The Risk Intelligent Chief Compliance Officer
Champion of Risk Intelligent compliance
In today’s demanding regulatory environment, effective compliance risk management is a smart – indeed, and essential – business investment. At the same time, no company wants to spend more time, effort, or money on compliance than it “needs” to. How can leaders determine the company’s compliance risk management “needs” with enough confidence to understand where and how to allocate its compliance investments?
In The Risk Intelligent Chief Compliance Officer, we show how CCOs and their executive peers can answer that question by applying the principles of Risk Intelligence to the specific challenges of compliance. The publication describes a Risk Intelligent compliance approach that places compliance risks in the context of a company’s broader risk management and business objectives. By embedding an enterprise perspective into compliance risk management, Risk Intelligent compliance allows leaders to align a company’s compliance efforts and investments with business priorities on an ongoing basis. It also affords leaders the visibility into compliance risks and their management they need to leverage the company’s compliance strengths to pursue “upside” business opportunities.
The Risk Intelligent Chief Compliance Officer offers a blueprint for orienting an enterprise to ways of thinking and acting that can give leaders greater control over compliance risk exposures while holding compliance cost and effort to sustainable levels. The potential payoff: The transformation of compliance, long viewed as a chore, into a valued and valuable business asset.
To read more, download the complete article.
As used in this document, ‘Deloitte’ means Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, and Deloitte Tax LLP, which are separate subsidiaries of Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.