I Want to...
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Establish a Regulatory Compliance Management (RCM) Program, appropriate for my Organization and for meeting my Regulatory Expectations
Ethidex regulatory content, combined with the ASSESS software, can assist with implementing your desired RCM framework. Periodic assessments, created in ASSESS, share the regulatory content and accountabilities can be centralized, or distributed across your Functions, Businesses and Oversight groups.
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Strengthen our knowledge of, and compliance with, relevant and current laws and regulations
Ethidex modules are structured by regulatory area, eg Privacy or AML. Ethidex modules are also tailored by financial company type, where appropriate, eg trust company, life insurance branch, general insurance brokerage. Each Ethidex module is structured by business process and topic to assist with use and attribution. Written in easy to use language, updates to the modules are made quarterly by our partner law firms. Select those modules best aligned to your business.
Implement distinct AML / ATF or Privacy Regulatory Compliance Programs
Ethidex offers separate modules for AML / ATF and for Privacy regulatory requirements. These modules can be used, in combination with ASSESS software, to complete risk assessments, impact assessments and regulatory compliance assessments of AML/ATF and Privacy. The assessments can be structured, assigned across the organization, and repeated as needed.
Prioritize attention to the Areas of highest Regulatory Compliance Risk
Using the ASSESS software a regulatory compliance risk assessment can be completed (top down). This can include specific regulatory compliance risks and controls appropriate for your organization. In addition, the Ethidex modules, which contain detailed regulatory requirements, can use a "frequency attribute" to have the more important requirements assessed annually while the less important requirements are assessment less frequently, eg every second or third year.
Support the resilience of my operations through a structured assessment program that also meets regulatory expectations (OSFI Guideline E-21)
ASSESS software supports the building of a library of Operations. Data and mapping for these operations can be collected in the library, which can facilitate an evaluation of criticality and resilience. The operations library can also be used in the performance of a risk and control assessment.
Manage my Operational Risks and meet regulatory requirements
Operational risk management regulations look to the completion of activities and the use of tool to manage the risks.
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Governance established and assessed for effectiveness
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A operational risk framework including a library of risks (taxonomy), a library of controls and a periodic assessment across business units.
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Establishment of a risk appetite
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The use of tools: RCSA, key risk indicators, risk events
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Monitoring and reporting
ASSESS software can support these activities, making use of the libraries and assessment capabilities.​
Complete an Enterprise Risk Assessment
ASSESS provides the ability to build libraries of risks and controls. These risks and controls can be combined into an assessment, aligned with your organization structure, for periodic assessment across the enterprise. Workflow configuration and user assignment make the assessment experience intuitive and easy to manage.
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Enhance my risk assessment activities by focusing on the key strategic objectives of the Company
ASSESS allows a library of strategic objectives to be captured. These objectives can then be included in an assessment with linked risks and controls. Through periodic assessments, an understanding of the risks and controls can be reached and actions can be taken where needed to improve the likely success of the strategic objectives.
All key issues across the organization can be captured, responsibility identified, tracked to resolution and reported on.