Overview
The Business Risk Assessment (BRA) is the cornerstone of any effective financial crime compliance framework. If the BRA is flawed or generic, the entire compliance structure remains vulnerable. This course looks at exactly what constitutes a "sufficient" and robust BRA. We will explore the critical components required to satisfy increasingly stringent regulatory expectations, focusing on how to tailor assessments to the specific nuances of your business model.
Suitable for
Participants working in fund administration and corporate service administration with business risk assessment responsibilities as well as risk management professionals.
Session content
- Definition and importance of Business Risk Assessments
- Regulatory context
- Key components of effective BRAs
- Best practices for tailoring BRAs
- Continuous monitoring and updating of BRAs
- Integrating BRAs into overall risk management and governance frameworks
Tutor
Heather-Anne Hubbell
Heather-Anne Hubbell is a tax and risk specialist with an extensive legacy in financial services, strategic planning and governance who designs and delivers directors and company secretary training based on her experience as a director and company secretary and on working with global financial institutions and their directors’ responsibilities.
She has an LLB from Western Ontario and an LLM from Osgoode Hall Law School in Toronto.
Heather-Anne now provides risk, governance and strategic transformation services to a range of international clients, as well as running a number of businesses in the UK and Channel Islands.
