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Guidepost in Motion EP 14: An Interview with Compliance Legend Eric T. Young
In early 2020, after spending close to 40 years in chief compliance roles at some of the world’s largest institutions, Eric T. Young began his new venture, Young Enterprises, a compliance advisory firm. He recently published his first book: “Declaration of Independence – How Independent Compliance Officers and Directors Can Hold Management More Accountable.” Eric sits down with Guidepost’s CEO, Julie Myers Wood, for a candid conversation about his career journey from compliance officer to entrepreneur and now author. He shares his experiences working with outside compliance professionals and provides a sneak-peek of his new book. He also talks about the accountability pyramid and the compliance hexagon of six recommendations.
Julie Myers Wood
Chief Executive Officer
As the Chief Executive Officer of Guidepost Solutions, I focus on helping corporations resolve problems with government agencies, and ensure they are proactively addressing compliance requirements. Prior to joining the private sector, I held leadership positions with the U.S. Departments of Homeland Security, Commerce, Treasury and Justice. This includes serving as the Head of Immigration and Customs Enforcement, Homeland Security’s largest investigative component, as well as the Assistant Secretary for Export Enforcement and the Chief of Staff for the Criminal Division at the Department of Justice. Throughout my government and private sector career, I have helped develop, implement and execute compliance programs and crisis management plans and responses across a wide range of industries for numerous companies. I am nationally recognized as a speaker for my expertise on compliance, security, immigration and other law enforcement issues and have testified before Congress.
Eric Young
Senior Managing Director
Eric T. Young advises highly regulated organizations on reengineering compliance, ethics, and regulatory technology programs to enable reputable and sustainable business growth. He has deep regulatory experience having spent close to 40 years in chief compliance officer roles at some of the world’s largest institutions, including five global banks. Throughout his career, Mr. Young has remediated and transformed corporate compliance programs and financial crime compliance programs including sanctions; integrated compliance and ethics cultures between regions, countries and companies to ensure consistency across enterprises; built compliance budgets; enhanced reporting; created governance frameworks and risk assessment, monitoring and testing programs; closed compliance gaps; restructured compliance teams; and mentored junior staff to create a pipeline of future compliance leaders and enable grassroots compliance ideas, solutions and digital upgrades.
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