R&G Insights Lab host webinar on Data Driven and Human Centered Risk Management

We were delighted to host the first of our R&G Insights Lab webinar series, on Data Driven and Human Centered Risk Management. The presentation included contributions from partners Amanda Raad, Alex Rene and Rosemarie Paul.

The discussion focused on the practical implementation of analytics and how this can be utilized in compliance and risk management.

The presentation centered around a case study, designed to help compliance and risk teams develop a framework for answering a simple, but important question: “does my compliance program actually work?” This framework requires compliance teams to look not only at what they are “doing” but also ask “is it working?” 

The “Do” analysis involves:

• considering the compliance program that is in place (training, policies, risk assessments, etc.)
• assessing if there are any gaps that need to be addressed

The “Is it working?” analysis involves:

• looking at employee awareness of relevant risks, as well as the policies, procedures, governance and control frameworks put in place to mitigate them
• assessing if employees understand what is expected of them and how to execute in a compliant way
• analyzing employee behavior to confirm that employees are meeting compliance requirements

We are looking forward to presenting the next webinar in this three-part R&G Insights Lab series, which will focus on culture, diversity, equity and inclusion. Please email our events team at RGEvents@ropesgray.com to pre-register. We will follow up with details soon.