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Great Women in Compliance

Great Women in Compliance: Nick Gallo on Being an Ally

Welcome to the Great Women in Compliance Podcast. In this episode, Lisa Fine visits with a great gentleman in compliance, Nick Gallo, co-CEO at Ethico.

Nick started his career in private equity, and when he and his brother Gio wanted to grow a business together, they both saw the opportunity to build something that would benefit the compliance space.

Nick’s view about being an ally was shaped when he was young and saw his mother’s challenges as a woman in male-dominated industries, which continues today, where he is an advocate for supporting women and diversity, particularly in Ethics and Compliance.

Nick and Lisa discuss the importance of being proactive as allies and constantly trying to improve our workplaces, whether that means speaking up against injustice or supporting those who may not be heard.

They also speak about how unique and special this profession, and this community are, and the importance of building the next generation of compliance leaders and women in the profession.

Key Highlights:

  • Advocacy for Equality and Workplace Support
  • Active Allyship for Positive Social Change
  • A Mentorship’s Role in Professional Development Journeys
  • Fostering Inclusivity for Diverse Women in Compliance
  • Fostering Transparency and Fairness in Hiring

Resources:

Join the Great Women in Compliance community on LinkedIn here.

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Great Women in Compliance

Great Women in Compliance: Amy Mertz Brown on Financial and Regulatory Compliance

Welcome to the Great Women in Compliance Podcast!

In this episode, Lisa visits with Amy Mertz Brown, the SVP Chief Compliance and Privacy Officer at BECU.

Amy started her career in the US government, where she was one of the first leaders at the  Consumer Financial Protection Bureau and was formerly the Chief Compliance Officer at the US Securities and Exchange Commission.  She discusses the similarities and differences between her government and in-house regulatory experiences, and the importance of specific training and detailed work instructions in highly regulated industries.

Amy also shares how she has built her career, and what she views as important in deciding on taking on a new role. Amy and Lisa also talk about Reshma Saujani’s views about imposter syndrome, rather than looking at the reasons someone feels like an imposter and questioning the concept and how it impacts women.

Key Highlights:

  • Regulatory Compliance in the Government and in the Private Sector
  • Regulatory Compliance Through Monitoring and Training
  • Navigating Evolving Financial Regulations
  • Questioning the Imposter Syndrome

Join the Great Women in Compliance community on LinkedIn here.

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Great Women in Compliance

Great Women in Compliance – Christina Marshall on Global Compliance Leadership

Welcome to the Great Women in Compliance Podcast. In this episode, we visit Christina Marshall, an experienced ethics and compliance leader with extensive experience working with US and foreign regulators. Her expertise is in fraud and corruption investigations, risk assessments, and operationalizing compliance in complex global organizations. She currently leads the Oracle EMEA Compliance team, which is responsible for driving compliance through Europe, the Middle East, and Africa. She is a US-trained litigator with a Juris Doctor from Fordham University School of Law.

Christina has worked in private practice as well as as a senior counsel within the Division of Enforcement at the Securities Exchange Commission, which is responsible for investigating violations of the FCPA. Her extensive experience also includes teaching as a professor of Securities Regulation, White Collar Crime, Corporations and American Law. Based on her extensive experience, Christina is highly skilled in investigating procurement fraud, money laundering, and corruption, leading risk assessments, and creating preventative compliance practices.

Christina’s perspective on compliance best practices is that it should function as a partnership with the business, focusing significantly on transparency and support for business leaders, rather than acting as the ‘police’. Her knowledge in this area has been shaped by her prior experience at the US Securities and Exchange Commission’s Division of Enforcement and her extensive engagement with regulators worldwide. Additionally, her time spent teaching law in Russia has enriched her global perspective. She emphasizes the necessity of involving business partners in risk mitigation, with an emphasis on fostering trust and respect, particularly during challenging investigations.

Key Highlights:

  • Collaborative Approach to Achieving Compliance Goals
  • Efficient Risk Management Through Practical Prioritization
  • Fostering Trust Through Investigative Transparency
  • Encouraging Curiosity and Open Communication Culture
  • Global Compliance Strategies in Multinational Operations
  • Tailoring Compliance Programs for Regional Teams
  • Enhancing Compliance Practices Through Root Cause Analysis
  • Enhancing Efficiency Through Clear Communication

Resources:

Join the Great Women in Compliance community on LinkedIn here.

