After beginning her 28-year SEC career in the Enforcement Division in Chicago, Jane Jarcho spent the last ten years in the Office of Compliance Inspections and Examinations (OCIE) as Deputy Director. As National Associate Director of the Investment Adviser/Investment Company Examination Program, she oversaw the examinations of those registered entities. Jarcho also started and supervised the Private Funds Unit – OCIE’s first specialized, nationwide group – which focuses on examinations of hedge, private equity and real estate fund advisers. The Hedge Fund Law Report recently interviewed Jarcho in connection with her move to Promontory Financial Group. This two-part series presents her insights, and this second article discusses her thoughts on OCIE’s National Exam Program; the impact of technology and the hiring freeze on the program; OCIE’s annual exam priorities; and the private funds space. The first article covered Jarcho’s move to the private sector; examined her experience in the SEC’s Enforcement Division and OCIE, including her time in the original internet-focused enforcement unit and her role in developing national exam initiatives; and explored the relationship between the two divisions. For more on OCIE, see “Retail Investors Again Top OCIE Exam Priorities in 2019; Digital Assets Join List” (Jan. 31, 2019); and “Understanding the SEC’s National Exam Program: How OCIE Selects Advisers to Examine (Part One of Two)” (Jul. 12, 2018).