Compliance Risk Management

Leverages regulatory compliance to mitigate risk and enable innovation.

There's a better way to manage the burden of regulatory compliance. Imagine if functions were aligned to business objectives, processes were optimized, and procedures were automated and enabled by data and technology. Regulatory requirements would be met with efficiency. Controls become predictive instead of reactive. Employees derive more value from their roles. The business can take comfort that their reputation is protected, allowing for greater focus on growth and innovation.

Protiviti helps organizations integrate compliance into agile risk management teams, leverage analytics for forward-looking, predictive controls, apply regulatory compliance expertise and utilize automated workflow tools for more efficient remediation of compliance enforcement actions or issues, translate customer and compliance needs into design requirements for new products or services and establish routines for monitoring regulatory compliance performance.


Integrate compliance into agile risk management teams

Our Compliance Risk Management Services

First Line of Defense (FLOD): Readiness, Transformation and Monitoring

We assist First Line of Defense (FLOD) with their overall compliance program and establish monitoring and testing activities to validate established processes and controls are effective in mitigating risk.

 

Second Line of Defense (SLOD): Compliance Risk Assessments, Compliance Testing

We develop risk assessments, testing requirements or overall methodology. Compliance Risk Assessments and Compliance Testing are critical tools that SLOD can use to monitor compliance effectively and identify gaps.

 

Third Line of Defense (TLOD): Audit Plan Development/Compliance Audits

Protiviti focuses on documenting an Audit strategy to monitor companies’ compliance with applicable regulations and policies and procedures. Audit plans should be developed based upon a client’s level of risk acceptance.

 

Compliance Management System (CMS) Reviews/Development

Protiviti ensures all pillars of the CMS, board and management oversight, compliance program, and compliance audit work cohesively to mitigate risk. A CMS is an effective tool for companies to manage risk and foster a culture of compliance.

 

Regulatory Change Management

Protiviti’s helps clients understand the impact of regulatory change and how to implement the requirements to ensure compliance. Having an effective regulatory change management program is crucial in an ever-changing regulatory environment.

 

Compliance can provide a unique competitive edge

Our Approach


In a dynamic world, Protiviti’s agile risk management framework helps you fully understand the risks to your business and the critical information you need to protect it. A strong regulatory compliance function leads to more than reduced risk of non-compliance and regulatory penalties, but also to improved customer experience, enhanced brand loyalty, and increased value for stakeholders. While compliance is an understood necessity, it can also provide a unique competitive edge.

Protiviti’s Compliance Risk Management Services include:

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Compliance can provide a unique competitive edge

Leadership

Shelley Metz-Galloway
Shelley Metz-Galloway is a Managing Director in Protiviti’s Metro D.C. Office. She has more than 25 years in the financial services industry. Shelley offers expertise in consumer regulatory compliance, enforcement action response and remediation, compliance, fair ...
Jeffery Allen
Jeffery is a Managing Director in Protiviti’s Risk and Compliance Practice specializing in Banking and Capital Markets. He has over 20 years of experience in the areas of management consulting; advising clients on strategy, operations, IT, and risk. He has also worked ...

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