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Great Women in Compliance

Great Women in Compliance – Alejandra Montenegro Almonte on Workplace Culture and Compliance

Welcome to the Great Women in Compliance Podcast. In this episode, Lisa visits with Alejandra Montenegro Almonte, who is a member at Miller & Chevalier and is the Chair of their International Practice and Practice Co-Lead, Workplace Culture. Prior to joining Miller & Chevalier, she was General Counsel for the North American and Latin American Division at Gategroup and an associate at Weil, Gotshal & Manges.  Alejandra has won awards and recognition from Chambers, Best Lawyers in America and Latin America, among others.

In this episode, Alejandra discusses her experience in global ethics and compliance programs, from advising on best practices to workplace investigations.  Alejandra has leveraged her experience in-house and at law firms to provide practical advice and explains her approach to advising clients.

Alejandra also provides insight on her experiences with monitorships, as she has advised clients in monitorships and acted as a monitor.  She talks about the importance of a proactive relationship between the monitor and the organization, as well as some thoughts about best practices for communications and meetings.

She applies a similar set of principles to all of her work, focusing on learning about a business, including its market dynamics and risks, as part of building the best program for that organization.  She uses that as a foundation for her work on program enhancements and on how to conduct workplace investigations.

As this is Women’s History Month, Alejandra provides some ideas on how we can best support women and diversity in our workplaces.

Key Highlights:

  • Building Global Ethics & Compliance Programs
  • Experience in Monitorships as an Advisor and a Monitor
  • Providing Practical Advice on Compliance Risks
  • Cultural Nuances in Global Workplace Dynamics
  • Insights During Women’s History Month

Resources

Join the Great Women in Compliance community on LinkedIn here.

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Compliance Week Conference Podcast

Compliance Week 2024 Speaker Preview Podcasts – Lisa Fine Chairs the Women in Compliance Brunch N’ Learn

In this episode of the Compliance Week 2024 Speaker Preview Podcasts series, Lisa Fine discusses the panel she will chair at Compliance Week 2024, “Women in Compliance.”Some of the issues she will discuss in this podcast and her presentation are:

  • Getting on Boards
  • Mobility for women in compliance and beyond
  • Seeing old friends and making new ones at Compliance Week 2024

I hope you can join me at Compliance Week 2024. This year’s event will be held April 2-4 at The Westin Washington, DC, Downtown. The line-up for this year’s event is first-rate, with some of the top ethics and compliance practitioners around.

Gain insights and make connections at the industry’s premier cross-industry national compliance event, offering knowledge-packed, accredited sessions and take-home advice from the most influential leaders in the compliance community. Back for its 19th year, join 500+ compliance, ethics, legal, and audit professionals who gather to benchmark best practices and gain the latest tactics and strategies to enhance their compliance programs. Compliance, ethics, legal, and audit professionals will gather safely face-to-face to benchmark best practices and gain the latest tactics and strategies to enhance their compliance programs, among many others, to:

  • Network with your peers, including C-suite executives, legal professionals, HR leaders, and ethics and compliance visionaries.
  • Hear from 80+ respected cross-industry practitioners who are CEOs, CCOs, regulators, federal officials, and practitioners to help inform and shape the strategic direction of your enterprise risk management program.
  • Hear directly from panels on leadership, fraud detection, confronting regulatory change, abiding by cross-border rules and regulations, and the always-favorite fireside chats.
  • Bring actionable takeaways to your program from various session types, including cyber, AI, Compliance, Board obligations, data-driven compliance, and many others, for you to listen, learn, and share.
  • Compliance Week aims to arm you with information, strategy, and tactics to transform your organization and career by connecting ethics to business performance through process augmentation and data visualization.

I hope you can join me at the event. For information on the event, click here. As an extra benefit to listeners of this podcast, Compliance Week is offering a $200 discount on the registration price. Enter the discount code TFOX2024 for $200 off.

The Compliance Week 2024 Preview Podcast series is a production of the Compliance Podcast Network. Compliance Week is the sponsor of this series.

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Great Women in Compliance

Great Women in Compliance – Sabrina Segal on Reimagining Risk Management

Welcome to the Great Women in Compliance Podcast. How can we reimagine risk management? In this episode, Hemma Lomax visits Sabrina Segal, a seasoned third-sector integrity risk and compliance advisor with a legal background. Sabrina is currently in Rwanda as part of an international development and humanitarian assistance team. She hosts Tolerable Risk, a podcast about integrity and compliance in the third sector.

