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Compliance v Risk Management by MEM on 08-15-2013
Hi, can you tell me about risk management
Okay, but I'm more of a Compliance person myself
Then maybe we should get together
I'm not sort of guy, but I'm happy to talk Risk & Compliance
Then let's start. I see risk management as a means of understanding the risks my business is exposed to. Then putting in place controls and checks, to monitor the likelyhood of the risk materialising.
That's interesting, as I see compliance as complementary to your risk management. I ensure the business complies with regulation and legislation; which should assist in reducing the risk exposed to your business!
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