MetricStream Workshop - 10th July 2019, Tuesday at New York Marriott Marquis

Workshop

Date: 10th July 2019
Venue: New York Marriott Marquis
Time: 8:00 AM – 5:00 PM

Compliance Management by Design Workshop

Blueprint for an Effective, Efficient & Agile Compliance Management Program

Compliance is not easy. Organizations across industries have global clients, partners, and business operations. The larger the organization the more complex its operations. Adding to the complexity of global business, today’s organization is dynamic and constantly changing. The modern organization changes by the minute. New employees come, others leave, roles change. New business partner relationships are established, others terminated. The business enters new markets, opens new facilities, contracts with agents, or introduces new products. New laws are introduced, regulations change, the risk environment shifts (e.g., economic, geo-political, operational), impacting how business is conducted.

The dynamic and global nature of business is particularly challenging to compliance management. What may seem insignificant in one area can have profound impact on others. Compliance obligations and ethical risk is like the hydra in mythology—organizations combat risk, only to find more risk springing up. Executives react to changing compliance requirements and fluctuating legal and ethical exposure, yet fail to actively manage and understand the interrelationship of risk and compliance.

To maintain compliance and mitigate risk exposure, an organization must stay on top of changing regulatory requirements as well as a changing business environment, and ensure changes are in sync. Demands from governments, the public, business partners, and clients require your organization to implement defined compliance practices that are monitored and adapted to the demands of a changing business and regulatory environment. Compliance activities managed in silos often lead to the inevitable failure of an organization’s governance, risk management, and compliance (GRC) program. Reactive, document-centric, siloed information and processes fail to manage compliance, leaving stakeholders blind to the intricate relationships of compliance risk across the business. Management is not thinking about how compliance and risk management processes can provide greater insight. This ad hoc approach results in poor visibility across the organization and its control environment.

Yesterday’s compliance program no longer works. Boards desire a deeper understanding of how the organization is addressing compliance risk, whether its activities are effective, and how they are enhancing shareholder value. Oversight demands are changing the role of the compliance department to an active, independent program that can manage and monitor compliance risk from the top down. The breadth and depth of compliance risk bearing down on companies today requires a robust compliance program operating in the context of integrated enterprise risk management. This workshop aims to provide a blueprint for attendees on effective compliance management in a dynamic business, regulatory, and risk environment. Attendees will learn compliance management governance and process that can be applied across the organization at either an enterprise or a department level. Learning is done through lectures, collaboration with peers, and workshop tasks.

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Objectives of workshop

Attendees will take back to their organization approaches to address:

Benefits to attendees
Who should attend?


Agenda
10th  July 2019
Part 1: Compliance Management by Design Why Compliance Management Matters
  • Compliance in Disarray: how organizations mismanage compliance
  • Compliance Exposure: how mismanaged compliance expose the organization to risk
  • Current drivers & trends pressuring organizations in compliance management
  • Different ways organizations approach compliance management
  • What Effective Compliance Management Achieves: Compliance role in governance, risk management, and compliance
Part 2: Compliance Governance Blueprint for Effective Compliance Management
  • Compliance Governance Committee: bringing together the range of compliance management roles and responsibilities in the organization
  • Compliance Management Charter: defining a structure to govern compliance across the organization
  • How to Develop a Compliance Management Strategic Plan
Part 3: Compliance Management Lifecycle Managing Compliance in Context of Business and Regulatory Change
  • Compliance obligation identification
  • Ongoing compliance and business context monitoring
  • Compliance communications & attestations
  • Compliance monitoring & assessment
  • Compliance forms & approvals
  • Compliance metrics & reporting
  • Compliance evaluation, benchmarking & assurance
Part 4: Compliance Management Architecture Enabling Information & Technology Management for Compliance Management
  • Compliance Management Information Architecture: Blueprint for Managing Compliance Content and Related Data
    • Types of compliance management information and how it integrates into compliance processes
    • Components and requirements for a compliance information architecture
  • Compliance Management Technology Architecture: Blueprint for Enabling Compliance Management Processes with Technology
    • Kinds of compliance management technologies and what best serves the organization
    • Capabilities and requirements of compliance management platforms
  • Compliance Management Business Case: Articulating the Value of Effective Compliance Management
Venue

New York
New York Marriott Marquis
1535 Broadway, New York, NY 10036, USA


Michael Rasmussen - Chief GRC Pundit, GRC 20/20Michael Rasmussen
Chief GRC Pundit, GRC 20/20
 

Mr. Rasmussen is an internationally recognized pundit on governance, risk management, and compliance (GRC) – with specific expertise on the topics of enterprise GRC, GRC technology, corporate compliance, and policy management. With 18+ years of experience, he helps organizations improve GRC processes, design and implement GRC architecture, and select technologies that are effective, efficient, and agile. He is a sought-after keynote speaker, author, and advisor and is noted as the 'Father of GRC' - being the first to define and model the GRC market in February 2002 while at Forrester. He has contributed to U.S. Congressional reports and committees, and currently serves on the Leadership Council of the OCEG and chairs the OCEG Technology Council, OCEG Policy Management Group, and the OCEG GRC Architect Group. He is quoted extensively in the press and is respected for his commentary on broadcast news channels. He is an Honorary Life Member in The Institute of Risk Management for his contributions to risk management and GRC. In June 2007, Treasury & Risk recognized he as one of the 100 most influential people in finance with specific accolades noting his work in 'Governance and Compliance: Saving the Planet and the Corporation' and as a 'Rising Star in Rocky Times: Corporate America's Outstanding Executives.' Prior to founding GRC 20/20 Research, he was a Vice-President and 'Top Analyst' at Forrester Research, Inc. Before Forrester, he led the risk/compliance consulting practice at a professional services firm, and prior to that has specific experience managing compliance and risk within commercial organizations. His educational experience consists of a Juris Doctorate in law and a Bachelor of Science in Business. He is currently pursuing a Master of Divinity at Trinity Evangelical Divinity School with a research focus in ethics and church history. He is a GRCP (GRC Professional), CCEP (Certified Compliance and Ethic Professional), and a CISSP (Certified Information Systems Security Professional). OCEG has recognized him as an OCEG Fellow for his contributions and advancement of GRC practices around the world.

Speaker2Nisha Sharma
Senior Manager
MetricStream
 

Ms. Sharma leads the marketing efforts for Audit and Risk Management Solutions offerings within MetricStream. She has over 9 years of experience primarily in consulting and marketing and was associated with the tax consulting practice for one of the big 4 consulting firms and have been engaged with multiple Fortune 500 organizations in this capacity. She has a Bachelor of Commerce (Honors) from Delhi University.

Speaker3Nisha Sharma
Senior Manager
MetricStream
 

Ms. Sharma leads the marketing efforts for Audit and Risk Management Solutions offerings within MetricStream. She has over 9 years of experience primarily in consulting and marketing and was associated with the tax consulting practice for one of the big 4 consulting firms and have been engaged with multiple Fortune 500 organizations in this capacity. She has a Bachelor of Commerce (Honors) from Delhi University.

Speaker4Nisha Sharma
Senior Manager
MetricStream
 

Ms. Sharma leads the marketing efforts for Audit and Risk Management Solutions offerings within MetricStream. She has over 9 years of experience primarily in consulting and marketing and was associated with the tax consulting practice for one of the big 4 consulting firms and have been engaged with multiple Fortune 500 organizations in this capacity. She has a Bachelor of Commerce (Honors) from Delhi University.