The Compliance Files

Season 4: Episode 10 - International Women's Day – Inspire Inclusion Part 1

In advance of International Women’s Day on Friday 8^th March, Jacquie Ryan, Program Manager, PAT Business School and member of the Institute’s D&I Committee speaks with Maria Walsh, Member of the European Parliament for Midlands-North-West Constituency - Fine Gael & EPP Group.

On this week’s episode Maria discusses, the Gender Pay Gap, outlines financial security and STEM advances for women as mentioned in the EU Parliament Podcast, Pink Tax, the work being done on cyber-crime and effects on cyber-crime on women. Looking at Maria’s role in politics Maria advised how we can encourage women to work in politics or to seek leadership positions and gives advise on achieving a work life balance.

Season 4: Episode 9 - IAF – Learnings from Implementation So Far - Part 2

On this week’s episode of the Compliance Files Podcast series, Kathy Jacobs, former President, Compliance Institute speaks with Azariah Nukajam, Associate Director, fscom in relation to the current position in Ireland and describes the main themes or challenges encountered by her clients.

Looking at the Consultation Papers, CPs 153 and 154, Azariah takes the Duty of Responsibility and outlines what this means, and how you would go about implementing it in practice. Azariah describes the challenges where a firms business model relies on outsourcing and gives her advice to anyone struggling with implementation at this point. Azariah details in her view, what the future for these regimes looks like.

Season 4: Episode 8 - IAF – Learnings from Implementation So Far - Part 1

On this week’s episode of the Compliance Files Podcast series, Kathy Jacobs, former President Compliance Institute speaks with Azariah Nukajam, Associate Director, fscom about what we can learn from the international accountability regimes. In this episode Azariah outlines where we are now in the process of rolling out the IAF regime and where in-scope institutions should be at this stage. Azariah then turns to the international perspective – countries that have accountability regimes implemented and takes us through a few of these regimes. Azariah advises on how these regimes have been regarded by industry in these jurisdictions and in her view what has been a successful regime. Azariah then outlines what enforcement she has seen in other jurisdiction and what firms can learn from the international roll out and experience.

Season 4: Episode 7 - AI and Ethics

In today’s episode of the Compliance Files podcast series, Kathy Jacobs, former President, Compliance Institute speaks with Rachel Finn, Director, Data Protection and Cyber-risk Services at Trilateral Research Ltd. and Zachary Goldberg, Ethics Innovation Manager at Trilateral Research Ltd on the topic of AI and Ethics.

In this podcast they define AI, and what the risks, threats and benefits are. They take us through where we are at with AI regulation and in the absence of AI regulation what role does ethics play. They outline the ethical dilemmas someone designing an AI solution face could come across and they take us through how to go about making an ethical decision in relation to AI in a financial services context. They also look forward and describe the developments will we see in AI in financial services and in AI regulation.

Season 4: Episode 6 - Careers in Fintech

In today’s episode of the Compliance Files podcast series, Siobhain Ivers, Senior Director, Deputy Chief Compliance Officer, Etsy and Chair of Compliance Institute’s Fintech and Payments Working Group speaks with Michelle McGuire, Head of Risk and Compliance, valid8Me, and Greg James, Senior Manager, fscom and Member of Compliance Institute’s Fintech and Payments Working Group on the topic of Careers in Fintech.

In this podcast they outline what drew them to a career in Fintech and what advice they have for anyone thinking about breaking into a career in Fintech. They discuss what kind of qualifications help you in a Fintech career and the benefits of ongoing professional education and speak about their own educational journey. They also delve into the advantages and disadvantages of a career in Fintech and the advantages of networking and offer practical advice for networking.

