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Showing posts from December, 2022

Tips to manage Compliance Staffing decisions

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Although regulatory pressure and opposition to efficiency efforts have masked the actual scope of these opportunities for a decade, compliance leaders are aware that there are still potential for further efficiency. The challenge today is figuring out how new technologies and intelligent data solutions will work best within their organizations. Leaders must have a thorough understanding of the daily tasks and internal operations of their risk and compliance team before they can appropriately assess this. Leaders in Compliance Staffing must use data to inform choices if they want to produce significant and scalable results.  The crucial actions are the most effective ways to do this: Conduct discovery sessions to gain a feel of the roles, expectations, activities, and contributions of the risk and compliance team in order to develop a thorough qualitative picture of their contributions. Develop a quantitative understanding of Compliance Staffing of the organization to evaluate its o