A key element of NYU’s Compliance Program is its structure which integrates centralized approval and oversight of the Compliance Program by the Audit and Compliance Committee of the NYU Board of Trustees with decentralized compliance responsibilities resting with compliance officers in the business units and schools, led and managed through University-wide compliance and risk committees by the Vice President and Chief Global Compliance Officer and the Office of Compliance and Risk Management. An overview of this Structure is provided below:
The Audit and Compliance Committee of the Board of Trustees
The Audit and Compliance Committee of the Board of Trustees has overall responsibility for oversight of NYU's Compliance Program.
The University Compliance and Risk Steering Committee
Advises the Vice President and Chief Compliance Officer, and through him the University-wide compliance committees, on reporting on the Compliance Program to the Audit and Compliance Committee of the NYU Board of Trustees and the concerns of top leadership. The Steering Committee Charter can be found here.
Washington Sq. Committees
The Compliance Program is carried out through a number of interrelated compliance committees and working groups, whose compliance work is coordinated by OCRM. At Washington Square, OCRM co-chairs chairs two committees that coordinate day-to day compliance activities: the Compliance and Risk Officers Working Group (COWG) and the Schools Compliance and Risk Officers Task Force (SCOT).
- COWG: includes compliance and risk officers from academic and administrative departments, including NYU Abu Dhabi and NYU Shanghai, who are responsible for day to day compliance activities. COWG currently has a membership of more than 25 compliance officers. The COWG Charter can be found here.
- SCOT: includes compliance and risk representatives appointed by the Deans of all of NYU’s Schools, Colleges and major Institutes, including the Langone School of Medicine, Tandon School of Engineering and the Center for Urban Science and Progress (CUSP). The SCOT Charter can be found here.
Abu Dhabi and Shanghai Compliance and Risk Committees
- The NYU Abu Dhabi Compliance and Risk Committee – Compliance Officers and/or representatives from the Provost’s Office, the Office of General Counsel, the business units, Research Compliance and Student Affairs.
- The NYU Shanghai Compliance and Risk Committee – Compliance Officers and/or representatives from the Provost’s Office and the business units.