these days.

Jay Rosen works for Merrill Brink International and assists global companies with foreign language based investigations of potential Foreign Corrupt Practices Act (FCPA) exposure, patent and IP litigation and import/export compliance and cross-border matters. 

Jay has the experience to guide clients through both the best practices and pitfalls of translation solutions.  He helps businesses and representative counsels understand how and when to save on translation costs while minimizing business risk, essentially helping them navigate the appropriate ways to take advantage of cost-effective resources while ensuring the highest quality certified translations when necessary. 

 

LINKS

Jay Rosen Linkedin Page https://www.linkedin.com/in/jayrosen

jay.rosen@merrillcorp.com

(310) 729-6746

Stanford Law School FCPA Clearinghouse http://fcpa.stanford.edu/

twitter @FCPA_Translate

YouTube Videos

Merrill Brink International

Society of Corporate Compliance and Ethics

Aug 1, 2016

Keith Furst and I discuss how data scientists working on compliance projects can work together better to avoid unintended consequences which prevent compliance from getting the data it needs.  It is almost impossible to have one person embody all the compliance and communication skills required in a data scientist that might allow that data scientist to understand easily and execute a data project for a compliance project.  A better understanding by compliance that there may be communication gaps is essential.  Collaboration between data scientists and compliance must occur throughout the data project.

For example, if information needs to be delivered to compliance to take next steps, assumptions can be made a substantial risk of non-compliance by leaving some information out.  Also, communication between compliance and data needs to be maintained over time checks are not in place to react to planned changes.  Changes can occur in systems, data, law or business that changes the significance of the data to compliance.

Keith Furst is a fraud detection expert with years of proven experience within a variety of financial institutions including Tier 1 wholesale banks, investment banks, foreign bank branches, commercial banks, retail banks, broker-dealers, prepaid card providers and merchant acquirers with a focus on implementing fine-tuning and validating financial crime systems.  His forte relates to transaction monitoring, customer due diligence, fraud and market abuse systems and his work included custom data analytics resulting in the identification of suspicious activity outside of the traditional surveillance models.

Keith has experience effectively working with and reporting to a diverse range of stakeholders and senior executives in compliance, technology, operations, audit, and finance.  He has managed global initiatives composed of cross-functional teams dispersed over the Americas, Europe, the Middle East and Africa (EMEA) and Asia Pacific (APAC).

He is well-versed on model risk management and has performed deep-dive assessments of banking institutions policies which resulted in enhancements to policies and model governance. With deep knowledge of Society for Worldwide Interbank Financial Telecommunication (SWIFT) message types and correspondent banking, he performed multiple risk assessments to ensure cross-border payment transparency aligns with both industry and internal policy guidelines.

Keith Furst holds an MBA from Baruch College, Zicklin School of Business.

 

LINKS

www.dataderivatives.com

KFurst@dataderivatives.com

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