Enterprise compliance risk management : an essential toolkit for banks and financial services / Saloni P. Ramakrishna.

Format:

Book

Author/Creator:

Ramakrishna, Saloni P., 1957- author.

Series:

Wiley corporate F & A series.

Wiley Corporate F&A

Language:

English

Subjects (All):

Financial services industry--Management.

Financial services industry.

Business enterprises--Law and legislation.

Business enterprises.

Risk management.

Physical Description:

1 online resource (367 p.)

Edition:

1st edition

Place of Publication:

Singapore : Wiley, 2015.

Language Note:

English

System Details:

text file

Summary:

"The tools and information that build effective compliance programs Enterprise Compliance Risk Management: An Essential Toolkit for Banks and Financial Services is a comprehensive overview of managing compliance and compliance risk. With unique hands-on tools including templates, checklists, and scorecards, practitioners can immediately begin to jumpstart compliance initiatives. Written from a real-world perspective, the book goes beyond theory to describe the practical aspects of active compliance management from all facets. Compliance professionals aren't the only stakeholders in active risk management. These concerns involve the various strata of management within the organization, regulators, industry bodies, and customers. Although a young and evolving discipline, compliance risk management is being brought to center stage as the complexity of the financial world increases exponentially, layering nuance and dimension on to an already complex topic. Enterprise Compliance Risk Management meets the need for a comprehensive reference, providing a framework for keeping up-to-date with the multitude of diverse legal requirements and guidelines bankers face. Topics include: Active compliance management as a strategic intervention Connections to reputation, legal risk, governance, and customer satisfaction The entire ecosystem of stakeholders outside of designated compliance officers Operation, training, and reporting of various compliance models The book also includes a direct examination of "risk", including identification, measurement, mitigation, monitoring, remediation, and regulatory dialogue, and an exploration of multidimensional financial services that points out focal points for active compliance management. Compliance professionals seeking a handle on this vital but fledgling discipline can find the information they need in Enterprise Compliance Risk Management"-- Provided by publisher.

"The book provides banks and the financial industry with a comprehensive overview of compliance risk and its active management"-- Provided by publisher.

Contents:

Intro

Advance Praise

Title Page

Copyright

Table of Contents

Dedication

Preface

Acknowledgments

About the Author

Opening Notes

Design and Structure of the Book

Part One: Introduction to Compliance in Financial Services

Chapter 1: An Overview of Compliance in Financial Services

A Brief History and Evolution of Compliance

Chapter 2: Compliance in the Twenty-First Century

Drivers of Compliance

Broad Areas of Regulation and Supervision in Financial Services

Major Bodies That Define Compliance Boundaries for Financial Services

Part Two: The What, Why, and Who of Compliance

Chapter 3: What Is "Compliance"?

Compliance in the Context of Banking and Financial Services

Understanding the Semantic Maze of Compliance

Interconnects

Chapter 4: Why Is Compliance Needed?

Why Regulate?

Why Comply?

Consequences of Noncompliance

Cost-Benefit Analysis of Active Compliance

Interrelationship between Business Model, Strategy, and Compliance

Active Compliance-a Strategic Tool in Value Creation, Preservation, and Enhancement

Chapter 5: Who Are the Players in the Compliance Universe?

The Universe of the Financial System-A Bird's-Eye View

Primer on Major Players in the Financial System

Stakeholders of the Compliance Universe

Compliance Roles

Part Three: The How of Compliance

Chapter 6: Compliance Framework

Managing the Compliance Maze

Chapter 7: Operationalizing Compliance

Operational Framework

Points to Note

Compliance Culture Dimension

Part Four: The Compliance Risk Dimension

Chapter 8: Exploring the Concept of Compliance Risk

Defining Risk

Overlap of Financial Risks and Compliance Risk

Compliance Risk-An Introduction

Defining Compliance Risk

Subcategories of Compliance Risk

Compliance Risk and Organizational Complexity Scale.

Chapter 9: Compliance Risk Management

Risk Appetite

Risk Identification

Risk Assessment

Risk Mitigation

Risk Monitoring

Risk Remediation

Compliance Risk Reporting

Regulatory Dialogue

Part Five: The Real World of Compliance in Financial Services

Chapter 10: Real-Life Issues of Managing Compliance in Financial Services

Myths vs. Reality

Overlaps and Conflict Zones

Some Important Distinctions

Chapter 11: Lessons Not Learned

Real-World Examples

The Shifts

Chapter 12: Practical Solutions to Some Important Operational Challenges

Challenge: Building Business Integrity into Organization's Fabric

Challenge: Building Compliance-Aware Organization (CAO)

Challenge: Compliance Reach to All

Challenge: Managing Regulatory Dialogue

Closing Notes

Regulatory Coherence

Compliance Coherence

Building a Learning Organization

Index

End User License Agreement.

Notes:

Includes index.

Description based on print version record.

ISBN:

9781118550311

1118550315

9781118638316

111863831X

9781118550328

1118550323

OCLC:

920677133