Planning compliance-related assessments: good practice recommendations
Posted by Julie Delazyn
Last week I wrote about the business benefits of assessments that mitigate risk and help ensure compliance– as described in our white paper, The Role of Assessments in Mitigating Risk for Financial Services Organizations, This paper offers a great deal of information about these kinds of assessments and advice about best practices for implementing a legally defensible assessment program.
The paper describes five stages of deploying assessments — from planning to analytics — and offers recommendations for good practice for people in these six job roles:
- Chief Compliance Officer, responsible for compliance in the organization
- Compliance Officer, who runs the assessment part of the compliance program
- Authoring Expert, the authoring team lead
- SME, the Subject matter expert who authors and reviews questions
- Trainer, who trains in compliance
- IT Specialist, responsible for IT setup
Some of these recommendations are specific to Questionmark technologies, but most can be applied to any testing and assessment system.
Today, let’s look at good practice for the first of the five stages: planning:
Click here to read the paper, which you can download free after login or sign-up.