Having Internal Controls Versus Being In Control

Financial institutions have always tightly controlled financial data and access. However, the role of the Chief Controls Officer (CCO) has emerged in recent years due to the need for tighter restrictions and compliance requirements regarding non-financial transactions.

With the rise of cybersecurity breaches, fraud, and third-party risk factors, and the tightening of operational compliance requirements, financial institutions are confronted with the urgent need for a dedicated leadership role. This role is crucial in building and enforcing policies to maintain tight controls on all operational risk factors.

In this eBook, we’ll discuss:

  • The evolution of the CCO and the role of the 3LOD
  • How to take control of controls—no matter how complex
  • How to use KCIs to guide your maturity