IDEAS home Printed from https://ideas.repec.org/a/aza/jfc000/y2022v5i4p370-377.html
   My bibliography  Save this article

Converting critical enterprise risks into a usable risk matrix

Author

Listed:
  • Powell, Janice

    (Senior Compliance Consultant, Core Compliance & Legal Services, USA)

Abstract

Successful compliance is built upon a solid foundation of risk management. Effective compliance programmes begin with a thorough assessment to identify areas of risk within the organisation. Developing a risk management framework is crucial to an organisation's ability to develop appropriate protocols to identify, monitor, and if needed, mitigate the risks. Aside from the practical benefits a risk assessment can provide, it can also demonstrate to a regulator that a compliance programme is ‘reasonably designed’ to prevent violations of federal securities laws.1 The purpose of this paper is to discuss practical ways to develop and implement a risk management programme as well as conveying identified risks to senior management for use in practical business decisions.

Suggested Citation

  • Powell, Janice, 2022. "Converting critical enterprise risks into a usable risk matrix," Journal of Financial Compliance, Henry Stewart Publications, vol. 5(4), pages 370-377, August.
    • Handle: RePEc:aza:jfc000:y:2022:v:5:i:4:p:370-377
    as

    Download full text from publisher

    File URL: https://hstalks.com/article/7157/download/
    Download Restriction: Requires a paid subscription for full access.
    File URL: https://hstalks.com/article/7157/
    Download Restriction: Requires a paid subscription for full access.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Risk management; compliance programme; risk assessment; controls;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • K2 - Law and Economics - - Regulation and Business Law

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aza:jfc000:y:2022:v:5:i:4:p:370-377. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Henry Stewart Talks (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.