September 3, 2007
Paula Bosco, (CUNY Law ‘2000), 34, has been named one of 20 Rising Stars of Compliance by Institutional Investor, a heralded magazine in the business world.
In its 2nd annual Rising Stars of Compliance article, dated Oct. 22, 2007, the magazine presents up-and-coming professionals from various fields of regulatory compliance whose skills, dedication, and industry and academic participation are likely to have an impact on securities compliance.
Bosco, who earned a B.A. in political science at State University of New York and an M.B.A. in finance at Pace University, is the chief investment advisory compliance officer for Lehman Brothers in New York City. She is the only “rising star” who holds both a J.D. and an M.B.A., the magazine said in a press release.
She oversees advisory activities within the private investment management compliance department, which consists of 10 compliance officers. She is in charge of meeting SEC compliance program requirements, including conducting annual compliance reviews. She joined the firm in July 2007.
“In compliance, we struggle with the sometimes competing visions of those we serve, such as our business clients, compliance and legal department colleagues, and external regulators,” Bosco told Institutional Investor. “Creating sustainable partnerships with these groups allows me to understand, interpret and communicate their visions. It also allows me to act as a catalyst for change.”
Nominees come from a variety of financial services firms—large and small—across the United States and the United Kingdom and represent alternative investment managers, clearing firms, institutional and retail broker-dealers, investment advisory firms, and mutual fund companies. The nominees’ specializations include anti-money laundering, audit, financial crime, information technology, international regulation, and risk management.
Other noteworthy points about the 20 “Rising Stars”:
- 55% have a J.D. and 20% have an M.B.A. (including one who has both);
- 50% are chief compliance officers;
- 50% work at investment management firms, including hedge funds and mutual funds, or are in charge of investment management compliance exclusively at a dually-registered broker-dealer;
- 50% work in New York City; 10% in London and 10% in San Francisco;
- 25% of nominees have been employed by self-regulatory organizations or the Securities and Exchange Commission, including a former assistant district attorney;
- 25% are women;
- 10% are fixed-income compliance officers;
- The average age of nominees is 35 (the youngest being 29 and the eldest being 40).
Nominees are solicited from industry peers and honorees are selected by the editorial staff. The “stars” are 40 years old or younger, show a consistent career record and a dedication to promoting and protecting the industry via the work performed in their firms or with regulators and other trade groups, the magazine said.
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