| | FEBRUARY 20268CIOReviewIN MY OPINIONCOMPLIANCE RISK INDICATORS ARE RIGHT UNDER OUR NOSESBy Aaron Rykowski, Executive Vice President - Chief Compliance Officer, WesBancoIn today's ever-changing regulatory environment, when our world can be turned upside down by something as simple as a blog post, we must use any information we can to identify risks in our organizations. The trouble with compliance is that we may not know we have a problem until it is uncovered by one of the many testing programs in place across all three lines of defense. That is, of course, why we have them. The programs exist to identify deficiencies in our controls that could adversely impact consumers or be detrimental to the company's reputation and bottom line. The problem with this is that once these programs identify a breakdown in controls, depending on the testing frequency, the problem could have been festering under the surface for months, creating situations where we must tell our customers, "Oops, we messed up."Aaron Rykowski is a seasoned banking regulatory risk management leader with over 20 years of experience in the banking industry, currently serving as the Executive Vice President and Chief Compliance Officer at WesBanco. His expertise lies in consumer compliance, having held various roles including Chief Compliance Officer at community and regional banks and overseeing compliance for servicing consumer practices at a large super-regional bank. Through this article, Rykowski highlights the importance of using data analytics to proactively identify and mitigate compliance risks in organisations.Aaron Rykowski
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