For Nick Nichols, vice president of risk and compliance intelligence at DST Financial Services, risk management means more than being in compliance with the regulations that govern financial services.
It also means using data and other tools to identify and prevent both future risks, and known risks that are not yet being managed through regulation or legislation.
Recognizing that many firms are struggling to simply maintain regulatory compliance, Nick’s latest blog post on DST Insights offers highly focused suggestions on the types of questions an asset management firm might want to be asking itself in order to develop and implement a holistic risk and compliance strategy.
This includes questions like:
- How does my firm articulate and measure its goals of maintaining regulatory compliance and identifying and managing future risk? What is the relationship between these capabilities, or are they separate?
Get more suggestions in Nick Nichols’ post,
“Looking Forward: Going Beyond Simple Compliance to Include Risk” on DST Insights.