A thoughtful, thorough risk assessment is a compliance program’s bread and butter. But are you sure you’re buttering your bread the right way? During this ETHICSVERSE on-demand recording, our panel of experts explored everything that a risk assessment can be.
An effective, efficient risk assessment doesn’t just check the boxes, but caters to your organization’s evolving operations and business practices. Create a process that identifies all the risks, vulnerabilities, and existing issues within your organization, so you can be proactive, not reactive.
Questions explored:
What process should compliance officers use to generate a thoughtful, informative risk assessment?
How can you analyze business practices in the First Line to understand the risks that arise internally?
How should you monitor key risk indicators or external events like regulatory change?
How should your risk assessment change over time?
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Karen Moore is the Chief Compliance and Privacy Officer at Unisys and an adjunct professor at the Fordham University School of Law. Karen received her BA from Middlebury College, a JD from Emory University, and a certificate of European legal studies from Leiden University. Karen began her career as a judicial clerk at the US Court of International trade, garnered experience in private practice with a global law firm, and has held senior law and compliance positions with various companies, including NASDAQ.
Anthony M. Palma
Fordham University School of Law & Gabelli School of Business | Professor
Anthony M. Palma is a member of the faculty of the Fordham University School of Law and the Fordham University Gabelli School of Business, Graduate Division, with subject matter expertise in Enterprise Risk Assessments, Business Ethics, Global Corporate Compliance, Global Corporate Governance, FinTech Compliance, Investor Relations, and Corporate Communications.
Matt Kelly
Radical Compliance | Editor & CEO
Matt Kelly is editor and CEO of RadicalCompliance.com, a blog, and newsletter that follows corporate governance, risk, and compliance issues at large organizations; it includes the Compliance Jobs Report, a weekly update on compliance professionals moving around the industry. He also speaks on compliance, governance, and risk topics frequently. Kelly was named as ‘Rising Star of Corporate Governance’ by Millstein Center for Corporate Governance in inaugural class of 2008; and named to Ethisphere’s ‘Most Influential in Business Ethics’ list in 2011 (no. 91) and 2013 (no. 77). In 2018 he won a Reader’s Choice award from JD Supra as one of the Top 10 authors on corporate compliance. Kelly previously was editor of Compliance Week, a newsletter on corporate compliance, from 2006 through 2015.
Nick Gallo
ComplianceLine | Chief Servant & Co-CEO
Chief Servant and Co-CEO of ComplianceLine, which provides compliance solutions to some of the largest organizations in the world, Nick is a student of behavioral economics and organizational psychology and has worked with and analyzed hundreds of organizations over his career in advisory services, private equity, and compliance. He has seen first-hand the transformative impact compliance and culture can have on generating sustainably superior results. Nick has a B.S in Finance, Accounting and Economics from Indiana University, is a member of Mensa International, Certified Public Accountant, and CFA Level 3 candidate, and has dedicated his life to serving -- his community, clients, team -- in order to make the world a better workplace.