Sabrina shares her perspective on compliance and risk management in the third sector, which is inherently high-risk, largely due to its operation in areas where the private sector may not see value and where government regulation has failed. Sabrina believes that traditional approaches to risk management, which are quantitative-heavy and designed for industries like finance and oil and gas, are unsuitable for the third sector, requiring a more accessible qualitative approach for diverse stakeholders. Drawing from an array of global experiences, Sabrina emphasizes the need for bespoke approaches tailored to the specific needs and constraints of small and medium-sized charities and nonprofits. Sabrina has developed an objective-centered risk management approach for the third sector based on work from her mentor, Timothy Leech. Objective-centered risk management focuses on facilitating the achievement of organizational objectives, collaborating to identify threats and opportunities, and directly influencing decision-making. Sabrina’s compliance and risk management work is designed to improve organizations’ overall programming and impact in the third sector. Still, it has many applications in the private sector and corporate compliance.

Key Highlights:

  • Tolerable Risk Podcast on Tailored Risk Management for Nonprofits

  • Navigating High-Risk Environments: Third Sector Compliance

  • Objective-Driven Risk Analysis and Decision-Making

  • Comprehensive Risk Management Strategy with Active Monitoring

  • The Importance of Involving Stakeholders in Risk Management

  • Quantitative tools and trust in data for risk management

  • Advocacy and Inclusion in Restorative Justice

Resources:

Join the Great Women in Compliance community on LinkedIn here.

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Blog

Tailored Risk Management in the Third Sector

Compliance and risk management are crucial aspects of any organization; the third sector is no exception. In this week’s episode of Great Women in Compliance, hosted by Hemma Lomax, she visited with Sabrina Segal on compliance and risk management in the third sector. The third sector, which includes charities and nonprofits, operates in areas where the private sector doesn’t see value and where government regulations have failed. As a result, risk management becomes even more crucial in these high-risk environments with limited resources.

Sabrina Segal is a seasoned third-sector integrity risk and compliance advisor with a legal background, currently based in Rwanda as part of an international development and humanitarian assistance team. Her perspective on compliance and risk management in the third sector is that it is inherently high risk due to its operation in areas where the private sector does not see value and where government regulations have failed. Segal believes that the current risk management approaches, which are quantitative-heavy and designed for industries like finance and oil and gas, are not suitable for the third sector, which is more qualitative-heavy.

Drawing from her experiences, she emphasizes the need for bespoke approaches tailored to the specific needs and constraints of small and medium-sized charities and nonprofits. Segal has developed a strategy called objective-centered risk management for the third sector, which focuses on achieving objectives, identifying threats and opportunities, and directly influencing decision-making, viewing her work in compliance and risk management to improve organizations’ overall programming and impact in the third sector.

Segal advocates for an objective-centered approach to risk management in the third sector. This approach focuses on achieving objectives rather than simply creating static risk registers and matrices. By tying risk analysis directly to objectives, organizations can better understand the impact of uncertainty on their goals and make informed decisions. This approach also integrates risk management into project management, recognizing the dynamic nature of risks and their effect on objectives.

Compliance and risk management are essential for any organization, but they are significant in the third sector. Non-profit organizations often rely on public trust and funding, making it crucial to maintain a strong reputation. Compliance ensures that organizations adhere to legal and ethical standards, while risk management helps identify and mitigate potential threats to the organization’s mission and sustainability.

Another approach highlighted by Segal is Active Monitoring and Mitigation. This approach involves identifying and addressing threats and opportunities to achieve objectives. By mapping the causes of these threats and opportunities, organizations can implement active monitoring or mitigation steps to minimize risks and maximize opportunities.

One of the challenges faced by the third sector is the lack of quantitative data for risk analysis. While the finance or oil and gas industries can rely on quantitative tools such as Monte Carlo simulations or Bayesian statistics, the third sector often deals with qualitative data and dynamic systems. Segal emphasizes the need for bespoke approaches that work well for charities and nonprofits, tiny and medium-sized organizations with limited resources. She suggests using quantitative tools where possible and creating data trust in the third sector to improve risk management advice. Organizations can identify and assess potential risks more effectively using data-driven approaches. Risk matrices, statistical analysis, and predictive modeling can help quantify risks and prioritize them based on their likely impact. This allows organizations to allocate resources efficiently and make informed decisions to mitigate risks.

Active monitoring and mitigation involve continuously monitoring potential risks and proactively addressing them. Rather than waiting for risks to materialize, organizations in the third sector should adopt a proactive approach. This includes regular assessments, monitoring key performance indicators, and implementing control measures to prevent or minimize the impact of identified risks. By actively monitoring and mitigating risks, organizations can ensure the smooth operation of their programs and protect their stakeholders.

