Institute for Compliance
Mission
The Institute for Compliance promotes careers in financial compliance, trains and prepares students for such careers, increases knowledge of the importance of compliance, and provides various events for the Chicago-based compliance and legal community. It is the first institute of its kind located in a law school.
Elements of the Institute
Classes
The Institute arranges for a number of semester-long courses to be offered to IIT Chicago-Kent students. In fall 2011, course offerings included an introductory course on compliance in financial institutions, taught by Jeffrey Reitman, the former head of compliance at J.P. Morgan Chase, and a course on the regulation of derivatives and futures. Other relevant courses included securities and banking regulation.
For spring 2012, we will be offering Introduction to Compliance, which will be taught by Robert Scales, general counsel and chief compliance officer of the Acorn Funds, a $30 billion family of mutual funds. Derivatives and Futures Regulation will also be offered along with other classes involving the regulation of financial instututions and products. In conjunction with the IIT Stuart School of Business, Professor Michael Gorham will be teaching Global Financial Markets.
Lecture Series
These lectures, each of which involve some aspect of compliance, are open to the public and provide free CLE credit.
February 28, 2013, 5:30 to 6:30 p.m., 10th floor event room
"The Global Regulation of Financial Markets"
Michael Mann, Partner, Richards Kibbe & Orbe LLP
Mr. Mann established RK&O's Washington, D.C., office in 1996. His legal practice focuses on international securities regulation and enforcement and the cross-border conduct of business. He provides strategic advice and counseling to clients engaged in business subject to regulation in the United States and throughout the world.
Read Mr. Mann's full bio...
March 14, 2013, 5:30 to 7 p.m., 10th floor event room
Hot Topics: Consumer Compliance in Banking
This panel is open to the public, and free CLE credit is available.
Moderator
- Joseph Silvia, Counsel, Federal Reserve Bank of Chicago
Confirmed Panelists
- Julie Williams, Senior Vice President, Federal Reserve Bank of Chicago
- Karen Kothari Barnes, Director and Senior Counsel, Discover Financial Services
- John Geiringer, Partner, Barack Ferrezzano Kirschbaum & Nagelberg LLP
March 27, 2013, 3:00 to 5:30 p.m., 10th floor event room
Careers in Derivatives and Compliance Law
A panel of attorneys will talk about their positions and future opportunities in derivatives and compliance law. Co-sponsored by the Corporate Law Society.
April 3, 2013, 5:00 to 6:00 p.m., 10th floor event room
"Perfect Hedge"
- David Chaves, Senior FBI Agent and Program Manager, FBI Corporate and Securities Fraud Unit
Mr. Chaves is considered the chief strategist in coordinating the most significant Wall Street investigations over the last decade including Perfect Hedge, Galleon, Bernie Madoff, and Worldcom. Agent Chaves introduced the use of wire taps and other sophisticated techniques in securities cases and is considered a subject matter expert.Past Events:
Internships/Externships
Internships/externships in compliance departments are crucial for training students so they acquire a strong background in compliance, including the real-word, everyday experience of how compliance departments function and the types of issues that they handle. The Institute seeks to foster and find such opportunities for Chicago-Kent students.
Part Time Law Clerk Opportunity: HFR Asset Management, LLC
Description:
An SEC registered investment adviser seeks a 1st or 2nd-year student interested in securities law and regulation. The law clerk will assist the legal and compliance department as necessary and may be requested to conduct legal research and analysis, prepare memoranda and legal documents, perform limited contract reviews, produce draft contract language, and assist with the due diligence for sub-advisers. Full-time summer opportunity, otherwise 15-20 hours per week.
Contact info:
Send a cover letter and resume to cfong@hfr.com.
Externship Opportunity: Hinshaw & Culbertson LLP Summer Extern
Hinshaw & Culbertson LLP is a national law firm founded in 1934 with more than 480 lawyers. The Firm is headquartered in Chicago and maintains 24 offices in 12 states. Hinshaw & Culbertson LLP offers full-service practice, with an emphasis in litigation, corporate and business law, environmental, labor and employment law, professional liability defense, and wealth preservation and taxation matters. The Chicago office is seeking a summer extern to work in the Government Practices group; the extern will be exposed to compliance and regulatory matters, internal investigations, and some litigation. Apply by submitting your cover letter and resume to Prof. Felice Batlan at fbatlan@kentlaw.edu. Please do not contact the office directly. Current 1Ls and 2Ls may apply.
Externship Opportunity: Illinois Bankers Association Summer Extern
Employer: Illinois Bankers Association, 194 East Delaware Place, Suite 500, Chicago, IL 60601
Contact: Carolyn Sorock
Deadline to apply: 4/8/13
Open to: Rising 2Ls and Rising 3Ls
Required materials: Cover letter, resume, unofficial transcript
GPA requirement: 3.0 and above
Submit applications to: csorock@ilbanker.com
Founded in 1891, the Illinois Bankers Association (IBA) is a non-profit, industry trade association dedicated to creating a positive business climate for Illinois banks and the communities they serve. The IBA's membership includes several hundred state and national banks and savings banks of all sizes located throughout Illinois, as well as over two hundred associate member organizations that provide products and professional services to IBA members.
The IBA's Law and Compliance Department assists IBA members with regulatory and compliance issues through educational presentations and programs, a toll-free compliance hotline (which receives inquiries on a daily basis), and a compliance website providing information on the latest banking regulatory and compliance practice developments.
The summer extern would assist the IBA Law and Compliance Department by researching bank regulatory compliance issues, reviewing new laws, regulations and ordinances, and drafting short news items for the IBAs compliance e-newsletters and compliance website. Work performed by the extern will be reviewed and evaluated by the IBA's Associate Counsel, Carolyn Sorock.
Compliance Career Conversations
Chicago-Kent has numerous alumni who work in compliance—some in very senior positions. Using these connections, the Institute hosts a series of relatively informal discussions about careers in compliance for students and alumni.
Past Events:
Board of Advisors
The Institute's Board of Advisors consists of leading practitioners in the compliance field, including general counsels at major investment banks, numerous chief compliance officers, partners at law firms, and former regulators.
Leadership
Professor Felice Batlan is director of the Institute for Compliance. She can be reached at fbatlan@kentlaw.iit.edu.
Abby Schwartz Eisenberg is assistant director for the Institute for Compliance. She can be reached at aeisenb3@kentlaw.iit.edu.
Careers in Compliance
Click here for compliance-related job links.
Click here for a commodities, futures and derivatives law job-hunting guide.