Category: Compliance, Conferences and Events, Industry Trends

Finding Your Sweet Spot – Enterprise Compliance


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There has never been a better time for organizations to manage and coordinate compliance across varying lines of business in our industry.

There has been massive change in our industry resulting in an increasingly complex regulatory environment. And satisfying compliance requirements and mitigating risk remains a challenge. In fact, many firms continue to cite it as their number one challenge. The complexity can be paralyzing.

But today, we have more solutions, technologies, and evolving best practices than ever before for firms to optimize and align their compliance programs. As an industry, we’ve made great strides developing and introducing compliance models and strategies. And enterprise compliance has now emerged as an effective way to manage and coordinate compliance across a firm’s varying lines of business.

In my capacity delivering new solutions and value-add services aimed at clients’ critical and evolving regulatory needs, I’ve been working with compliance leaders across DST, Boston Financial, and ALPS to develop an enterprise compliance solution. ADVANCE dedicated an entire session to the topic. I was excited to hear members of our compliance community embrace and explore enterprise compliance. The session introduced insights and ideas that I wanted to share with you.

Why Enterprise Compliance?

When you think about how compliance models and strategies have evolved, it’s not a surprise that enterprise compliance is stepping into the spotlight. It’s a natural evolution. Plus, the benefits of an enterprise compliance program can be enormous.

  • Consistent Framework and Coordinated Approach
    • Nimbleness
    • Efficiency
    • Scalability
  • Leverage
    • Resources
    • Expertise
    • Technology
    • Partnerships

Finding Success: Understanding the Model

Enterprise compliance has a lot of upside, but what does the model  look like and what does success entail?

As the regulatory landscape continues with more prescriptive rulemaking from more regulators, asset managers, banks, intermediaries and insurance companies must react in kind: digesting the implications of each new proposal and determining the most efficient strategies to implement solutions for these complex regulatory obligations.

As part of this process, it’s critical for companies to consider the most adept, cost-effective means to manage regulatory change while embracing transparency and mitigating risk across their organizations. Essentially, companies are setting a corporate-wide framework, objectives, and values. The unique business lines determine HOW implementation will occur – all with a thread that ensures organizations leverage consistent resources and are not solving the same problem, different ways in multiple areas.

Success factors include:

  • Oversight
  • Training
  • Buy-In
  • “Shared” Services

As a technology and solutions provider, DST, Boston Financial, and ALPS understand how important it is for our clients to streamline their vendor relationships. Equally important for them is efficiency and scalability.

Providing a comprehensive suite of compliance solutions that can be used across multiple financial services segments is critical for our clients’ success; it’s a top priority for us.

Our capabilities and partnerships make us well positioned to support a client who chooses an enterprise compliance approach. Our program enables clients to scale up their compliance program as business needs dictate. Moreover, when determining the appropriate compliance strategy, risk mitigation continues to be an important driver for organizations. Our enterprise compliance solution mitigates risk across organizations.

Because of the value, efficiencies, and expertise an enterprise compliance program can deliver, we’re a proponent of the model. However, the most important criteria when developing your compliance program is that it works for your organization.

Kim Froio

Kim Froio

With more than 25 years of transfer agency and shareholder servicing experience, Kim has been instrumental in delivering new products and services to help strengthen the position of asset managers. As Vice President of Enterprise Compliance Solutions, Kim has helped shape the compliance strategy and introduced a number of compliance solutions including Boston Financial’s 22c-2 solution, Unclaimed Property and State Inactivity Solicitation, and Blue Sky Administration. Kim was integral to the design and launch of Boston Financial’s E-Business practice and the deployment of the Boston Financial KnowledgeBaseTM. Kim, AKA “Mom” or “Coach,” treasures the moments she spends with her three children, Noah, Reese, and Mia, and husband, Paul. She is a member of the NICSA East Coast Regional Committee, and earned her degree from Aquinas College.


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  1. Liz D'AllessandroLiz D'Allessandro

    Thank you for the well articulated vision of the Compliance opportunities. You did a great job describing how pivotal this topic is! Thank you for your efforts and leadership in this important and demanding area our business.


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