Author

Biography for Jim Kim

Jim Kim is the editor-in-chief of FierceFinance and has covered financial-related topics for many years for a range of publications. In addition, he spent several years as a content director for a financial-services Web start up and as a communications manager at an association of large software companies. His views of the finance industry, from the inside and the outside, make him the ideal editor for FierceFinance, a position he has held from the start of the publication. Jim is a graduate of Duke University. Jim can be reached at jimkim@fiercemarkets.com.

Articles by Jim Kim

Mandatory rotation of credit raters possible

The whole issue of mandatory auditor rotation--often referred to as term limits for auditors--has been discussed ad nauseam in recent months.

Debate over compliance officers kicks up again

Supervision has been a big enforcement priority for years, and there has been more than a few failure to supervise charges.

Companies must boost third-party risk management efforts

It's no secret that companies are increasingly relying on third parties for core business processes.

Not all consultancies really provide integrated GRC solutions

There's no shortage of consulting firms pitching GRC solutions these days, and most of them will talk about integrated approaches, inevitably using the term holistic.

Risk management under fire at JPMorgan Chase

Jamie Dimon was recently asked if the bank's $2 billion trading loss was the result of any broken laws or SEC rules.

New report details internal fraud

The Association of Certified Fraud Examiners issued its first comprehensive report on the costs, methodologies and perpetrators of fraud within organizations in 1996. Since then, it has published six more follow-up studies.

CFOs should take an expansive view of risk management

When we talk about risk management in this publication, we're often talking about IT risk management and financial reporting risk management, which are no doubt important.  But the whole idea of risk management has expanded greatly.

Novel idea about lowering GRC costs

When the discussion turns to compliance, we often hear a variation on the following: All those GRC programs implemented at tremendous cost will not mean a thing if the company doesn't work hard to instill a culture of compliance and ethics.

More GRC deals on the way

Deals in the governance, risk management and compliance (GRC) software market were all the rage the last two years.

IBM's Big Data crime-fighting solution

In some ways, we've only scratched the surface when it comes to Big Data applications.

Diversity as a compliance issue

Many of you probably do not recall that Section 342 of Dodd-Frank requires the establishment of 20 Offices of Minority and Women Inclusion at regulatory agencies.

Dubious timing over Wal-Mart compliance officer?

After the Wal-Mart FCPA scandal erupted in headlines around the world, media outlets reported that the company had named a FCPA compliance officer.

PCAOB ponders new audit improvement methods

The Public Company Accounting Oversight Board (PCAOB) has shown a commendable willingness under chairman James Doty to wade into controversial areas that has put the board in some crosshairs.

SEC steps up cost analyses

It's been noted before that the appellate court ruling that struck down the so-called proxy access rule, which had previously been hailed as a major "reform" passed as part of Dodd-Frank, was the shot heard around the economy.

Security software market soars

Companies skimp on security software at their peril these days. This is of course good news for the top security vendors, which all enjoyed a terrific 2011

Answering "compliance fatigue"

The whole idea of corporate compliance can be overwhelming, as the new rules seem to crop up frequently at the federal and state levels and existing rules seem to constantly shift.

Jail time possible for Wal-Mart executives

The Wal-Mart scandal over alleged Foreign Corrupt Practices Act violations--detailed by the New York Times--continues to  reverberate, as federal prosecutors step up their investigation.

Strong content management essential to GRC

In the heavily-regulated financial services industry, strong content management systems are essential to strong governance, risk management and compliance (GRC) programs.

Interesting ruling on departing employees

The intent of David Nosol may seem familiar to many of you.

A framework for preventing internal fraud

We've long suggested that while fraud by outside criminals gets the majority of media coverage, the threat of internal fraud is just as pressing and perhaps even more consequential.

Jeff Skilling to remain in jail

The poster boy of the crime-doesn't-pay, post-Enron era was Jeff Skilling, the hard charging CEO of the firm who was sentenced to 24 years in prison for fraud.

Risk management, compliance lack integration

In many ways, the GRC industry has made great gains over the past few years, especially as premier vendors and independent companies alike continue to enjoy success.

New York Times raps Wal-Mart for FCPA violations

In a truly arresting investigative report, the New York Times lays bare a shocking program of company-authorized bribery at Wal-Mart, a company which has touted its high ethical standards, and a weak subsequent internal probe.

Content/document management imperative intensifies

Few industries have suffered like the financial services industry has recently.

Cyber-breach disclosure standards still in flux

Back in October, the SEC issued CF Disclosure Guidance: Topic #2, which was all about corporate disclosure obligations regarding cyber-security risks and cyber-incidents.