They also describe who has influenced their careers, the challenges that the industry is facing in the next 12-24 months and what is the best career advice that they have received

 

Season 4: Episode 5 - The Importance of ESG in Financial Services

In today’s episode, Kathy Jacobs, former President of Compliance Institute speaks with Andrew Murphy, Co-Founder of Coopman Search & Selection on the importance of ESG in Financial Services. Andrew outlines the ESG opportunities for financial services firms and how firms can realise their full potential of the ESG agenda. Andrews describes how important training and education is in ESG for professionals working in financial services and provides insights into what is happening in the market in relation to ESG career opportunities. Andrews talk to us about the role of the Chief Sustainability Officer (CSO) - what is it and where it sits in an organisation. Andrew explains how firms can further demonstrate that they are embracing sustainability and embedding the obligations. Andrew also looks to the future and advise what he sees as the evolving role of the compliance professional in ESG and indeed the evolving role of the sustainability team and CSO. Andrew also describes how Coopman as a BCorp Certified Company is committed to using business as a force for good, advocating for companies to begin their B-Corp journey, so they too may ensure that they meet the highest standards of verified social and environmental performance, public transparency, and legal accountability.

Season 4: Episode 4 - Outsourcing Part 2

In today's episode, host Kathy Jacobs, former President of Compliance Institute speaks with Barry Rojack, Head of Regulatory Compliance and Risk (Banking) SalesSense International to discuss Outsourcing from the view of an outsourcer providing support to regulated banks and financial services entities.

Barry outlines his career journey at the Central Bank of Ireland and regulated firms and the challenges and the similarities and differences in working in a regulated environment and in an Outsource Service Provider (OSP). Barry delves into what the drivers of outsourcing to an OSP are, and what compliance, conduct and risk concerns can arise and also describes what factors regulated financial services providers should take into account when choosing a provider for their outsourced services. Barry defines what a successful OSP relationship looks likes and how firms can successfully address issues in the relationship. Barry provides his insights into the importance of ESG in the OSP value chain and what he sees as the main developments in the short to medium term in outsourcing.

Season 4: Episode 3 - Outsourcing Part 1

In this week’s episode of the Compliance Files Podcast Series, host Kathy Jacobs, former President of Compliance Institute speaks with Seán O’Driscoll, Associate Director, Risk Management and Internal Audit, Financial Services Advisory at Grant Thornton Ireland on the topic of Outsourcing and its associated risks. 

In this episode, Seán defines what outsourcing is and how does it differs from other third party relationships. Seán also takes us through the typical lifecycle of an outsourcing arrangement and the various regulator’s evolving concerns and responses. Seán outlines the current regulatory framework for outsourcing including the Central Bank of Ireland's expectations. Seán describes the key risks that outsourcing presents and advises how important risk assessments are in managing outsourcing risk and the main challenges in managing outsourcing risk. Seán provides an insight into is the role of the Board in outsourcing and what developments to look out for in the short to medium term in outsourcing and describes the main themes and takeaways for Compliance Professionals overseeing outsourcing regulatory risk in their firm.

Season 4: Episode 2 - Digital Operational Resilience Act (DORA) Part 2

Operational Resilience is placing obligations on firms to be prepared for disruptive events in order to recover quickly and reduce harm to customers and the market.  In this episode of the Compliance Files Podcast series, host Kathy Jacobs, former President of Compliance Institute speaks with Will Finn, Senior Manager, fscom on the topic of Operational Resilience. Will outlines why regulators are focusing on Operational Resilience now and gives advice on what Financial Services firms have to do and describes and takes us through the steps of what an Operational Resilience programme is.

Season 4: Episode 1 - Digital Operational Resilience Act (DORA) Part 1

In today’s episode, Kathy Jacobs, former President of Compliance Institute speaks with Chris Martin, Of Counsel, Financial Regulation and Compliance, A&L Goodbody and Chair of Compliance Institute’s Central Steering Committee on the topic of DORA and Chris gives us an understanding about the regulatory framework around operational and IT resilience.

Chris outlines the backdrop to regulating for IT and operational resilience and provides an overview of how has the regulation developed and sets out the current legal framework. Chris also advises if the Central Bank has conducted any inspections or other regulatory or supervisory interventions and what have we learnt from enforcement action in this area. Chris takes us through the are the sanctions at the regulators disposal and also looks to the future and what developments can we expect from in the short - medium term.