Understanding the company's business model and operations
3
Briefing on the company's compliance and risk management strategies
4
Training on compliance and risk management systems and tools
5
Reviewing the company's policies, procedures, and legal guidelines
6
Assessing the previous risk assessments and compliance reports/taskName
7
Understanding the company's regulatory obligations
8
Approval: Review of compliance procedures and systems
9
Learning the process for dealing with compliance issues
10
Getting familiar with internal stakeholders
11
Understanding the communication process for risk and compliance matters
12
Training on the process of managing compliance audits
13
Understanding the process of reporting compliance breaches
14
Getting familiar with the company's ethics and code of conduct
15
Approval: Understanding of the company's regulatory obligations
16
Understanding the process of risk identification and assessment
17
Training on risk management techniques and mitigation strategies
18
Understanding how to monitor and review the effectiveness of risk management
19
Approval: Review of risk assessments and management strategies
Welcome meeting and introduction to the team
In this task, you will have the opportunity to meet the team and get familiar with your colleagues. This is a great chance to establish connections, ask questions, and start building relationships. By getting to know your team members, you can enhance collaboration and support each other throughout the onboarding process. Share a bit about yourself, your previous experience, and your role in the Risk & Compliance Manager position. Ask your new colleagues about their roles and responsibilities, and find out how you can contribute to their work as well.
Understanding the company's business model and operations
This task aims to give you a comprehensive understanding of the company's business model and operations. By grasping the big picture, you will be better equipped to assess risks and compliance issues that may arise. How does the company generate revenue? Are there any specific market segments or industries the company targets? Which products or services does the company offer? What are the key operational processes? By exploring these questions, you will gain insights into the company's overall strategy and identify potential areas of risk or non-compliance.
Briefing on the company's compliance and risk management strategies
In this task, you will receive a briefing on the company's compliance and risk management strategies. Gain an understanding of the framework and principles that guide the company's approach to compliance and risk management. How does the company identify and assess risks? What are the key compliance requirements that the company must adhere to? By learning about these strategies, you will be able to align your work with the company's goals and contribute to a culture of compliance and risk mitigation.
Training on compliance and risk management systems and tools
In this task, you will receive training on the specific systems and tools used for compliance and risk management in the company. Learn how to navigate and utilize these systems effectively to carry out your tasks and responsibilities. Which systems are used for risk assessment and monitoring? How are compliance issues tracked and resolved? By becoming proficient in these tools, you can streamline your work processes and contribute to the overall efficiency and effectiveness of compliance and risk management.
1
System A
2
System B
3
System C
4
System D
5
System E
Reviewing the company's policies, procedures, and legal guidelines
In this task, you will review the company's policies, procedures, and legal guidelines. Familiarize yourself with the documents that outline the company's expectations and requirements regarding compliance and risk management. What are the key policies and procedures related to risk mitigation? What legal guidelines must the company adhere to in its operations? By understanding these documents, you can ensure that your work aligns with the established guidelines and minimize potential compliance risks.
1
Code of Conduct
2
Data Privacy Policy
3
Whistleblower Policy
4
Conflict of Interest Policy
5
Anti-Money Laundering Policy
Assessing the previous risk assessments and compliance reports/taskName
In this task, you will assess the previous risk assessments and compliance reports conducted by the company. Analyze the findings and outcomes of these assessments to identify any recurring or critical risks and compliance issues. How have these assessments informed the company's risk management and compliance strategies? Are there any areas that require further attention or improvement? By conducting this assessment, you can contribute to a proactive approach in managing risks and enhance the effectiveness of the company's compliance efforts.
1
Critical risks identified
2
Areas of non-compliance discovered
3
Recommendations for improvement
4
Actions taken to mitigate risks
5
Key stakeholders involved
Understanding the company's regulatory obligations
In this task, you will gain an understanding of the company's regulatory obligations. Identify the regulatory bodies or authorities that oversee the industry or sector in which the company operates. What are the key regulations and requirements imposed by these bodies? By understanding the regulatory landscape, you can ensure that the company meets its obligations and avoids any penalties or legal consequences.
