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1. in:charge – Creating Stability by a Stronger Focus on Risk and Compliance ExCo Insight Session 1 June 2011
2. to bring together all key stakeholders involved in the successful implementation of the Risk and Compliance Framework
to create a common view of the future state
to facilitate a meaningful and actionable discussion on what need to be done in order to implement the Framework 2 Purpose, Approach and Agenda
3. Training structure
4. Contents 4
5. Objectives of this module 5
6. in:charge will build a foundation for stability and future growth 6
To deliver on customer promises we need to create stability in the business by embedding risk management and control into the way we work. To be able to grow, we need to do things right.
7. Background for the in:charge initiative 7 EnterCard’s new vision “Beyond Expectations” applies not only from our customers’ perspective but from our partners’, owners’ and colleagues’ perspectives as well. Being more customer centric in everything we do is crucial to deliver on our promises – and beyond.
Our new mission is about making customers’ lives easier by delivering smart payment and financing solutions. This means new propositions will be needed in order to succeed. The purpose with the re:charge initiative was to put focus on our innovation culture.
Our strategy contains elements of continuous growth. However, our ambitious growth targets will require a stronger foundation that ensures stability and operational efficiency. The purpose of the in:charge initiative is to put focus on quality.
Being a sustainable business that has a clear governance structure and processes is key for long term success. New and changed regulations will constantly affect our business and therefore we need a framework that will allow their easy adaption and implementation. The purpose of the in:charge initiative is to create a sound control environment and to secure operational efficiency.
To take informed decisions we must be able to regularly review and manage all our risks and incidents. In:charge will put methods, tools and guidance in place so we can fulfil strategic ambitions and add value to the business.
8. DELIVERING BEYOND EXPECTATIONS IS ABOUT BUILDING A SUSTAINABLE BUSINESS 8
9. EnterCode
10. in:charge – Future state benefits © EnterCard, 2011 For internal use only 10
11. in:charge Objectives Transformation is wanted on several levels
12. © EnterCard, 2011 For internal use only 12 in:charge Roadmap - Preliminary
13. Contents 13
14. Objectives of this module 14
15. What is driving the development of Risk & Compliance in the financial industry
16. Industry outlook What we must avoid…
17. Industry outlook Leading Practices
18. Preparing for the future in:charge – Creating a common platform for future changes
19. Contents 19
20. Objectives and content of this module 20
21.
Principle 1: Based on Lines of Defence governance model
Principle 2: One integrated set of Risk & Compliance processes
Principle 3: Integration of Risk-, Capital- and Performance Management
Principle 4: Adopted to EnterCard’s business model
21 Basic framework principles
22. Principle 1: Based on Lines of Defence
23. Principle 1: Based on Lines of Defence
24. Principle 2: One integrated set of R&C processes
25. Principle 3: Integration of Risk-, Capital- and Performance Management
26. Proportionality
In size and complexity
Operating model
Country and regional organisation
Governance model
Aligned with delegation of business responsibilities
Culture
Support entrepreneurial decision making, in line with strategy and risk appetite
26 Principle 4: Adopted to EnterCards business
27. Entercard Risk & Compliance Framework Overview 27
28. Entercard Risk & Compliance Framework Overview 28
29. Entercard Risk & Compliance Framework Overview 29
30. Entercard Risk & Compliance Framework Overview 30
31. Entercard Risk & Compliance Framework Overview 31
32. Entercard Risk & Compliance Framework 32