Risk analysis should be closely tied to an organization’s objectives in the third sector. By aligning risk analysis with objectives, organizations can prioritize risks that have the most significant potential to hinder the achievement of their mission. This involves identifying the risks that could impact the organization’s ability to deliver its programs or services. By linking risk analysis to objectives, organizations can develop targeted strategies to manage and mitigate these risks, ensuring the successful fulfillment of their mission.

In addition to risk management, compliance is another critical aspect of the third sector. Segal highlights the role of lawyers and compliance professionals in ensuring restorative justice and breaking the cycle of vengeance. By including all stakeholders and giving voice to the voiceless, lawyers and compliance professionals contribute to the success of restorative justice initiatives and create durable solutions in post-conflict environments.

Overall, compliance and risk management in the third sector require tailored approaches that consider charities and nonprofits’ unique challenges and limited resources. By focusing on objectives, actively monitoring and mitigating risks, and considering unforeseen risks, organizations in the third sector can improve their programming and significantly impact the communities they serve.

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Great Women in Compliance

Great Women in Compliance – Gitanjali Sakhuja on Dancing and Diplomacy in Compliance

Welcome to the Great Women in Compliance Podcast. In this episode, Hemma Lomax visits with Gitanjali Sakhuja, a Fractional Chief Compliance and Ethics Officer based in Washington, D.C. In her current role, Gitanjali works with small to mid-cap companies and nonprofits in the strategic implementation and management of their ethics and compliance programs. Gitanjali mentors regularly with StreetWise Partners, hosts Compliance Socials, a DMV-based community for ethics and compliance professionals and is currently also founding a path for Eyesea, an app mapping pollution in the oceans. She previously worked for the United Nations Development Programme in New York, Geneva, and Jakarta, and both UNICEF and Maersk in Copenhagen. Gitanjali received her J.D. from the Santa Clara University School of Law and is CCEP certified.

Gitanjali is a passionate lawyer with a unique approach to compliance and diplomacy, known for her creative infusion of dance into her work. Gitanjali’s perspective on the “dancing lawyer’s unique approach to compliance and diplomacy” is rooted in her belief that her passion for dance enhances her compliance skills and fosters a positive collaborative atmosphere. She likens the unique rhythm and movement of every dance to the tailored approach required in her compliance work, seeing a synergy between the two. Gitanjali’s experiences in diverse communities and international organizations have shaped her belief that all complex problems can be solved by understanding the intricacies of business and finding creative, practical solutions with business partners. Join Hemma Lomax and Gitanjali Sakhuja on this episode of Great Women in Compliance to delve deeper into her unique approach.

Key Highlights:

  • The Vibrant Connection: Dance and Compliance
  • The Dance of Diplomacy: A UN Career
  • Creative Problem Solving for Compliance Success
  • Leveraging relationships for impactful influence
  • Leveraging diverse experiences for diplomatic superpowers
  • Harnessing Influence: Empowering Change Through Collaboration

Resources:

Join the Great Women in Compliance community on LinkedIn here.

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Blog

Promoting Neurodiversity and Gender Equality in the Workplace: A Path to Inclusion and Success

In a recent Great Women in Compliance episode, hosts Ellen Hunt and Sarah Hadden were joined by guests Asha Palmer and Jason Meyer. They took a deep dive into the important topic of promoting neurodiversity and gender equality in the workplace. The episode shed light on the challenges faced by neurodivergent individuals, such as those with ADHD, autism, and dyslexia. It emphasized the need for understanding, inclusivity, and accommodation in the corporate world.

Asha Palmer is the Senior Vice President of Compliance Solutions at Skillsoft, overseeing the development and strategy of compliance learning solutions. With a passion for advancing the ethics and compliance community, Asha has dedicated her career to developing effective ethics and compliance programs for numerous companies worldwide. She is known for her program development, training, engagement, and risk assessment expertise. Asha’s commitment to promoting neurodiversity and gender equality in the workplace is evident through her contributions to the Great Women in Compliance podcast, where she discusses the challenges compliance professionals face in handling neurodivergent employees. She emphasizes the importance of risk assessment, awareness, and legal accommodations to create an inclusive and supportive work environment.

