All posts tagged: Compliance

Center for Compliance and Ethics Summer Fellowship | Student Perspectives

This past summer, several Temple Law students completed the Center for Compliance and Ethics Summer Fellowship. They shared their experiences here: Dave Garton LAW ’23 – Lincoln Financial Group  My experience was fantastic, and I would recommend it to anyone regardless of their specific legal interests. I had opportunities to work with Lincoln Financial Group’s business units to update HIPAA compliance guidelines, with the financial advisory group on tracking and updating client compliant client disclosures, and on traditional legal memos and research questions for the litigation team. I also had opportunities across the legal department and have already benefited from references to OCI firms and have been offered contacts at firms of all sizes in the area. Lincoln’s legal department was helpful and considerate from those I worked with directly up to the Chief Counsel and other heads of departments. They all did a good job of keeping the internship engaging in a virtual environment, but I imagine it would only be better in person. Molly Herbison LAW ’22 – Otsuka I had a great experience at Otsuka. Over the …

Center of Compliance and Ethics brochures on a deck

Ethics Awareness Month

March, which marks Ethics Awareness Month, gave us at the Center for Compliance and Ethics the opportunity to reflect on the importance of organizational ethics. Unethical behavior damages organizational reputations, lowers employee morale, and erodes public trust. Effective compliance and ethics programs built on an ethical culture and led by compliance and ethics officers are essential to the success of any organization. The role of a compliance and ethics officer today is interesting and complex, necessitating an understanding of law and regulatory expectations, the drivers of organizational culture and individual behavior, and the ability to grasp evolving business strategies.  Compliance and ethics is also a rapidly growing profession, projected to increase in the U.S. alone by 4.6 percent between 2019 and 2029. In recognition of these trends, Temple Law established the Center for Compliance and Ethics in 2015 with the goal of improving the understanding and practice of compliance and ethics across disciplines, industries, and sectors.  The Center o­ffers a comprehensive compliance and ethics curriculum, experiential learning opportunities, and summer fellowships to students and executive …

Center for Compliance and Ethics Practicum

One of the benefits of being a Temple Law student is the opportunity to step out of the classroom and work in the field with practice area experts. As a participant in the Center for Compliance and Ethics Practicum, I have had the opportunity to build fundamental skills in healthcare compliance. Through the efforts of Professor Jon Smollen and Bea Raccanello, of the Center for Compliance and Ethics at Temple Law, I have been given the opportunity to intern with Temple University Health System and experience the day-to-day work of a compliance department in a major healthcare entity. No textbook or class discussion can measure up to the benefits of an experience like this one. I have been working at Temple University Health System in the Office of General Counsel, specifically with Senior Counsel, Corporate Compliance and Privacy Officer, Maribel Valentin. At Temple Health, I am gaining firsthand experience in understanding the compliance and regulatory risks of a major healthcare organization. I am actively learning and working in privacy matters related to HIPAA and HITECH. …

The Rise of FinTech and Compliance

An important transformation is happening in the financial industry. The rise of new technology and compliance has dramatically altered many of the key functions and functionaries of modern finance. Artificial intelligence, algorithmic programs, and supercomputers, instead of human actors, now constitute the core of many financial operations. At the same time, compliance officers have become just as critical to financial institutions as traders, bankers, and analysts. Finance as we knew it has changed and continues to change. My recent article, Compliance, Technology, and Modern Finance, offers a detailed commentary on these unfolding changes—the crosscutting developments in compliance, technology, and modern finance. It examines the concurrent and intersecting ascents of new financial technology and compliance as well as the potential perils linked with their ascents. It also highlights the larger implications of the changing financial landscape due to the growing roles of new technology and compliance. In particular, it focuses on the challenges of financial cybersecurity, the integration of technology and compliance, and the role of humans in modern finance. The modern financial industry is ostensibly …