REGULATORY CHANGE MANAGEMENT FOR CONNECTED RISK®
Regulatory change management enables your compliance team to actively manage change in a connected and structured manner with both speed and precision
The regulatory environment is rapidly evolving, creating compliance risks and operational challenges for organizations. With the rate of regulatory alerts continually increasing, it is critical that firms manage their compliance risks and allocate resources where it matters.
We understand that to stay compliant and adequately assess the impact of changing regulations, you need confidence that your firm’s policies and procedures are always aligned with emerging regulatory rules.
A robust regulatory change management framework enables organizations to better adapt to rule changes. Our award-winning Regulatory Change Management solution empowers your compliance team to actively manage change in a connected and structured manner with both speed and precision.
Regulatory Change Management, a solution on our Connected Risk® platform, empowers organisations with a connected and comprehensive approach to this process, enabling your compliance team to understand and action on that data.
Empower your regulatory change practices with features available right out of the box
Regulatory Change Management connects your organisation to the ever-changing regulatory environment, helping you foster a deeper understanding of the rule changes affecting day-to-day business processes.
To clearly outline what steps were taken during the change management process, as well as evidence risk and controls, this solution enables you to identify what compliance decisions were made across the business with a full audit trail.
As part of our reporting capabilities, your compliance team can:
- Identify overdue items and critical data by status
- View regulatory change as it occurs, by status, region, sector, theme, and level of risk
- Understand how regulations relate to business units and identify which policies are in place to manage compliance risk
Regulatory Change Management includes extensive regulatory relations management capabilities. The solution creates a single source of truth of all contact details avoiding duplication and minimising the risks of miscommunication. The engagement is captured including users and their roles and every engagement can also be tied to a business unit(s) which helps organise and report all associated exams, attestations and controls tied in one place.
Our Policy Management module enables your organisation to connect regulatory change to your policy lifecycle
This complementary solution provides a comprehensive breadth of agile, integrated, and smart policy management functionality including library management, authoring, review and publication as well as attestation and breach and policy exception management.
Your function is part of a broader risk ecosystem, encompassing neighbouring risk and compliance functions, you will have access to several pools of relevant risk data. Often this will not necessarily abide to a common standard and may reside on multiple legacy solutions that are not integrated. The Connected Risk® platform, which underpins Regulatory Change and Policy Management, can draw upon this data using advanced data modelling and mapping capabilities that also facilitates a greater degree of standardisation.
The solution maximizes the value these capabilities bring. We offer flexible assessment matrices that draw on data from any risk and compliance functions you choose to connect with. Based on the intelligence these connections provide, you can apply mid-cycle directional changes in your assessment plan to ensure it remains focused on what matters most at any given time.
Connected Risk® provides you with a single source of truth that provides infinite linkage capabilities, and in turn, increases data quality and knowledge sharing
Connected Risk® utilises enhanced drag-and-drop and powerful data mapping capabilities for creating additional taxonomies and linkages into neighbouring risk areas.
The Regulatory Change Management module is highly configurable and can help your teams.
Tailor-made, just for your organisation
Tailor the solution to meet your organisation’s growing policy management needs
Evolve with regulatory change
Ensure evolving regulatory needs and internal policy updates are incorporated into the organization’s model inventory management.
Provide evidence with integrated reporting
Provide evidence of the latest taxonomies and relationships with our integrated reporting capabilities.
Expand with our RESTful API
The Connected Risk® platform provides RESTful web service endpoints that allow bi-directional integration of your data.
Start a free trial of Connected Risk®'s regulatory change management module and see how your organisation can advance with confidence
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Expand and integrate your solution with
Policy Management
Manage your organisation's policy changes with regular reviews and checkpoints.
Compliance Management
Aggregate & streamline compliance programmes and reveal an understanding of your risks.
Operational Risk Management
Quickly identify, capture and manage multiple sources of risk across the enterprise.
"Powerful Platform For Compliance With Dynamic Regulatory Environment"
“The product is a powerful platform for regulated firms in the financial industry to comply with the ever-changing regulatory environment. The software helps my organization navigate rules and regulations, internal processes, and regulatory reporting requirements.”
Senior Associate, Finance Organisation with an annual return of $1-3BN USD
