Herbalife reserves $123 million to settle China FCPA investigation
Article’s Link: https://fcpablog.com/2020/05/08/herbalife-reserves-123-million-to-settle-china-fcpa-investigation/
Date Article Last Visited: 17/06/2020
Part 1: The Relationship between Compliance, Ethics, and the Law
Part 2: Recent Compliance Problem and Enforcement Action in the Article Selected
Part 3: Compliance and Ethics Work as Professional Careers
Website: ZipRecruiter.com
Date: 17/06/2020
Job: Ethics Specialist
Pay: $35,917 to $77,116 Yearly
Educational Requirements: Specialized in Federal Service, have at least reached the GS-7 grade level.
OR
A Master’s degree or an equivalent graduate degree.
Responsibilities: The Ethics Specialist will be involved in reviewing the firm’s financial disclosures, external activities, acceptance of gifts and other forms, which should be filed in accordance with the FDA employees’ standards to ensure that they comply with relevant laws and regulations. The Ethics Specialist will also be involved in offering guidance to FDA staff on issues related to ethics.
Website: ZipRecruiter.com
Date: 17/06/2020
Job: Principal Counsel, Ethics
Pay: $73,366 to $160,218 Yearly
Educational Requirements: Law degree and admission to the bar. Top academic credentials.
Responsibilities: Independently counsel senior executives and senior managers in departments across the company regarding complex conflicts of interest questions raised to the Ethics Office. Present recommendations regarding solutions and outcomes for significant conflicts issues to the Ethics Director and VP; take a leadership role in proactively identifying patterns and systemic issues in the FINRA’s conflicts-of-interest policies; proposes and manages the implementation of necessary modifications to such programs; reports to the Ethics Director and VP periodically on the status of the programs under the attorney’s responsibility.
Website: CareerBuilder.com
Date: 17/06/2020
Job: Consumer Compliance Classification: Compliance Officer
Pay: $80,000.00 – $130,000.00 / year
Educational Requirements: Bachelor’s Degree in Business, Finance, or related field.
Responsibilities: Lead consumer compliance function analysis, guidance, and implementation and anticipate compliance trends and integrate regulatory processes. Perform regulatory assessments, assess controls, policies, and regulatory environment while ensuring that all processes are in line with audit requirements and assist with audit preparation.
Website: CareerBuilder.com
Date: 17/06/2020
Job: Compliance Operations Associate
Pay: $35,000.00 – $40,000.00 / year
Educational Requirements: A 4-year college degree
Responsibilities: The Compliance Operations Associate will work with the Director of Compliance to ensure the firm’s compliance and supervision programs function appropriately. They will work closely with the advisors as well, helping build on the firm’s culture of compliance.
I would consider working as a Consumer Compliance Officer based on the job’s working terms, educational requirements, and pay. The client is a global consultancy firm that works with large Banks and Lending firms. With a Consumer Compliance experience and knowledge of credit-related regulatory requirements, I would be in a position to lead consumer compliance function analysis, evaluate business processes, identify patterns across compliance functions, ensure all processes are in line with audit requirements and assist with audit preparation.
I would also consider becoming a Certified Compliance and Ethics Officer. A Certified Compliance and Ethics Officer ensures that a company conducts its business in compliance with laws and regulations set by the governments that relate to that particular industry, professional values, acceptable business practices, and internal ethics. In that case, I would be able to help organizations in managing risks, maintaining their positive reputations, and avoiding penalties. I would also be able to set up an operative compliance program together with my team to help avoid federal prosecution. An effective compliance program is only possible through the dedicated compliance officer, and in this case, a Certified Compliance and Ethics Officer.