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:
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,
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.
One of the features of the OSFI Corporate Governance Guideline, is an expectation that directors will seek out both internal and external education opportunities. With almost 30 years experience with bank and insurance company regulation, we have the knowledge and background to assist directors to understand current regulatory issues and developments, OSFI expectations for directors and the regulatory framework within which the company operates, all essential information for directors.
We can assist your directors with a quick, cost effective training program that will give them the comfort of knowing that they are fully meeting their responsibilities and the regulator's expectations.
Call us to discuss your director training needs.
CCG and Resolver join forces
We are extremely excited to have partnered with :Resolver to build a powerful turn-key solution for compliance risk management for the Canadian banking and financial services sector. Resolver’s integrated platform supports application areas including Risk Assessment, Internal Control, Internal Audit, Compliance Management, Enterprise Risk Management and Incident Management. Resolver’s team is comprised of security, risk, and compliance experts supporting customers across 100 countries with offices in North America, United Kingdom, the Middle East, and Australia.