“We want to create a space where data protection professionals across the world feel connected through the Journal of Data Protection & Privacy and our specialist interest group on LinkedIn. I also want to reach out and engage with the next generation of leaders in our profession and actively encourage them to share their knowledge and understanding of the subject for the benefit of our expanding – and highly influential – community across the world.”
Using Compliance Risk Assessment Programmes
Abstract: A Compliance Risk Assessment (CRA) programme can be a meaningful and genuinely beneficial risk identification and management tool. Paul V. May Chief Compliance Officer at ABN AMRO Securities (USA) and Stephanie Nicolas partner in WilmerHale LLC outline key elements and practical considerations for conducting a CRA. By better identifying compliance risks and managing the drivers of these risks and behaviour, a CRA not only helps firms to reduce the occurrence of conduct events, but also enhances the way that firms do business.
Keywords: compliance risk assessment, conduct risk, risk assessment, inherent risk, residual risk
