Compliance Risk Framework™
Ensure conformance with laws, regulations and internal standards and manage regulatory change.
Compliance risk is the risk of failing to conform with laws, regulations and internal standards. This framework manages obligations, monitoring, regulatory change and breach handling.
Regulatory obligations multiply and change; without an obligations register, monitoring and change management, breaches and penalties become inevitable.
Ensure conformance with laws, regulations and internal standards and manage regulatory change.
- Compliance officers
- CROs
- Audit committees
- Boards
- Obligations register
- Control mapping
- Compliance monitoring & testing
- Regulatory-change management
- Breach & remediation
- Compliance reporting
- The compliance function owns; the business executes; the Audit Committee oversees.
Fragile
Maturity level 1 of the shared Outliers risk spine — Fragile.
Functional
Maturity level 2 of the shared Outliers risk spine — Functional.
Disciplined
Maturity level 3 of the shared Outliers risk spine — Disciplined.
Strategic
Maturity level 4 of the shared Outliers risk spine — Strategic.
Resilient
Maturity level 5 of the shared Outliers risk spine — Resilient.
- Build the obligations register
- Map controls to obligations
- Establish monitoring and testing
- Run regulatory-change management
- Handle breaches and report
- Compliance obligations register
- Regulatory-change tracker
- Compliance monitoring plan
- Compliance policy
- Obligations register
- Regulatory-change procedure
- Regulatory breaches YTD
- Obligations with mapped controls %
- Overdue compliance actions
- Regulatory changes in backlog
- Do we have a complete register of our obligations?
- How do we track and absorb regulatory change?
- What compliance breaches have occurred and why?
- Is monitoring risk-based and effective?
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Across the ecosystem
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