Risk Management Basics for Compliance Professionals

This podcast episode, "Risk Management Basics for Compliance Professionals," provides a foundational understanding of risk management for compliance officers. It clarifies the distinctions between risks, breaches, and issues, illustrating how they interconnect and impact organisational compliance. The episode outlines a comprehensive risk management process, encompassing identification, assessment, mitigation, and monitoring, and introduces relevant frameworks such as COSO ERM and ISO 31000. Furthermore, it highlights the crucial role of compliance professionals in proactive risk management and offers practical advice, case studies, and supporting resources to enhance compliance practices. The podcast concludes with actionable steps for listeners to improve their organisation's risk management capabilities.

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