A long-time veteran of the risk and compliance world, Paula Drake will be stepping into a new role as associate director in the SEC’s Office of Compliance Inspections and Examinations.

When Drake starts on Aug. 6, she will serve as Chief Counsel and Chief Compliance and Ethics Officer overseeing a staff of eight lawyers and coordinating projects among attorney advisors in the SEC’s eleven regional offices.

Drake joins the SEC from Oechsle International Advisors where she had a hand in a number of investment management operations such as registering investment advisors and establishing compliance programs. She also recently completed eight years as a member of the Board of Governors of the Investment Advisers Association.

“Paula adds extensive legal, business and industry experience and expertise. She will help us with the continued development and advancement of the national examination program, including leading the critical legal function, developing our national examination policy manual, and overseeing our internal compliance team,” OCIE Director Carlo di Florio, said in a statement.  Drake will report to di Florio when she begins in August.

The OCIE in responsible for putting on the national examination program for advisors and investment companies, broker-dealers, self-regulatory organizations, clearing agencies and transfer agents.

The appointment comes within a week of two other shifts in top leadership at the SEC’s examination division, including a new head of the advisor examination program and investment management chief