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.