J Haye's Weekly Digest, 25 March 2024
Julien Haye
Transforming Risk and Compliance into Strategic Enablers with Practical Insights and Problem-Solving Expertise | Chief Risk & Compliance Officer | LGBT Leader & Inclusivity Advocate | Chair, NED, & Trustee
Rethinking Control Implementation for Sustainable Growth
Maintaining a resilient control environment is essential for sustainable growth, regulatory compliance and risk management. A good control framework not only safeguards an organisation but also provides a solid foundation for expansion. This article delves deep into the intricacies of control frameworks and their pivotal role in sustainable expansion - extract below:
?? What is a Good Control? A good control is more than just policies and procedures; it's a safety net against financial, operational, and reputational setbacks. From KYC to AML controls in finance, we explore how a robust framework contributes to organisational resilience.
?? Mistakes in Control Implementation Implementing controls is a delicate task. Learn from common pitfalls - from overcomplicating processes to overlooking ethical implications. Discover why updating data security controls is imperative, especially in healthcare.
?? End-to-End Understanding Mapping out processes from initiation to completion is key to effective controls. Understand how this in-depth knowledge identifies crucial control points, simplifying the control environment. In manufacturing, it ensures products meet industry standards.
?? Control vs. Process Processes and controls go hand in hand. Learn how a well-designed control framework enhances process efficiency and reliability. In the aviation industry, stringent controls ensure safety and airworthiness. ?
In a constantly evolving business and regulatory environment, a robust control framework is indispensable. Understanding the nuances of control implementation, while staying ahead of global regulatory trends, is crucial for sustainable success. By striking a balance between adaptability and control, businesses can grow with confidence and resilience. Remember, controls are not a hindrance to progress but a safeguard for the journey ahead.
Read Full Article - https://www.aevitium.com/post/innovate-or-regulate-rethinking-control-implementation-for-sustainable-growth
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Aevitium Online Foundational Risk Training Programme
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What’s next?
To complement what you will learn during this training course, I will host a second foundational session in May, this time focusing on Compliance Fundamentals. In this session, you'll delve into the essentials of regulatory compliance, including compliance frameworks and monitoring, complemented by practical case studies.
Are you ready?
Don't let this opportunity pass you by. Here's how you can join me on this transformative journey:
More details about the course:
Date: Fri, 19th April 2024 08:00 - 09:30 GMT
Duration: 1h30
Format: Online
General Admission: GBP90
Tutor: Julien Haye, FRM, Risk Learning Faculty and Accredited CPD Trainer
Register to training now: https://www.eventbrite.co.uk/e/introduction-to-risk-management-tickets-787493433057?aff=oddtdtcreator
RiskMasters Podcast
The episode featuring the fantastic Michele Wucker, the acclaimed author of The Gray Rhino: How to Recognize and Act on the Obvious Dangers We Ignore, is now live! Stay tune for the upcoming interview with Kathy Griffin, Chief Risk and Compliance Officer at Uber Payments UK.
Listen to it here: https://www.aevitium.com/post/riskmasters-with-michele-wucker
Discover the Previous Interviews on RiskMasters
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