Compliance Transformation – more than rules and laws!

Horizon scanning, taking into account future developments, known and indeed unknown, is a key expectation of regulators when it comes to their requirements of compliance functions. But what if that horizon includes big changes to the methods of your compliance oversight itself?

The days of compliance officers worrying only about the laws and rules are long gone. 

Whilst that knowledge and an understanding of the business remain vital, increasingly they will appear alongside a need to be able to work with technology.

Compliance officers of today and tomorrow will require new skillsets in the world of data and ever developing technology, and they must be able to adjust to more modern, agile working methodologies.

At Aspida, our own “horizon scanning” identified this trend several years ago at which time we commenced our development of a GRC platform, Resolver by Aspida, and at the same time launched an innovative trainee compliance consultant programme that focussed on the wider skills, and not just the technical and business knowledge that we believed risk & compliance professionals of the future would require.

The training programme is going from strength to strength and now focuses on Cyber and finding the next Chief Information Security Officer as well as future Compliance Officers and MLROs.

Having launched Resolver by Aspida and commencing the intake of our year 3 trainees we are delighted at the transformation of the compliance function that we are already a key part of. 

How you can benefit

For more horizon scanning and to understand how Aspida Advisory Services can transform your own risk and compliance function, whether through outsourcing, support or consultancy and to facilitate that transformation, please contact Kevin Gilligan at kevin.gilligan@aspidagroup.com or call 01481 741900.

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