Your compliance officer must be equipped to meet regulatory challenges head on. With every new rule change or legislative act, they will have to understand how it impacts your business, document new policies, and communicate these changes to the rest of your organization. In this ever changing regulatory environment, Compliance Officers have a challenging task before them — to enable a holistic coordinated approach to compliance while empowering the growth of the business and maximising opportunities.
Red Flare can help streamline processes, enable your people can do more in less time, and reduce compliance spending for your organization
Red Flare enables Compliance Officers and their teams to effectively juggle the compliance requirements of each business function, as well as the potential risks
Red Flare’s Solution Can Help
Gain a real-time, enterprise-wide view of compliance posture, risks, and mitigation efforts
Provide insights to the senior management and board on potential compliance risks, monitoring results, regulatory changes, and their impact on business performance.
Align compliance reporting to the risk appetite framework and risk management expectations
Adopt a risk-driven approach to compliance
Identify potential risks and control weaknesses; prioritize compliance efforts accordingly.
Gain visibility into the relationships across the compliance and risk universe, thereby improving synergies
Enable a culture of compliance by strengthening collaboration across the three lines of defense
Enhance accountability and responsibility for compliance by efficiently allocating tasks such as assessments, mitigation, monitoring, testing, and auditing
Enable accurate coverage of compliance risks and controls; minimize the duplication of effort
Implement a robust regulatory change management process
Proactively monitor regulatory changes, and understand their impact on the business
Provide actionable advice on the business changes needed across geographies, products, and services