The global financial crisis has forced financial services firms to operate in an intensely complex and challenging environment. In such an environment, firms must have confidence in their ability to navigate these challenges in order to deliver value to shareholders and stakeholders. Agile, responsive and dynamic risk management and compliance systems are key enablers to success.
Agility is built on dedication to a three-point foundation: an aligned organization permeated by clarity, collaboration and convergence; operational excellence based on strategy informed by foresight and enhanced by transparency; and customer satisfaction enabled by a customer-centric focus on design and development throughout the enterprise. This paper introduces a new agile risk management philosophy enabling proactive organizations.