15/11/2023
Are You Managing Risks? Or Are You Still Managing Spreadsheets?
The challenges of enterprise-wide financial crime risk assessment have increased significantly in today's fast-paced environment. This multifaceted task, already time and resource intensive, has become mammoth due to emerging digital threats, more complex products with a global financial system, and a frequently changing regulatory landscape. Limited human and technological resources, the need for cross-departmental and cross-organisational coordination, language and cultural barriers within a group add to the complexity.
This webinar aims to provide an understanding of the variables that add layers of complexity to your organisation's financial crime risk assessment process. It will outline best practices for effectively navigating these complexities. Participants will gain valuable insight into contemporary risk management strategies, transparent risk structures, data-driven approaches and effective group-wide implementation. Acquire practical guidance on how to streamline risk analysis procedures, efficiently update risk models or document update events. You will also have the opportunity to engage directly with subject matter experts during the Q&A or share perspectives with industry peers.
Agenda
- Introduction
- Quick recap on typical enterprise-wide risk assessment (EWRA) process steps
- The challenge of complexity: Understanding old and new challenges affecting EWRAs
- Best practices for overcoming EWRA challenges
- Best practices “in action”: Practical examples
- Q&A
Target Audience
This webinar is essential for professionals in compliance, legal, risk management within the financial sector.
