Institute for Compliance
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.
Spring 2016 Classes
Course information for Compliance-related classes is now available. Click here to learn more about recommended classes.
Classes Related to Compliance
Compliance in Financial Institutions
Compliance in Consumer Finance
Professional Responsibility: Business Ethics
Futures and Derivatives
1st Annual Clearing Corporation Charitable Foundation Conference: “Building a Compliance Culture in Today’s Financial Institutions — Recent Issues and Developments”
Please save the date and join us on Friday, March 3, 2017, for the 1st Annual Clearing Corporation Charitable Foundation Conference on financial institution compliance.
The field of financial institution compliance is entering a new era of uncertainty. What are the implications of the potential changes in the regulatory structure governing the financial markets for a firm’s compliance culture? How can banks and other intermediaries meet the new regulatory expectations? Come learn about recent trends and the upcoming challenges facing compliance professionals in this new environment. “Building a Compliance Culture in Today’s Financial Institutions: Recent Issues and Developments,” scheduled to begin at 2 PM, Friday, March 3, 2017, will explore these and related issues. The plenary speaker will be Judge Jed Rakoff (S.D.N.Y.), a nationally renowned jurist, and the panel will be comprised of leading experts who come to the compliance field from a wide variety of perspectives, including the government, the finance industry, and the academy.
John Walsh. Partner, Sutherland Asbill. At the SEC, John played a key role in creating the Office of Compliance Inspections and Examinations (OCIE) and served as the OCIE’s acting director in 2009.
Jesse Eisinger. Senior reporter at ProPublica. Co-winner of the 2011 Pulitzer Prize for National Reporting for a series of stories on questionable Wall Street practices.
Charles Senatore. EVP for Regulatory Strategy, Fidelity Investments and global head of compliance at Fidelity. Previously Co-Head, Global Compliance at Merrill Lynch. Chaired the board of the National Society of Compliance Professionals.
Donna Nagy. Executive Associate Dean for Academic Affairs and C. Ben Dutton Professor of Law at Indiana University Maurer School of Law.
David Glockner. Regional Director at the SEC, Chicago, Illinois since December 2013. Worked at U.S. Attorney's Office Chief of the Criminal Division, where he served as lead prosecutor for a wide range of investigations and prosecutions, including significant financial institution fraud, securities fraud, and public corruption.
Empire of the Fund - Book Release - Monday, October 24
Join Chicago-Kent Professor William A. Birdthistle and a panel of experts on October 24, when they will discuss his new book, Empire of the Fund: The Way We Save Now. Empire of the Fund is an exposé of the way we save now, with proposals to fix it. The United States has embarked upon the riskiest experiment in our financial history: to see whether millions of ordinary, untrained citizens can successfully manage trillions of dollars in a system dominated by skilled and powerful financial institutions.
The program will be followed by a reception and book signing. Program at 5:00 pm with reception at 6:30 pm in the Chicago-Kent College of Law Ogilvie Auditorium. For more information click here
8th Annual Conference on Futures and Derivatives
Join us on Thursday, October 20th, for the 8th Annual Conference on Futures and Derivatives.
We are experiencing a time of rapid technological change in the futures and derivatives industry. Come learn what you need to know and how to stay on top of these changes. Also get regulatory updates and learn recent trends in enforcement all while networking with peers, gaining access to leading professionals, and earning CLE, CPE, CCB, CFE, and CSCP credit.
For more information, including how to register, download the 8th Annual Conference on Futures and Derivatives Brochure.
Compliance Chat with Richard Shulman
Join us on Tuesday, September 20, at 12:00 pm in room 345 for pizza and to learn more about the exciting and growing field of Compliance!
Join the Chicago-Kent Institute for Compliance for our first career chat of the academic year with Richard Schulman, the Assistant Director at the Financial Industry Regulatory Authority (FINRA). FINRA's Market Regulation Department monitors trading activity on various markets and stock exchanges to ensure that the trading is consistent with the relevant rules. In his current role as Assistant Director, Richard oversees a team of regulatory analysts as they conduct investigations into potentially illegal trading activity, focusing on investigations of trading in Exchange Traded Products such as ETFs. Richard is a 2010 graduate of Chicago-Kent.
6th Annual BSA/AML Conference
Join us on Friday, October 7, for the AMLA full-day conference to be held at IIT Chicago-Kent College of Law.
The AMLA full day BSA/AML conference is designed to keep you up to date and well informed. It is a venue where you can network with others and gain knowledge on important issues. The conference is a MUST for everyone in the field of BSA/AML Compliance, Risk Management, Fraud, Security, Legal, and AML Investigation.
For more information and to register, visit the AMLA online here
IIT CHICAGO-KENT GRADUATES FIRST CLASS IN
ONLINE CERTIFICATE PROGRAM IN FINANCIAL MARKETS COMPLIANCE
CHICAGO-July 29 2016-IIT Chicago-Kent College of Law has graduated its first class in its seven-month online certificate program in Financial Markets Compliance (FMC). This is among the first programs in the country to provide prospective and entry-level compliance professionals with a deep understanding of the field as it applies across different types of financial institutions.
"Effective compliance requires, first, a firm analytical understanding of the regulatory expectations governing a regulated entity, and second, the ability to design and implement a compliance system that satisfactorily meets these regulatory expectations in light of the compliance risks arising from a company's particular business model," says Alexander Dill, Director of the FMC certificate program and also one of its professors. "Our current students are highly qualified professionals, many of whom have advanced degrees."
