Completing Required Assessments - moving beyond excel

A client recently asked if we could help with setting up and completing required regulatory assessments. They were particularly interested in:

• workflow configuration

• robust documentation

• archiving

• reporting

The example we discussed was the recent OSFI Operational Risk Capital Data Management Expectations - Assessment Expectations, with:

• specified rating scale

• 69 criterion to be rated

• each criteria to be assessed by all 3 lines of defense

• rationale for the rating and supporting documents to be provided, where relevant

• target compliance date and additional comments (including supporting documents) to be provided

We confirmed that the Ethidex "Compliance Office" system can assist with this assessment with its:

• robust, configurable workflow and documentation options. and

• Ethidex can help with creating the control documents and objectives to capture the criterion specified

Please reach out if you would like to discuss further.