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Monica Welt

VP Compliance, Assistant Corporate Secretary (Aspiring Board Member_

Professional Background

Monica Welt is a distinguished legal professional who has garnered a reputation for excellent advisory capabilities within the corporate environment. As a lawyer who approaches her work with a business-savvy mindset, she has been successfully navigating complex legal and regulatory landscapes, particularly in the realm of enterprise risk management. In 2015, Monica joined Big Lots, a major discount retail chain, where she took on the significant responsibility of building an enterprise-wide compliance program that governs approximately 1,400 stores and five distribution centers spread across 47 states.

As she excelled in her role, Monica's responsibilities organically expanded to encompass a broad spectrum of initiatives, which include driving sustainability efforts, fostering business efficiency innovations, and supporting SEC compliance. Her leadership and strategic thinking were especially evident during the COVID-19 pandemic in 2020, where she co-led a cross-functional response plan to ensure the ongoing operational resilience of Big Lots amidst challenging circumstances.

Before her impressive tenure at Big Lots, Monica spent an extensive 14 years in private practice located in Washington, D.C. During this period, she provided strategic legal counsel to a variety of clients across different sectors, including multinational manufacturing firms, pharmaceutical giants, and consumer products conglomerates. Her extensive experience also consists of litigation in areas such as consumer product class actions and environmental torts. Monica’s diverse client portfolio covers a wide array of industries, including food and beverage, over-the-counter drugs, cosmetics, furniture, home goods, children’s products, as well as appliances, electronics, automotive, aviation, and chemical sectors—serving some of the most recognized Fortune 100 brands.

Education and Achievements

Monica's educational foundation is rooted in excellence. She completed her High School Diploma at the esteemed Columbus School for Girls, after which she pursued a Bachelor of Arts with Honors and Distinction in Liberal Arts at The Ohio State University. Here she achieved dual degrees in Classical Humanities and English, showcasing her commitment to academic excellence.

Eager to further her expertise in the legal domain, Monica went on to obtain her Juris Doctor (JD) from the prestigious University of Virginia School of Law. This rigorous academic background has equipped her with a robust skill set that she has adeptly applied throughout her dynamic career in law and compliance.

In addition to her hands-on legal experience, Monica has showcased her thought leadership through her prolific writing. She has successfully published more than 40 articles in recognized legal industry publications, including esteemed outlets such as the American Bar Association (ABA) and Law360. Furthermore, she authored a pivotal chapter in one of the leading ABA books on Product Liability, reflecting her deep knowledge and influence in this field.

Areas of Expertise

Monica Welt’s professional focus areas encompass a wide range of legal specialties, indicating her versatility and depth of experience:

  • Enterprise Risk Management: A key area where Monica provides strategic insights to safeguard organizations against potential risks and liabilities.
  • Compliance & Recall Program Development: She excels in establishing frameworks that adhere to regulatory guidelines and manage product recalls effectively.
  • Anti-bribery/Ethics & Foreign Corrupt Practices Act: Her knowledge includes navigating international compliance issues, ensuring ethical standards are met.
  • Hazardous Waste, Environmental, Chemical & Tort Liability: Monica is well-versed in issues that touch upon environmental concerns, managing corporate liability related to these aspects.
  • Marketing, Advertising & Claims Substantiation: She understands the intricacies of advertising regulations and claims to ensure compliance and protect brand reputation.
  • Product Liability & Safety: Monica has a keen perspective on the legal aspects of product safety, helping businesses mitigate risks associated with consumer protection laws.
  • Foreign Trade & Imports Advising: Her expertise extends to advising companies on the legalities of foreign trade, helping businesses navigate complex international regulations.
  • E-commerce and Omni Channel Advising: As the retail landscape evolves, Monica provides counsel on legal considerations related to e-commerce operations and multi-channel marketing strategies.
  • Internal Investigations: She leads and conducts thorough internal investigations to maintain compliance and ethical conduct within organizations.

Notable Positions Held

Throughout her career, Monica has held several notable positions, each contributing to her depth of knowledge and skill in the legal field:

  • VP Compliance & Assistant Corporate Secretary at Big Lots Stores: In this dual role, Monica plays a pivotal part in guiding compliance strategies and fulfilling corporate governance responsibilities.
  • Director of Compliance at Big Lots Stores: Before ascending to the VP role, Monica served as the compliance director, where she was instrumental in building the company’s compliance runtime.
  • Counsel, Product Liability Litigation & Risk Management at Crowell & Moring LLP: Here, she managed product liability cases and risk management strategies for a prestigious law firm.
  • Associate, General Litigation at Wallace King Domike & Branson: Monica gained valuable litigation experience in this association.
  • Associate, International Trade Litigation at Dewey Ballantine LLP: In this role, she provided counsel related to international legal challenges.
  • Constituent Aide for Sen. Robert F. Hagan at the Ohio Senate: Her career started with public service, assisting in legislative matters that laid the groundwork for her legal journey.

Monica Welt’s impressive career trajectory showcases her deep involvement in law and compliance, her commitment to excellence, and her passion for guiding organizations through complex legal challenges. Her ability to combine her legal expertise with strategic business thinking makes her an invaluable asset in any corporate setting, especially as organizations navigate an increasingly complex regulatory environment.

Related Questions

How did Monica Welt develop her expertise in enterprise risk management?
What notable initiatives has Monica Welt implemented at Big Lots to enhance compliance programs?
How has Monica Welt's legal background influenced her approach to sustainability initiatives?
What strategies did Monica Welt employ to navigate the challenges during the COVID-19 pandemic at Big Lots?
In what ways has Monica Welt contributed to the legal industry through her published works?
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Location

Columbus, Ohio Metropolitan Area