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Enron's compliance and ethics function, embedded within the Risk Assessment and Control group, administered the Code of Ethics, Restricted Lists, ethical wall procedures, and anonymous reporting facilities -- a formal infrastructure that failed to prevent or detect executive-level fraud.
Executive Vice President and Chief Risk Officer who led Enron's Risk Assessment and Control division, overseeing transaction approvals and risk management until his termination in February 2002.
Enron's bifurcated risk management system comprised RAC under Chief Risk Officer Rick Buy and the Research Group under Vince Kaminski, employing world-class quantitative talent that ultimately failed to prevent the company's collapse.