I have managed compliance with regulations in a way that mitigated material risks from unrecognized and unforeseen complexities in IT systems. Specific processes:
- A monthly capture all potential compliance items being tracked, with review of journals for early insight into the future compliance regulation will be focus.
- Bring reporting visibility to any regulation in the process of being proposed which impact systems along with the level of materiality to our business.
- Direct IT in collaboration with the business to perform an impact assessment with the watch list and an immediate flag to senior management.
I am always strive to ensure compliance regulations are followed without major business reputation and cost exposure.