Performing Risk Assessments

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?

The online Master of Studies in Law (MSL) in Corporate Compliance from Fordham Law provides non-lawyers with the opportunity to earn a degree from a top-40 law school and advance their knowledge of compliance. Through interactive online learning, Fordham Law School prepares professionals with the specific skills needed to find effective, ethical compliance solutions and advance their careers. This flexible program is designed for working professionals and can be completed entirely online—with morning and evening classes—and in as few as 12 months. No postgraduate work experience is required to apply.

Master of Studies in Law | Fordham MSL Online