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 Pro System Security 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. Pro Location Globe 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. Pro Rightmark Square 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. Pro Briefcase 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. Pro Document Stack 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. Pro Document Consent Product Lifecycle Reviews Protiviti assists clients by taking a holistic approach, assessing risk from critical areas, including compliance, operations, privacy, legal and marketing when developing new, reviewing existing or retiring current products. 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:Program Design and ImplementationProgram Self-AssessmentsMonitoring & TestingRisk AssessmentIssue Resolution and Customer Remediation Third-Party Risk Management Download 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 ... Learn More 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 ... Learn More Featured insights and client stories BLOG U.K. Online Safety Act: The Impact on Tech Firms and Critical Compliance Considerations The U.K. Online Safety Act (OSA) is part of a suite of new online-safety and consumer-protection regulations aimed at safeguarding users from harmful content on digital platforms. Its implementation is planned in three phases from 2025 to 2026. ... INSIGHTS PAPER Best Practices for Building a Sustainable PCI DSS Compliance Program Creating and maintaining a sustainable PCI DSS compliance program is a crucial and complex task for organizations to protect payment card transactions and uphold consumer trust. 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