Responses to the compliance resource vacuum

Implementing efficiencies within a risk management framework, maintaining staff motivation and exploring outsourced arrangements, can alleviate pressure on compliance resource, suggests Jason Wintie.

Jason Wintie is technical director at The Consulting Consortium (TCC). A compliance professional with over 15 years of financial services experience, he has worked as a regulatory consultant for the past ten years for numerous regulated firms across all industry sectors.

Since the financial crisis, every aspect of companies’ operations in the sector have come under scrutiny as the Financial Conduct Authority and fellow regulators around the globe strive to ensure that mistakes and poor conduct of the past aren’t repeated, and that consumers are receiving financial products that meet their needs.