I regularly monitor regulatory updates through industry newsletters, government publications, and professional networks. I also attend webinars and training sessions to stay informed. To ensure compliance, I conduct regular audits, update policies, and provide staff training. Collaboration with legal and compliance teams ensures alignment with new regulations. This proactive approach minimizes risks and ensures the organization remains compliant.

I start by identifying potential risks through risk assessments and stakeholder consultations. I then prioritize risks based on their impact and likelihood. Mitigation strategies include implementing controls, updating policies, and monitoring key risk indicators. Regular reporting to senior management ensures transparency. By fostering a risk-aware culture, I ensure employees understand their role in risk management, reducing vulnerabilities effectively.

In a previous role, I identified a gap in our anti-money laundering procedures during an internal audit. I collaborated with the legal team to update policies and conducted staff training to address the issue. I also implemented a monitoring system to ensure ongoing compliance. The resolution not only addressed the immediate issue but also strengthened our overall compliance framework, earning praise from senior management.

I address resistance by explaining the importance of compliance and its impact on the organization. I provide clear, practical examples of how non-compliance can lead to risks. Training sessions and open forums help address concerns and clarify expectations. By fostering a culture of accountability and transparency, I ensure employees understand their role in maintaining compliance, reducing resistance over time.

I have used tools like GRC platforms (e.g., MetricStream, SAP GRC) to streamline compliance processes and track risks. These tools help in automating audits, managing policies, and generating reports. I also use data analytics tools to identify trends and potential risks. By leveraging technology, I ensure efficient risk management and compliance, saving time and improving accuracy in reporting.