Data Analytics Demystified, a 3-part series
Registration links are below the description.
When the DOJ released its latest compliance program evaluation criteria, it broke new ground by adding questions related to data analytics. Companies under DOJ scrutiny could now be asked whether:
- compliance personnel have access to relevant sources of data to allow for the effective monitoring policies, controls and transactions;
- impediments exist that limit access to data sources, if so, what is being done to address those impediments;
- risk assessments are a “snapshot in time” or based upon continuous access to data and information across functions; and
- sufficient information or metrics are collected to detect misconduct and inform the compliance program.
This is a free introductory program for experienced in-house professionals who would like to take an established ethics and compliance program to the next level in terms of effectiveness measurement; understand the practical application of data analytics to activities such as risk assessment, monitoring and investigations; and make the case internally for why and how to get started.
Learning Objectives:
In this three-part series, we’ll peel back the buzzwords around data analytics, and showcase its practical use for you, the in-house ethics and compliance professional. We’ve assembled some of the leading practitioners on this topic who will share their views on:
- The business case for performing compliance data analytics;
- How data analytics can be performed and what insights can get revealed; and
- Best practices to consider as you get started and pitfalls to avoid.
Each session will take on these questions from three different perspectives that can help you think about building a compliance analytics program in house, as part of a consortium or with the help of turn-key software tools.
PART 1: AB-InBev’s Journey to Building an Analytics Consortium (September 14, 2021)
Anheuser-Busch InBev is the world’s largest brewer. Join Matt Galvin, AB-InBev’s Global Vice President, Ethics and Compliance as he profiles the company’s compliance data analytics platform — BrewRight. You’ll also learn about the non-profit consortium being established that will enable other companies to collaborate on using the platform. Read more about the AB-InBev backstory here.
PART 2: Case Studies from Lextegrity: Fraud and Corruption Monitoring (September 21)
Lextegrity is a software as a service company built by compliance professionals to help solve pain points and inefficiencies that companies often experience with compliance pre-approvals and data analytics. Parth Chanda, Lextegrity’s CEO, will explain their approach to fraud and corruption analytics and share lessons that can benefit in-house compliance professionals. Read about the Lextegrity backstory here.
Part 3: Albemarle’s Do-It-Yourself Approach to Analytics (September 28)
Albemarle is a global chemicals company and the world’s largest producer of lithium. Hear from Andrew McBride, Albemarle’s Chief Compliance Officer, as he describes the company’s journey to build its own compliance data analytics capability and how that has improved the workings of a modern-day compliance function. Read about the Albemarle backstory here.
REGISTER for each session by clicking on the Register links below. Part 1 is now available On-Demand.
PART 1
Now ON-DEMAND: AB-InBev’s Journey to Building an Analytics ConsortiumThis Video is Not Available
PART 2
SEPT 21 | 2:00 PT ET Case Studies from Lextegrity: Fraud and Corruption MonitoringPART 3
SEPT 28 | 2:00 PT ET Albemarle’s Do-It-Yourself Approach to AnalyticsSpeakers
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Andrew McBrideChief Compliance Officer, Albemarle CorporationAndrew is Chief Compliance Officer at Albemarle Corporation, based in Charlotte, North Carolina. Amongst other things Albemarle is the world’s largest producer of lithium. Andrew has over 20 years of compliance experience, both in private practice and in-house. Prior to Albemarle, he previously served as Associate General Counsel and acting Chief Compliance Officer for BHP and before that senior antitrust counsel for BP.
Andrew is an attorney admitted to practice law in California, Western Australia and England; a certified compliance & ethics professional; a certified fraud examiner and certified information privacy professional. He also serves on the Compliance Week Advisory Board.
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Matt GalvinGlobal Vice President for Ethics and Compliance, AB InBevMatt Galvin is the Global Vice President for Ethics and Compliance for AB InBev –the world’s largest brewer with over 180,000 employees and operations in over 80 countries. His team covers anti-corruption, sanctions, anti-money laundering, data privacy, human rights, competition, and internal investigations.
Matt is recognized as a leader in the application of data analytics to solve compliance problems and streamline compliance systems and processes and frequently speaks and writes on the use of technology in law. He is also a co-chair of the 2020 ACI FCPA conference and has be recognized by several organizations including the Financial Times, Compliance Week and American Lawyer for leading innovation in the compliance function at AB InBev. He is a New York and Hong Kong qualified lawyer who spent ten years in private practice before joining ABI in 2015. Matt attended the Georgetown University Law Center and Boston University and speaks native English and fluent Mandarin.
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Parth ChandaFounder and CEO, LextegrityParth Chanda is Founder and CEO of Lextegrity, an industry leader in digital transformation for risk management, providing software to monitor spend and automate diligence and compliance pre-approvals for fraud, corruption, sanctions and conflicts of interest risks.
Prior to Lextegrity, Parth served as the lead counsel for Pfizer’s global anti-corruption program office for five years. In that role, he navigated its FCPA deferred prosecution agreement while overseeing a multi-year transformation of its anti-corruption program. Prior to Pfizer, Parth was hired to oversee the enhancement of Avon’s global anti-corruption compliance program after its voluntary disclosure of FCPA matters to U.S. authorities.
Parth began his career at Shearman & Sterling, where he served on two FCPA monitorship teams, led multi-country FCPA investigations, and was Contributing Editor of its FCPA Digest.
Parth has a JD from Harvard Law School, an MPA from the Kennedy School of Government and a BA from Northwestern University.
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Scott AvelinoPrincipal, Compliance Systems Legal Group (CSLG)Scott Avelino is a Principal with Compliance Systems Legal Group (CSLG), a boutique law firm that has been retained directly by the U.S. Department of Justice to advise prosecutors on the adequacy of corporate ethics and compliance programs. Scott has been retained as an expert witness in a federal criminal case, worked with organizations facing and under government settlement agreements and served as an in-house chief ethics and compliance officer on an interim basis.
Prior to CSLG, he was a Principal with the Forensic practice of KPMG LLP, where he chaired the global network of forensic professionals responsible for driving innovation, thought leadership, methodologies, training and regional deployment of ethics and compliance services across the Americas, Europe, the Middle East, Africa and Asia-Pacific.
Scott began working in the field at the Ethics Resource Center, an influential non-profit organization that helped pioneer the field of business ethics and a predecessor to what is now the Ethics & Compliance Initiative (ECI). He presently serves as ECI’s Ethics Officer (pro bono), a position to which he was appointed by its Boards of Directors.
The results of Scott’s thought leadership in the field have been profiled in The Wall Street Journal, The New York Times, The Financial Times, CNN and dozens of other venues. He was selected by the U.S. Sentencing Commission to provide expert testimony on amendments to the Federal Sentencing Guidelines for Organizations, which is a leading framework for compliance and ethics programs in the U.S. and internationally. He was later appointed to an ECI independent advisory group tasked with issuing recommendations to the U.S. Sentencing Commission on weighing compliance and ethics programs in enforcement outcomes and served as one of the lead authors of the group’s report.
Scott received his M.B.A. from the Cornell University Johnson School of Management and his B.A. from the University of California, Santa Barbara.
