Day: July 21, 2020

Scott Sullivan – What does a CCO want for and from their team?

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Post date July 21, 2020
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The Compliance Life details the journey to and in the role of a Chief Compliance Officer. How does one come to sit in the CCO chair? What are some of the skills a CCO needs to success navigate the compliance waters in any company? What are some of the top challenges CCOs have faced and how did they meet them? These questions and many others will be explored in this new podcast series. Over four episodes each month on The Compliance Life, I visit with one current or former CCO to explore their journey to the CCO chair. This month, my guest is Scott Sullivan, the Chief Integrity and Compliance Officer at Newmont Mining.
Scott Sullivan is a versatile and innovative governance, risk, compliance, ethics and legal executive with significant experience advising C-suite leaders and Boards of Directors in a global enterprise in a wide array of sensitive, high profile subject matter areas. He has extensive leadership in designing, implementing and enhancing world-class programs and favorably resolving regulatory crises for multinationals. He has managed ethics and compliance for a $5B global Fortune 500 corporation, directing a Business Integrity & Compliance function impacting 20,000 employees in over 55 countries with over 100 legal entities.
In this Episode 3, we consider how a CCO can complement their own skills with their team. Some of the skills sets Sullivan sees needed for 2020 and beyond include, Project Management, data analytics, communications & marketing, plus legal. Sullivan lists his 4 top leadership lessons for leading a compliance team.

People First – Empower Them to Lead.
Roll up your sleeves – don’t be afraid to dive in.
Manage the Chaos to Thrive not just Survive.
Trust your gut and instincts – judgmental vs. statistical sampling.

Tags CCO

Jamming with Jason

Soap Boxes and Podcasts with Trent Russell

Post author By Jamming with Jason
Post date July 21, 2020
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In this special episode of #jammingwithjason #internalauditpodcast I talk with Trent Russell the host of “The Audit Podcast” about the profession of internal auditing and some “soap box” issues we both feel strongly about to help improve internal audit in organizations. It’s a dual interview style, so you get to hear questions and answers from both of us. Double bonus 🙂
If you haven’t already subscribed to The Audit Podcast, here is the link for it on Apple Podcasts: https://podcasts.apple.com/us/podcast/the-audit-podcast/id1502796518
Trent is also a subject matter expert on data analytics with Greenskies Analytics. You can learn more at: GreenskiesAnalytics.com

Tags CAE, chief audit executive, chief internal auditor, head of internal audit, internal audit, internal audit podcast, internal audit training, internal auditor, jamming with jason, jason mefford

Compliance and Coronavirus

Jeff Matthews on Fraud Risk During Covid-19

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Post date July 21, 2020
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Welcome to the newest addition to the Compliance Podcast Network, Compliance and Coronavirus. In this episode, I visit Jeff Matthews, a partner at StoneTurn. He brings over 20 years of experience in financial investigations, forensic accounting and litigation support. He has served as a financial expert in corruption and white-collar criminal cases, as well as multi-jurisdictional business disputes, testifying in multiple civil and criminal matters at the state and federal levels. His clients include the nation’s top law firms, Fortune 100 legal departments and government investigative agencies.
We discuss how corporate fraud risks have changed during the age of Coronavirus and the economic dislocation, how companies need to update their fraud risk assessments and what fraud examiners should do to help in meeting the new challenges of fraud risk in the age of Coronavirus.
For more information on Jeff Matthews, check out his profile on the StoneTurn website here.
For more information on Matthews book Holding Accountants Accountable, check it out on Amazon.com.

Tags Fraud Risk

Innovation in Compliance

The Economic Value of Convenience with Greg Dickinson

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Post date July 21, 2020
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CEO of Omedym, Greg Dickinson joins Tom Fox in this week’s show to discuss his book, The Convenience Economy: B2B: Adapt Now or Pay the Price. They discuss an interesting equation about the value of convenience, and why giving convenience equals gaining control.

The Cost of Inconvenience
Tom asks Greg to explain his equation, Friction = Frustration = Cost. Greg responds that if your process impedes your customer’s buyer journey, then that friction will cause them to feel frustration, which will ultimately cost you. He gives examples of B2B processes that, while developed to help a company flow, actually frustrate the customer. Times have changed, and customers are now independent. If your process is friction-rich, Greg says, customers will go someplace else. “If you have developed all your processes to deal with them in a way that is built on what you want – and it has no consideration for them, for their journey, for their experience – then you have really harmed your ecosystem… If we can give convenience, we gain control.”
People Want to Watch
Greg points out that COVID-19 has accelerated some of the areas discussed in his book. Companies now must rethink how to onboard suppliers: he recommends smart watchable assets. “When people want to learn, understand, discover and comprehend something that they have to use, they want to watch,” Greg remarks. “You can onboard and get your third parties embracing your policy if you can communicate with a watchable asset.” He explains why supplier enablement should now include “cost plus convenience plus enablement, plus being able to sustain when something happens.”
Push vs Consume
Tom asks Greg about the push vs consume models. Greg explains the difference between the two approaches and why people want to consume information nowadays, not have it pushed at them.
Resources
Greg Dickinson on LinkedIn
Omedym.com
The Convenience Economy: B2B: Adapt Now or Pay the Price