The New Era of Risk Management
Finance leaders have seen a significant evolution in their roles and responsibilities over the last few years. Geopolitical uncertainty, tough regulation and rapidly advancing technology have all put greater pressure on companies, which in turn place greater demands on the financial and risk management functions. Now more than ever, risk and compliance demand the agility to respond quickly to unforeseen circumstances.
Although finance leaders’ functional duties have not diminished, they must now be even more risk-aware and take a holistic approach to the business, striking a balance between operational and strategic. Organisations that are proactive in their response can develop the capabilities that will not only ensure business continuity but will also set them apart from the competition.
- How can finance leaders ensure they understand and account for the myriad of third-party risk without losing focus on working capital management?
- Which external data sources are available that can monitor and manage third-party risk in a proactive way?
- What internal processes and technology are required to keep pace with these ever-evolving legal, audit, and regulatory risk concerns?