Jason Meyer is a prominent figure in promoting neurodiversity and gender equality in the workplace. He is the founder and President of Lead Good Education. Meyer has a wealth of experience supporting organizations in creating inclusive work environments. In 2023, he took a significant step towards this goal by launching the NeuROInclusion Initiative, a joint effort by his companies to embrace and include neurodivergent individuals in the workforce. With his expertise in producing custom education and engagement support for compliance teams and enhancing higher education compliance programs, Meyer actively promotes neurodiversity and inclusive practices through workshops, best practices, and expert counsel.

Neurodivergent individuals often process information differently, which can both benefit and challenge them in various work situations. Some individuals may even mask their neurodivergent traits, making it difficult for others to recognize their unique needs. However, creating a neuro-inclusive culture ensures everyone feels safe and empowered to express their needs and contribute to the organization’s success.

One of the key takeaways is the importance of compliance and ethics professionals in raising awareness about the risks associated with neurodivergence. By increasing awareness among teams, these professionals can help create a supportive environment that caters to the needs of neurodivergent individuals. This includes providing varied and digestible compliance training options accommodating different learning styles.

They also touched upon the issue of gender equality in the workplace, specifically highlighting the “pink tax” that women often face. The “pink tax” refers to the additional costs women may incur for products and services marketed towards them. This disparity not only affects women’s financial well-being but also perpetuates gender stereotypes and expectations.

To address these challenges, it is crucial to challenge gender expectations and create a culture of psychological safety. It is essential to encourage a culture where individuals feel comfortable speaking up and advocating for their needs. Compliance professionals, in particular, play a vital role in fostering this culture by promoting open communication and ensuring that policies and practices are fair and inclusive.

One of the key messages is the need to recognize and embrace neurodiversity as a natural part of the human experience. As Palmer stated, “We are a neurodiverse species.” By acknowledging and celebrating our differences, we can create a workplace that is good for all and critical for some. This means adopting approaches and practices that benefit everyone while also addressing the specific needs of neurodivergent individuals.

However, promoting neurodiversity and gender equality in the workplace comes with its own set of challenges. One of the main challenges discussed is the identification and inclusion conundrum. Neurodivergent individuals may not always disclose their condition due to fears of stigma, discrimination, or unrealistic expectations. Therefore, it is not possible to identify all neurodivergent employees, making it ineffective to impose separate training or burdens on them. Instead, the focus should be on creating a neuro-inclusive culture that benefits everyone.

Another challenge is the need for compliance and ethics professionals to consider the risks associated with neurodivergence. This includes understanding how neurodivergent employees interact with management, HR, and each other and ensuring that appropriate accommodations are provided when necessary. It is a nuanced challenge that requires a thoughtful and individualized approach.

In conclusion, promoting neurodiversity and gender equality in the workplace is a matter of fairness and inclusivity and a path to success. By embracing neurodiversity and challenging gender expectations, organizations can tap into all their employees’ unique strengths and perspectives. Compliance and ethics professionals are crucial in raising awareness, fostering a neuro-inclusive culture, and ensuring that policies and practices are fair and inclusive. As Sarah Hadden aptly stated, “Small steps, but big impact.” Through these small steps, we can create a workplace where everyone feels seen, valued, and empowered to reach their full potential.

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Great Women in Compliance

Great Women in Compliance: Bets Lillo on Compliance and Boards of Directors

Welcome to the Great Women in Compliance Podcast. In this episode, Lisa Fine visits with Bets Lillo about her experience on a corporate Board of Directors and how to utilize an ethics and compliance background to maximize your opportunities to serve on a Board of Directors.

Bets is an engineer and corporate executive with a rich background in sales, technology, finance, operations, and M&A. She is a recognized expert in risk management. She brings a unique perspective on the role and value of compliance professionals in enterprise transformation, believing that they can bring extraordinary value to boards due to their broad understanding of business operations. She emphasizes the importance of compliance professionals being effective because of their experience in an influence and collaboration context, as they focus on being creative, recognizing ethical decision-making, and reducing risk. She also encourages compliance professionals to enhance their qualifications by obtaining a board certification from a credible organization. Join Lisa Fine and Bets Lillo on this episode of the Great Women in Compliance podcast for her insights into how to become a viable candidate for board service and how to succeed in that role.

Key Highlights:

  • Maintaining Operations and Compliance During Transformation
  • The Strategic Value of Compliance Professionals
  • Elevating Compliance Professionals on Board: Expert Listeners and Observers
  • Building Relationships for Board Opportunities
  • Transitioning to Corporate Boards through Nonprofit Experience

Resources:

Join the Great Women in Compliance community on LinkedIn here.