IBM RegTech Innovations

Take a risk-based approach to compliance management

Share this post:

Please note the date of this event has changed. The new date is April 8th. 

Senior executives at financial services institutions have expressed the need for a stronger link between compliance and risk as stories of improper conduct and regulatory require­ments for AML, sanctions, customer fairness, data protection and privacy continue to dominate the business headlines. In particular, there is a growing need for a smarter approach to meeting the increasingly complex body of regulatory obligations facing financial institutions.

Key elements of an effective GRC program

Compliance, legal and risk professionals are looking for an end-to-end frame­work to manage compliance requirements in a way that improves overall governance, risk and compliance (GRC) program effectiveness.  Is your firm setting standards for meeting regulatory compliance and establishing the key foundational elements such as risk metrics, a compliance risk taxonomy, and regulatory-obligation inventory? What are some of the key elements of a GRC framework needed to keep pace with regulatory change and conduct a rigorous assessment of compliance risk?

Attend IBM Watson Financial Services RegTech Forum in Washington, DC on April 8

Focusing on such challenges, IBM and Promontory Financial Group host an afternoon gathering for senior risk and compliance executives. Mr. William Lang, former Executive Vice President and Lending Officer, Federal Reserve Bank of Philadelphia, provides the opening address at the IBM Watson Financial Services RegTech Forum. Mr. Lang had a distinguished 13-year career with the Federal Reserve and contributed majorly to the Federal Reserve Board’s Comprehensive Capital Analysis and Review and led the development and implementation of the review’s model-validation program. He also co-chaired the risk committee for systemically important banks, and created and led the Federal Reserve’s quantitative group responsible for stress-testing modeling and Basel II analysis of consumer credit.

The IBM RegTech Forum explores strategies for implementing an end-to-end framework to manage compliance requirements in a way that improves overall governance, risk and compliance (GRC) program effectiveness. Topics under discussion include:

  • The need for a framework that removes the manual administration of monitoring external regulation changes, determining the applicability and impact of those changes to the organization, and developing a plan to assess and remediate the risk
  • Challenges and solutions for end-to-end management of regulatory obligations and associated controls across the full range of business lines, products, entities, and geographies
  • The need for tailored content and timely alerts of relevant regulatory changes
  • The strategies and practices to implement compliance obligations management enterprise-wide

The event is being hosted at Promontory Financial Group headquarters in Washington, DC on April 8, 2019. An IBM company, Promontory is a leading risk management and regulatory-compliance consulting firm with deep expertise in global and national financial services regulation.

Timed to fit tight schedules, the April 8th event starts at 3:00 PM. There are peer-networking opportunities and a closing reception at 5:00 PM. Attendees can ask questions and discuss their unique issues with IBM and Promontory risk and compliance experts and senior management.

Seating for this exclusive gathering of senior risk and compliance executives’ event is limited. Please register today at http://ibm.biz/WFSForum

Watson Financial Services RegTech Forum

April 8, 2019 (Note new date)
801 17th Street NW, Suite 1100
Washington, D.C.

Portfolio Marketing Lead, Watson Financial Services

More IBM RegTech Innovations stories

IBM in “Leaders” Quadrant of 2019 Gartner Magic Quadrant for IT Risk Management, fourth report in a row

Our goal has always been to provide our customers with the tools and insights that help them meet their governance, risk and compliance (GRC) needs, and we do so, by leveraging the innovation of IBM within a single ecosystem. It’s gratifying to see IBM once again positioned in the Leaders Quadrant of the 2019 Gartner […]

Continue reading

Survey shows that tools with strong user experience are key to better risk management across the enterprise

Today, risk-awareness and risk averse behavior is the responsibility of everyone in the firm, so staff need to be able to engage in the common goal of regulatory compliance. In the current complex regulatory environment (see Figure 1), and with growing costs associated with reporting, Know Your Customer (KYC), sanctions and the like, it is […]

Continue reading

What customer complaints can tell you about your experience (and your compliance)

Until recently, the words “customer experience” and “compliance” didn’t really come up in the same conversation – let alone exist in the same universe. The former was the domain of customer care professionals, contact center managers, marketing leaders and digital strategy teams with the goal of helping streamline and simplify products and services, as well […]

Continue reading