Compliance monitoring goes beyond managing reputational risk. Monitoring programs are a critical management activity are now are expected by regulators to be an integral part of your business as usual. Monitoring and auditing are discrete activities and serve different purposes as audit exercises are retrospective and often targeted. Monitoring results is extremely important inform management action such as action plans, policy and procedural changes, enhanced training and other programmatic responses. We work with your teams to help you devise monitoring arrangements that deliver information on what works and what needs enhancement helping you understand potential compliance issues ahead and manage risk accordingly.
We can also ensure that your Key Performance indicators are matched by Key Risk Indicators that address compliance needs and enable the adoption of key metrics with regards to the management of Compliance Risk.This supports a risk-based approach to Compliance Monitoring.