Florida Banking February 2022

are applied equally to cybersecurity and privacy. Courses in GRC, ERM, and vendor risk management reinforce these principles. Likewise, privacy and cybersecurity courses address other central compliance issues including bank secrecy and anti-money laundering, consumer compliance, and contract risk management. Why Do Banking Professionals Pursue a 30-Credit Hour Master’s Degree in Law? Students and graduates of the JM program in Financial Regulation and Compliance include professionals from every major large U.S. bank, from community banks, trust and wealth businesses, financial planners, and broker-dealers. Students range from mid- to late-career, including C-Suite executives to those early in their careers. Many students have earned other advanced degrees, including MBAs and masters degrees in risk management or project management. The reasons for pursuing the degree are as varied and nuanced as the individuals, but most are seeking a deeper knowledge of the legal and regulatory dimensions of their work, to serve as more effective professionals. In exit interviews graduating students confirm that Juris Master Program, Continued on page 20

an ongoing data dance between the regulator and the regulated. The JM program enables students to develop skills for understanding, anticipating, and developing responses sufficient for this critical dance. The JM program’s course in Data Analytics also explores how data analytics are used by law enforcement and by regulators as well as regulated entities. One of the co-professors for the Data Analytics course is Begench Amangeldiev, Head of Global Healthcare Compliance Risk Monitoring and Analytics at Google. Begench asks, “[What is the best] sustainable platform for Compliance, …the mothership? For me? I think it's GRC framework…Every corporation has an enterprise risk management program and that is very tied to business activities… It’s deemed an important area of good governance. So, Compliance, I think, can use that platform as a sustainable kind of pad for its success and impact…[T]he best thing that Compliance can do is align itself with overall ERM strategy and acclimate its program in a way that fits in nicely without friction and serves in that kind of a broader enterprise-wide capacity. I think that is probably the sustainable strategy that Compliance programs will utilize more in coming years.” In these courses the same GRC principles used more generally in making governance and compliance decisions

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