WelcomE

Our mission at Canadian Compliance Group is to provide confidence to C-Suite and regulators that effective steps have been taken to identify, manage and mitigate risks. We do this by assisting our clients in implementing effective regulatory risk management programs.

As compliance professionals know all too well, the challenges in delivering effective compliance programs are daunting.  Some of the major challenges include:

• Identifying and staying current on regulatory requirements and developments

• Collecting information about compliance policies, procedures and controls across multiple businesses and operating groups

• Engaging operating groups in the effort to build an effective enterprise compliance program

• Monitoring compliance efforts across the enterprise and consolidating and tracking information in a central database

• Developing and implementing key KPIs and KRIs to identify new and emerging compliance issues and concerns

• Creating effective compliance scorecards to measure and track the state of compliance

• Reporting in real-time to ensure that management and boards receive timely information about the state of compliance and emerging compliance issues

• Meeting the ever-evolving regulatory expectations for effective program design

While each of these challenges requires the skill and dedication of a compliance professional, the sheer magnitude and scope of the modern compliance program is stressing the resources of even the largest institutions.  This creates a cost burden that is difficult to support for even the most successful company.  For example, one of the largest financial institutions in the world recently cited legal costs related to regulatory compliance issues as one of the biggest reasons for a decline in its profitability.

In 2013, we partnered with Resolver to provide our clients with an innovative risk management program to help deliver on our mission.  Today, we are extremely proud that seven Canadian banks and one foreign company use Resolver’s GRC Cloud platform to support their compliance programs.  The Resolver-Canadian Compliance Group partnership addresses many of the key challenges noted above.In particular,

• Our clients get access to industry-leading knowledge and expertise so they can identify, organize and track regulatory requirements and emerging issues at a fraction of the cost of maintaining this expertise in house or purchasing it from traditional law firms.

• Further, our clients receive expert advice on compliance program design based on experience gained from ongoing feedback from industry and regulators.

• Resolver GRC is a recognized innovator in risk management and its software provides a central place to collaborate, integrate and automate key compliance program tasks such as risk identification and reporting, KPI and KRI reporting and tracking and management and board reporting.

• With more than a decade of user feedback, Resolver’s GRC Cloud platform makes it easy to assure proper engagement across the entire enterprise.

At Canadian Compliance Group, we promise to continue the pursuit of our mission to help find innovative ways to meet compliance risk management challenges.  We look forward to continuing to provide our clients with industry-leading service and advice.