Coffee Break Compliance — Episode 3

Episode 3 — How do you identify the conduct risks inherent within your business?

Lesson 3 Recap

5 questions you need to be thinking about this week

1. Has the Firm clearly articulated its conduct risk: definition appetite; taxonomy; desired outcomes; measures; testing; tolerances; and, strategy?
2. How does the firm conduct risk framework align to its business model, customer base, product offerings and jurisdictional footprint?
3. How does the conduct risk taxonomy take into account behavioural economics biases for senior managers, employees and customers?
4. How does the firm identify new/changing conduct risks e.g. from upstream risk, read across, people/structure geographical presence/, systems/product change etc.?
5. What remediation has the firm put in place to address already identified conduct risks, and what Management Information (“MI”) does the firm have to assess effectiveness?

Conduct Coffee Break Compliance — Episode 4

Conduct Risk Mission?

If you need help with Conduct Risk please visit: www.theconductmind.com

or email me personally at tyler.woollard@theconductmind.com