An exclusive presentation by Ronald Fernandes, SVP - Compliance Department - Axis Bank on 'Automation of Compliance Management – Implementation Considerations. The presentation was made at SAS Forum India 2013.

1. Automation of Compliance
Management –
Implementation Considerations
Ronald Fernandes, SVP
Axis Bank, Compliance Department

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3. Compliance Framework
1. Organisation Structure
2. Structure of Compliance Department
3. Linkages with key departments besides
business/operations
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4. Organization Structure
BANK
Departments D1 D2 D3
Business B2 B3 B4 B5
B1
Assessment
AU1 AU2 AU3
Units
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5. Data Integration
Complaints Frauds Regulatory changes
Products/
Internal/External Audits Business
Change Management
Internal Controls/
Processes Policies/Manuals
Control Test Steps
Regulatory Correspondence Regulatory Returns
Regulatory Sanctions Banking Industry Regulatory Strictures
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6. Automation suggestions
1. Compliance with laws and regulations
2. Compliance Risk Management
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7. Compliance with laws and regulations
1. Regulatory changes
2. Regulatory returns
3. Regulatory correspondence
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8. Compliance Risk Management
1. Compliance Risk Assessment
• Process/Control documentation
• Universe of applicable regulations
2. Compliance Monitoring
• Self Certification
• Key Compliance Indicators
• Compliance Testing
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9. Compliance Risk Assessment Framework
(Contd..)
Components of CRA
Inherent Risk Control Environment
=
Impact X Likelihood Control quality
assessment
Control performance
Cluster of Assessment assessment
regulations Unit
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10. Control Environment
Maker
Checker
Preventive &
Detective
Control Quality
Index (CQI)
Manual & IT
GRC Self
Control
Assessment
Environment
Score
KCIs
Control
Performance Testing by IAD
Index (CPI)
Testing
Theme based
review by
Compliance
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11. Reporting to Management/Board
1. Breach Management
2. Resolution status
3. Dashboards
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12. Do what works for your organization
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13. Q&A
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14. Thank You
Mr. Ronald Fernandes, SVP
Axis Bank Ltd., Compliance Department
022 – 2425 2207
+91 98219 31307
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