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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Adrianne Appel2023-07-28T19:02:00
Companies that use automated tools to screen candidates for jobs based in New York City must check those systems for bias or potentially run afoul of a first-in-the-nation law.
The law, which took effect July 5, is aimed at rooting out any bias against individuals in job hiring when an automated employment decision tool (AEDT) is used. The law requires that the employer or third-party hiring partner audit the AEDT for bias.
The final rules describe AEDTs as certain systems that rely on algorithms, statistical modeling, data analytics, artificial intelligence (AI), or machine learning to score, classify, or recommend job candidates. AEDTs may search résumés for gaps in employment history or for certain words and, based on the results, not recommend candidates for interviews.
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News and analysis for the well-informed compliance or audit exec.
Annual Membership best value
Subscribe now for $365
Our lowest price ($1 per day) for one year.
2023-07-21T15:29:00Z By Kyle Brasseur
Technology companies including Google, Meta, and OpenAI agreed to a series of voluntary commitments they’ll make regarding their management of risks when developing artificial intelligence systems.
2023-07-13T20:20:00Z By Kyle Brasseur
The Federal Trade Commission sent to ChatGPT developer OpenAI a list of questions seeking clarity on how the company monitors, collects, and retains user personal information and ensures control over its popular artificial intelligence chatbot.
2023-05-26T13:00:00Z By Compliance Week
Six senior compliance practitioners forecast the impact advances in data analytics and artificial intelligence will have in their future compliance efforts.
2024-06-28T19:30:00Z By Jeff Dale
A Bank of England report warned of private equity risk management deficiencies as interest rates remain stagnant, with international coordination important.
2024-06-20T15:40:00Z By Aaron Nicodemus
Compliance departments at financial institutions must become more involved in ensuring their firm’s operational resiliency to address emerging risks, the Treasury Department’s Office of the Comptroller of the Currency said in its semi-annual risk perspective.
2024-06-07T22:34:00Z By Adrianne Appel
Compliance has been “sleeping on” artificial intelligence, two panelists discussed at Compliance Week’s Women in Compliance Summit. The profession should be positioned to lead on AI governance at the business level.
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