Minimizing the likelihood of potential threats and risks being realized is one of the main tasks of compliance. The organization of work in this area is based on the following stages:
Stage 1. Research of the current business processes of the organization to identify potentially dangerous risks and threats.
Stage 2. Formation of a compliance risk map. It will clearly show the most vulnerable areas that require special attention.
Formation of a compliance risk map
Stage 3. Analysis nurse database of identified compliance risks, determination of their level and the consequences that their implementation may lead to.
Stage 4. Development of methods for minimizing identified threats in order to optimize the business processes operating at the enterprise in order to minimize the likelihood of their occurrence, as well as to prevent possible consequences.
The following methods can be used to reduce compliance risks in the work activities of employees of an organization:
cascading distribution of responsibilities and job duties to eliminate the possibility of bribery and bribes;
restricting access to information data of personnel from different departments and divisions;
granting the right to choose the final decision to those employees for whom it does not affect the KPI in any way.
Stage 5. Continuous monitoring of all business processes of the organization , adjustment of procedures and compliance control schemes, if necessary.
Download a useful document on the topic:
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Risk compliance control tools
Organizing a compliance control system at an enterprise is a rather labor-intensive procedure. To simplify it, you can use specialized software that will help ensure that your organization operates within the framework of current laws and regulations. For example, ESPEAR, Intelligent Compliance Manager, Searchinform, etc. When choosing tools for implementing compliance control in a company, remember two basic principles of its organization and operation:
Responsibility must be distributed among all structural divisions and employees of the organization.
Compliance control over all processes must be carried out on an ongoing basis.
As challenging as it may seem to set up such a system, find the resources and opportunities to create it because this structure will greatly increase the chances of your business thriving.