KNOW YOUR OBLIGATIONS® (KYO®)
Compliance Risk Assessment
Review and assess your compliance obligations to identify policies, procedures and controls that need adjustment.
Ongoing Compliance Risk Assessment Starts Here
Sometimes the annual review just isn’t enough. MCO’s Compliance Risk Manager offers continuous monitoring of policies, procedures, and controls to meet regulatory expectations.
COMPLIANCE BUILT BETTER™
WHERE IS COMPLIANCE RISK EMERGING?
As regulatory developments unfold and new products or services are added to the business of your firm, your compliance team needs to update policies, procedures and controls to keep pace. KPIs and risk scoring enable you to identify potential problem areas early so you can proactively take corrective action.
WHICH RISKS ARE THE MOST SEVERE?
Not all compliance risks are equally significant to your firm.
Set priorities for your compliance program by assessing the burden of relevant obligations, the quality of policies and procedures and the level and severity of associated risk.
HOW HAS COMPLIANCE RISK EXPOSURE CHANGED?
Compliance risk exposure changes over time, and an annual compliance review isn’t always enough to keep up. With risk levels always shifting, our solution lets you evaluate your response to regulatory obligations on an ongoing basis.
Visualize gaps and overlaps in the firm’s policy control frameworks to identify the policies, procedures and controls in need of adjustment.
Store scenarios in a risk register. Track related incidents and cases.
Understand risk scenarios and potential impacts for all of your compliance obligations.
Schedule audits and reviews of compliance obligations. Understand your current levels of compliance risk and prioritize future tasks.
The platform is designed to be easily customizable to fit the unique needs and policies of different organizations.
Compliance Risk Manager is part of MCO’s Know Your Obligations solution suite. KYO offers firms a structured, integrated solution that links external obligations and regulations to internal policies, procedures and controls.
Firms of all sizes choose KYO to streamline oversight of obligations and develop a complete picture of compliance assurance over time.
