Non-Financial Risk Management: Regulatory fines, warnings and investigations persist across non-financial risks Download Whilst many banks have embedded management of traditional financial risks such as credit and market, CROs and CCOs are under increasing pressure to address known and emerging non-financial risks. Pressure is further exacerbated by shrinking budgets and increasing costs of managing expanding control stacks, as well as remediation programmes driven by risk and control self-assessment (RCSA) blind spots for non-financial risks. Download Topics Risk Management and Regulatory Compliance Some banks are reimagining the way they treat NFRs, focussing on: Embedding proactive identification: regulatory scanning and RCSA and taxonomy Continuous monitoring to achieve compliance: measures and reporting Embedding end to end strategies: people and culture and risk technology How Protiviti can help? We work with 92% of Fortune 100 Financial Service Clients and 80% of the world's largest banks. We have delivered a number of non-financial risk management engagements. Our accelerator frameworks support non-financial risk management. To get started, we can help you conduct a rapid assessment to discover high level pain points related to the management of non-financial risk. We can then conduct a hypothesis led design thinking workshop to support identification of data driven solution. Using insights gathered, we can curate a proposal outlining issues identified, and a proposed book of work to support your NFRM journey. Leadership Bernadine Reese Bernadine is a Managing Director within our Financial Services Industry (FSI) Regulatory practice in the UK. Prior to joining Protiviti ten years ago, Bernadine was a Director in KPMG’s Regulatory Services practice. A chartered accountant by training, Bernadine has over ... Learn more
