Enterprise Compliance Risk Management: An Essential Toolkit for Banks and Financial Services Hardcover - 2015 - 1st Edition

From the rear cover

At face value, compliance seems straightforward, however, in the context of the complex financial services industry its nuances and dimensions increase exponentially. You need a comprehensive guide like Enterprise Compliance Risk Management to decode and demystify this multilayered subject. The book is an essential toolkit and offers comprehensive single-source guidance on the evolving discipline of compliance risk management.

The easy to understand and easy to implement strategic, structural and operational frameworks will help create a strong and inclusive compliance framework that will be a powerful competitive weapon for your organization. It is enhanced competitiveness and profitability that makes the models, processes, formats, templates, scorecards and tools included in this book so valuable. Written specifically to align with and enhance your fundamental business objectives of value creation, preservation, and enhancement, the lucid narrative provides a broad view of managing compliance and compliance risk holistically, with attention given to the myriad of interrelated facets of financial services. With this practical guide at your fingertips, you can:

• Enhance your bottom line by practicing active compliance management (PAC-M) as a strategic intervention by weaving it into your organization's business model
• Get the most out of compliance initiatives by aligning them with other connected functions like audit, legal, governance, and risk management
• Trace and connect the entire ecosystem of stakeholders of the compliance universe inclusive of the designated compliance officers
• Master an actionable approach to compliance risk covering identification, measurement, mitigation and remediation as well as preparation for the regulatory dialogue
• Explain how benefits of active compliance far outweigh its costs
• Jump start or refine your compliance initiatives with unique hands-on tools the book provides

This complete guide also prepares you for operational challenges by providing lessons from the field and suggestions on turning setbacks into learning opportunities that can help improve the entire process.

From the jacket flap

At face value, compliance seems straightforward, however, in the context of the complex financial services industry its nuances and dimensions increase exponentially. You need a comprehensive guide like Enterprise Compliance Risk Management to decode and demystify this multilayered subject. The book is an essential toolkit and offers comprehensive single-source guidance on the evolving discipline of compliance risk management.

The easy to understand and easy to implement strategic, structural and operational frameworks will help create a strong and inclusive compliance framework that will be a powerful competitive weapon for your organization. It is enhanced competitiveness and profitability that makes the models, processes, formats, templates, scorecards and tools included in this book so valuable. Written specifically to align with and enhance your fundamental business objectives of value creation, preservation, and enhancement, the lucid narrative provides a broad view of managing compliance and compliance risk holistically, with attention given to the myriad of interrelated facets of financial services. With this practical guide at your fingertips, you can:

• Enhance your bottom line by practicing active compliance management (PAC-M) as a strategic intervention by weaving it into your organization's business model
• Get the most out of compliance initiatives by aligning them with other connected functions like audit, legal, governance, and risk management
• Trace and connect the entire ecosystem of stakeholders of the compliance universe inclusive of the designated compliance officers
• Master an actionable approach to compliance risk covering identification, measurement, mitigation and remediation as well as preparation for the regulatory dialogue
• Explain how benefits of active compliance far outweigh its costs
• Jump start or refine your compliance initiatives with unique hands-on tools the book provides

This complete guide also prepares you for operational challenges by providing lessons from the field and suggestions on turning setbacks into learning opportunities that can help improve the entire process.