Strategic Review & Risk Appetite
The purpose of a strategic review is to help you to build the most effective and efficient operating model to oversee and mitigate adequately Compliance and Anti-Financial Crime risks. The review covers the governance; board of directors and senior management committees; culture and tone from the top; reporting lines, internal organization and responsibilities of the three lines of defense and its processes and controls; and level of maturity of the Compliance and Anti-Financial Crime program.
- Is your compliance and anti-financial crime operating model in line with your business strategy and with regulatory expectations?
- How can you improve the culture and corporate governance of your company? Are the board, senior management and the three lines of defense duly structured and organized to perform its role?
- Can its efficiency and effectiveness be improved?
In a strategic review should always be embedded an assessment of the risk profile and risk appetite of the company, to ensure that Business strategy and Compliance and Anti-Financial Crime strategy are supplementary and working towards the same goals.
