Automation of Compliance        Management – Implementation ConsiderationsRonald Fernandes, SVPAxis Bank, Compliance Depar...
Copyright © 2013 , SAS Institute Inc. All rights reserved.
Compliance Framework 1. Organisation Structure 2. Structure of Compliance Department 3. Linkages    with    key           ...
Organization Structure                                                                                BANKDepartments     ...
Data Integration                                       Complaints                    Frauds                   Regulatory c...
Automation suggestions  1. Compliance with laws and regulations  2. Compliance Risk ManagementCopyright © 2013 , SAS Insti...
Compliance with laws and regulations 1. Regulatory changes 2. Regulatory returns 3. Regulatory correspondenceCopyright © 2...
Compliance Risk Management 1. Compliance Risk Assessment             •                Process/Control documentation       ...
Compliance Risk Assessment Framework                                   (Contd..)                                          ...
Control Environment                                                                                    Maker              ...
Reporting to Management/Board 1. Breach Management 2. Resolution status 3. DashboardsCopyright © 2013 , SAS Institute Inc....
Do what works for your organizationCopyright © 2013 , SAS Institute Inc. All rights reserved.
Q&ACopyright © 2013 , SAS Institute Inc. All rights reserved.
Thank YouMr. Ronald Fernandes, SVPAxis Bank Ltd., Compliance Department022 – 2425 2207+91 98219 31307   Copyright © 2010, ...
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Axis Bank - SAS Forum India: Automation of Compliance Management – Implementation Considerations

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An exclusive presentation by Ronald Fernandes, SVP - Compliance Department - Axis Bank on 'Automation of Compliance Management – Implementation Considerations. The presentation was made at SAS Forum India 2013.

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Axis Bank - SAS Forum India: Automation of Compliance Management – Implementation Considerations

  1. 1. Automation of Compliance Management – Implementation ConsiderationsRonald Fernandes, SVPAxis Bank, Compliance Department
  2. 2. Copyright © 2013 , SAS Institute Inc. All rights reserved.
  3. 3. Compliance Framework 1. Organisation Structure 2. Structure of Compliance Department 3. Linkages with key departments besides business/operationsCopyright © 2013 , SAS Institute Inc. All rights reserved.
  4. 4. Organization Structure BANKDepartments D1 D2 D3 Business B2 B3 B4 B5 B1Assessment AU1 AU2 AU3 UnitsCopyright © 2013 , SAS Institute Inc. All rights reserved.
  5. 5. Data Integration Complaints Frauds Regulatory changes Products/ Internal/External Audits Business Change Management Internal Controls/ Processes Policies/Manuals Control Test Steps Regulatory Correspondence Regulatory Returns Regulatory Sanctions Banking Industry Regulatory StricturesCopyright © 2013 , SAS Institute Inc. All rights reserved.
  6. 6. Automation suggestions 1. Compliance with laws and regulations 2. Compliance Risk ManagementCopyright © 2013 , SAS Institute Inc. All rights reserved.
  7. 7. Compliance with laws and regulations 1. Regulatory changes 2. Regulatory returns 3. Regulatory correspondenceCopyright © 2013 , SAS Institute Inc. All rights reserved.
  8. 8. Compliance Risk Management 1. Compliance Risk Assessment • Process/Control documentation • Universe of applicable regulations 2. Compliance Monitoring • Self Certification • Key Compliance Indicators • Compliance TestingCopyright © 2013 , SAS Institute Inc. All rights reserved.
  9. 9. Compliance Risk Assessment Framework (Contd..) Components of CRA Inherent Risk Control Environment = Impact X Likelihood Control quality assessment Control performance Cluster of Assessment assessment regulations UnitCopyright © 2013 , SAS Institute Inc. All rights reserved.
  10. 10. Control Environment Maker Checker Preventive & Detective Control Quality Index (CQI) Manual & IT GRC Self Control Assessment Environment Score KCIs Control Performance Testing by IAD Index (CPI) Testing Theme based review by ComplianceCopyright © 2013 , SAS Institute Inc. All rights reserved.
  11. 11. Reporting to Management/Board 1. Breach Management 2. Resolution status 3. DashboardsCopyright © 2013 , SAS Institute Inc. All rights reserved.
  12. 12. Do what works for your organizationCopyright © 2013 , SAS Institute Inc. All rights reserved.
  13. 13. Q&ACopyright © 2013 , SAS Institute Inc. All rights reserved.
  14. 14. Thank YouMr. Ronald Fernandes, SVPAxis Bank Ltd., Compliance Department022 – 2425 2207+91 98219 31307 Copyright © 2010, SAS Institute Inc. All rights reserved.

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