Advanced Analytics for Risk and Compliance Process Playbook

This detailed playbook provides data analysts, IT professionals, compliance officers, and organisational leaders with a structured framework for managing advanced analytics in risk and compliance initiatives within an organisation. It includes:
– Step-by-Step Process Flow: Outlines essential subprocesses such as Data Management, Model Lifecycle, Risk Analysis, and Compliance Oversight, with clear actions, decision points, and feedback mechanisms to ensure a smooth and effective use of advanced analytics for managing risks and ensuring regulatory compliance.
– RACI Framework: Clearly defines roles and responsibilities for each task in the advanced analytics process. This ensures that data managers, analysts, IT support, and compliance officers are accountable and engaged at every stage, promoting a transparent and collaborative approach to data-driven risk management and compliance adherence.