Details

Enterprise Compliance Risk Management

An Essential Toolkit for Banks and Financial Services
Wiley Corporate F&A, Band 641 1. Aufl.

von: Saloni Ramakrishna
80,99 €
Verlag:	Wiley
Format:	EPUB
Veröffentl.:	04.09.2015
ISBN/EAN:	9781118550311
Sprache:	englisch
Anzahl Seiten:	320

In den Warenkorb

Als Gutschein

DRM-geschütztes eBook, Sie benötigen z.B. Adobe Digital Editions und eine Adobe ID zum Lesen.

Beschreibungen

Titelbeschreibung

The tools and information that build effective compliance programs Enterprise Compliance Risk Management: An Essential Toolkit for Banks and Financial Services is a comprehensive narrative on managing compliance and compliance risk that enables value creation for financial services firms. Compliance risk management, a young, evolving yet intricate discipline, is occupying center stage owing to the interplay between the ever increasing complexity of financial services and the environmental effort to rein it in. The book examines the various facets of this layered and nuanced subject. Enterprise Compliance Risk Management elevates the context of compliance from its current reactive stance to how a proactive strategy can create a clear differentiator in a largely undifferentiated market and become a powerful competitive weapon for organizations. It presents a strong case as to why it makes immense business sense to weave active compliance into business model and strategy through an objective view of the cost benefit analysis. Written from a real-world perspective, the book moves the conversation from mere evangelizing to the operationalizing a positive and active compliance management program in financial services. The book is relevant to the different stakeholders of the compliance universe - financial services firms, regulators, industry bodies, consultants, customers and compliance professionals owing to its coverage of the varied aspects of compliance. Enterprise Compliance Risk Management includes a direct examination of compliance risk, including identification, measurement, mitigation, monitoring, remediation, and regulatory dialogue. With unique hands-on tools including processes, templates, checklists, models, formats and scorecards, the book provides the essential toolkit required by the practitioners to jumpstart their compliance initiatives. Financial services professionals seeking a handle on this vital and growing discipline can find the information they need in Enterprise Compliance Risk Management.

Inhaltsverzeichnis

Preface xi Acknowledgments xiii About the Author xv Opening Notes xvii Design and Structure of the Book xix Part One Introduction to Compliance in Financial Services Chapter 1 An Overview of Compliance in Financial Services 5 Chapter 2 Compliance in the Twenty-First Century 25 Part Two The What, Why, and Who of Compliance Chapter 3 What is “Compliance”? 53 Chapter 4 Why is Compliance Needed? 83 Chapter 5 Who are the Players in the Compliance Universe? 121 Part Three The How of Compliance Chapter 6 Compliance Framework 159 Chapter 7 Operationalizing Compliance 183 Part Four The Compliance Risk Dimension Chapter 8 Exploring the Concept of Compliance Risk 213 Chapter 9 Compliance Risk Management 239 Part Five The Real World of Compliance in Financial Services Chapter 10 Real-Life Issues of Managing Compliance in Financial Services 273 Chapter 11 Lessons Not Learned 291 Chapter 12 Practical Solutions to Some Important Operational Challenges 315 Closing Notes 325 Index 335

Autorenportrait

SALONI P. RAMAKRISHNA has nearly three decades of experience in financial services, both as hands-on professional as well as a solutions architect and contributor to the industry dialogue. She has been invited to share her thoughts and views on industry trends surrounding compliance, risk, customer centricity, performance, and data management in the analytics space by national and international banking and finance forums. Saloni's ideas have appeared as articles and quotes in newspapers, journals, magazines, and television interviews. She has presented papers at national and international seminars and conferences. Since 2012, she has been a columnist for one of India's leading monthly magazines. She is currently a Senior Director with Oracle. In her role she frequently interacts with top managers of banks, consulting professionals, financial services bodies, and senior regulators across multiple countries.

Back cover copy

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