Approval: Review of compliance procedures and systems
Will be submitted for approval:
Training on compliance and risk management systems and tools
Will be submitted
Reviewing the company's policies, procedures, and legal guidelines
Will be submitted
Learning the process for dealing with compliance issues
In this task, you will learn the process for dealing with compliance issues that may arise within the company. Understand the steps to take when a compliance issue is identified, from reporting and investigation to resolution and mitigation. How are compliance breaches handled? Who are the key stakeholders involved in the process? By familiarizing yourself with this process, you can respond effectively to compliance issues and minimize their impact on the company's operations and reputation.
Getting familiar with internal stakeholders
In this task, you will get familiar with the internal stakeholders relevant to your role as the Risk & Compliance Manager. Identify the departments or teams within the company that you will be working closely with. Who are the key individuals in these teams? What are their roles and responsibilities? By building relationships with these stakeholders, you can collaborate effectively and ensure a smooth flow of communication and coordination in managing risks and compliance.
1
Legal department
2
Finance department
3
Human Resources department
4
Operations department
5
IT department
Understanding the communication process for risk and compliance matters
In this task, you will understand the communication process for risk and compliance matters within the company. How are risks and compliance issues reported and escalated? Who are the appropriate channels and contacts for raising concerns or seeking guidance? By knowing the communication process, you can ensure that risks and compliance matters are addressed promptly and effectively.
Training on the process of managing compliance audits
In this task, you will receive training on the process of managing compliance audits within the company. Understand the steps involved in planning, executing, and following up on compliance audits. How are audits conducted? What are the key areas of focus during audits? By learning this process, you can contribute to a successful audit and ensure that the company meets its compliance obligations.
1
Data security
2
Financial controls
3
Internal policies and procedures
4
Recordkeeping
5
Employee training
Understanding the process of reporting compliance breaches
In this task, you will understand the process of reporting compliance breaches within the company. How should compliance breaches be reported? What information should be included in the report? Who are the relevant stakeholders involved in the reporting process? By knowing this process, you can ensure that compliance breaches are handled appropriately and addressed in a timely manner.
Getting familiar with the company's ethics and code of conduct
In this task, you will get familiar with the company's ethics and code of conduct. Understand the values and principles that guide the company's operations and decision-making. What are the ethical standards that employees are expected to uphold? How does the company promote a culture of integrity and compliance? By embracing these ethics and code of conduct, you can contribute to a positive work environment and foster trust among colleagues and stakeholders.
1
Integrity
2
Confidentiality
3
Respect
4
Compliance
5
Accountability
Approval: Understanding of the company's regulatory obligations
Will be submitted for approval:
Understanding the company's regulatory obligations
Will be submitted
Understanding the process of risk identification and assessment
In this task, you will understand the process of risk identification and assessment within the company. How are risks identified? What are the methods and tools used for risk assessment? By understanding this process, you can contribute to a comprehensive and systematic approach in identifying and assessing risks that the company may face.
1
Risk matrix
2
SWOT analysis
3
Scenario analysis
4
Control self-assessment
5
Quantitative risk analysis
Training on risk management techniques and mitigation strategies
In this task, you will receive training on risk management techniques and mitigation strategies. Learn about different approaches to risk management and understand the importance of mitigating risks to protect the company's interests. What are the key techniques used for risk mitigation? How can risks be effectively controlled and reduced? By acquiring these skills, you can contribute to the development of risk management strategies that safeguard the company's objectives and assets.
1
Risk avoidance
2
Risk transfer
3
Risk mitigation
4
Risk acceptance
5
Risk diversification
Understanding how to monitor and review the effectiveness of risk management
In this task, you will understand how to monitor and review the effectiveness of risk management within the company. Learn about the key performance indicators and metrics used to measure the success of risk management strategies. How frequently should risk management practices be reviewed? What are the mechanisms for collecting and analyzing risk data? By knowing how to monitor and review risk management, you can continuously improve the effectiveness of risk mitigation efforts.
Approval: Review of risk assessments and management strategies
Will be submitted for approval:
Assessing the previous risk assessments and compliance reports/taskName
Will be submitted
Understanding the company's regulatory obligations