The first graduating class praised the program for giving them a deeper understanding of the financial markets and regulators' compliance expectations. In the words of one student, the certificate was "by far the best program" since her MBA. Another said course materials were in depth and cover the relevant areas of financial markets compliance with real-life examples from the industry. He added that students and faculty engage in a robust dialogue in the weekly discussion forums and that course content and the professors were "top notch."
The program helps students to identify regulatory and business risks in their company that present material compliance concerns and to determine how best to resolve them. The program is geared toward the new graduate seeking entry into the compliance field, the relatively recent compliance hire, and the seasoned professional who desires to transition to a career in compliance. .
For more information about Chicago-Kent's online certificate program in Financial Markets Compliance, please visit compliance.kentlaw.iit.edu.
Founded in 1888, IIT Chicago-Kent College of Law is the law school of Illinois Institute of Technology, also known as Illinois Tech, a private, technology-focused, research university offering undergraduate and graduate degrees in engineering, science, architecture, business, design, human sciences, applied technology, and law.
IIT Chicago-Kent's Institute for Compliance is the first institute of its kind located in a law school. The institute 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.
Compliance Industry Trends Panel
Join us for a panel discussion on Compliance Industry Trends and stay to network with other alumni in the compliance field and students seeking similar career paths.
Wednesday, February 3, 2016 | 5-7:30 p.m.
Ryan Fiedler '13, JP Morgan Chase
Lauren Friedlen '13, Chicago Board Options Exchange
Kara Ryan '15, Avant, Inc.
Richard Shulman '10, FINRA
Matthew Wheeler '08, DLA Piper
Erica Yee '12, Citi
This program is sponsored by the Institute for Compliance in Financial Markets, the Career Services Office and the Chicago-Kent Alumni Association.
For more information and to register, click here.
Compliance Chat with Michelle Comella
Tuesday, November 10, 2015 at 12:00pm in Room 270
Join us for pizza and a discussion with Michelle Comella, an attorney, compliance officer and risk manager with 25 years experience working with diverse financial institutions including broker-dealers, clearing firms, investment advisers, investment banks and transfer agents.
Compliance Chat with Lilly Farahnakian
Tuesday, October 13, 2015 at 12:00 pm in Room 370
Join us for pizza and a discussion with Lilly Farahnakian, Global Chief Compliance Officer for GCM Grosvenor. Ms. Farahnakian leads the firm's Compliance Team and is responsible for ensuring that the firm maintains compliance with various federal, state, and international regulations. Prior to joining GCM Grosvenor she was a Managing Director and Assistant General Counsel at JPMorgan Chase. During this time, she was also Head of Regulatory and Compliance functions for Research, Americas Investment Banking, Americas Control Room, and Disclosure of Interest.
7th Annual Conference on Futures & Derivatives
Thursday, October 15, 2015
It is a time of new rules and continuous, evolving, sometimes confusing change. Gain real access to leading professionals from the CFTC, CME Group, NFA, DOJ and many more in this highly interactive boutique conference setting.
·Current Regulatory Issues
·Recent Trends in Enforcement
·Hot Topics in FCM Compliance
·Hot Topics in Proprietary Trading Firms
·Anatomy of Trading Investigation (ethics)
IIT Chicago-Kent College of Law
BEFORE Thursday, October 08, 2015: $410.00 per person
Regular Registration Fee: $450.00 per person
Alumni Price: $340.00 per person
Government Price: $340.00 per person
5.75 hours of Illinois MCLE Credit, including 1 hour of Ethics
6.75 hours of Pennsylvania MCLE Credit, including 1 hour of Ethics
NEW THIS YEAR!
This Conference May Also Be Eligible For:
CFE Credit (Certified Fraud Examiner)
CSCP CEU Credit (Certified Securities Compliance Professional)
CCB CEU Credit (Compliance Certification Board)
5th Annual BSA/AML Conference
Friday, October 2, 2015
Chicago-Kent College of Law, Auditorium
The Anti-Money Laundering Association (AMLA) and the Chicago-Kent Institute for Compliance are co-presenting a full-day BSA/AML conference at Chicago-Kent.
More information to be announced.
Elements of the Institute
The Institute for Compliance holds a number of lectures and conferences related to current issues involving compliance. These events provide free CLE credit and are open to the public.
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.
The Institute for Compliance has created a curriculum for those students interested in compliance. The Institute arranges for a number of semester-long courses that are offered to IIT Chicago-Kent students. Chicago-Kent course offerings include Introduction to Compliance, Futures and Derivatives Regulation, Securities Regulation, Banking Regulation and Business Ethics.
Internships and Externship Opportunities
Internships and externships in compliance departments are crucial for training students so they acquire real-word, everyday experience regarding how compliance departments function and the types of issues those departments handle. The Institute for Compliance seeks to foster and find compliance-related internship and externship opportunities for Chicago-Kent students.
Drawing upon an extensive network of alumni in the compliance field, the Institute for Compliance curates a selection of job listings for graduates looking to build a career in compliance.
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.
Abby Schwartz Eisenberg is assistant director for the Institute for Compliance. She can be reached at email@example.com.