Compliance risk is an operational risk and should be managed accordingly.
We live in a world of rules. Compliance with those rules is critical, not only to protect your organisation from regulatory actions, fines and reputation damage but also because it’s the right thing to do to protect our stakeholders from risk we bring to them.
However, managing compliance is a formidable task for most organisations due to the sheer quantity of compliance requirements.
This guide is aimed at providing you with a practical overview of such a process and assist you in better managing your compliance obligations across your business.
David Tattam is the author of "A Short Guide to Operational Risk" and is recognised internationally as a specialist in all facets of risk management and in particular, enterprise risk management. Prior to founding Protecht in 1999, he held roles as the Head of Operations and Risk Management at two international banks, WestLB and The Industrial Bank of Japan.