Compliance-by-GenAI - 5 Critical Actions for CCOs & CROs

Introduction

Generative AI has put the Risk and Compliance functions in Banks and Financial Services firms at a crossroads.

Like never before, Chief Compliance Officers (CCOs) and Chief Risk Officers (CROs) are now expected to deal with the surmounting challenges of accelerated automation where GenAI is gaining new skills to substitute for human-led decisions. This, along with the need for operational resilience for important business activities, puts CCOs and CROs in a dilemma of adoption vs. protection.

Compliance and Risk teams are increasingly expected to play a lead role in faster GenAI adoption in various parts of a BFSI business, either by providing the right advice or by helping to perform certain checks before go-live. Each such event brings its own risk towards credibility vs. effectiveness.

As such, adopting a Compliance-by-GenAI strategy is key to sustaining in this fast-changing technology environment. A strategy that allows CCOs and the CROs to use a time-tested approach that enables a concerted GenAI adoption while keeping a lid on the unauthorised changes in the name of operational resilience or effectiveness. A strategy that helps to maintain a strong voice at the CXOs and Boardroom and to demonstrate the lead-by-example agenda clearly.

In this new virtual seminar, led by industry expert Subas Roy, we will take a deep dive into the inherent issues of Compliance-by-GenAI trends and the 5 key actions for CCOs and CROs.

The topic and content are extremely relevant for senior executives in Compliance, Risk and other roles at PRA and/or FCA-regulated financial services firms.

What you will learn

This live and interactive course will cover the following:

• Key issues faced by Compliance and Risk teams in relation to GenAI and faster digitisation
• What is a Compliance-by-GenAI strategy and how is this useful going forward?
• Key regulatory mandates worth knowing about, including the PRA, FCA and EBA
• 5 key issues and resolutions available to CCOs and the CROs
• Where to start the journey, and how to prioritise between programs

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.