In this episode of Risky Women Radio, host Kimberley Cole kicks off Series 7 by discussing the predictions for 2024 in the field of risk regulation and compliance. She is joined by Carol Beaumier and Bernadine Reese from Protiviti, who share their insights on the compliance environment over the past decade and the evolving role of the Chief Compliance Officer.
They highlight the key priorities for 2024, including the need for proactive risk assessment, horizon scanning, managing digital risks, effective compliance monitoring, and adapting to changing resourcing needs. The discussion emphasizes the importance of staying ahead of emerging issues and adopting a holistic approach to compliance in order to navigate the external and internal challenges that lie ahead. This episode provides valuable insights for risk and compliance professionals to effectively address the evolving compliance landscape in the year ahead.
Carol Beaumier is a senior managing director in Protiviti’s Risk and Compliance practice. Based in Washington, D.C., she has more than 30 years of experience in a wide range of regulatory issues across multiple industries. Before joining Protiviti, Beaumier was a partner in Arthur Andersen’s Regulatory Risk Services practice and a managing director and founding partner of The Secura Group, where she headed the Risk Management practice. Before consulting, Beaumier spent 11 years with the U.S. Office of the Comptroller of the Currency (OCC), where she was an examiner with a focus on multinational and international banks. She also served as executive assistant to the comptroller, as a member of the OCC’s senior management team and as liaison for the comptroller inside and outside of the agency. Beaumier is a frequent author and speaker on regulatory and other risk issues.
Bernadine Reese is a managing director in Protiviti’s Risk and Compliance practice. Based in London, Reese joined Protiviti in 2007 from KPMG’s Regulatory Services practice. Reese has more than 30 years’ experience working with a variety of financial services clients to enhance their business performance by successfully implementing risk, compliance and governance change and optimising their risk and compliance arrangements. She is a Certified Climate Risk Professional.
00:01 Compliance predictions for 2024 with industry experts
05:36 Importance of internal and external factors
11:42 Lessons learned (or not)
19:05 Next 10 years and technology evolution
Protiviti is a global consulting firm that uses technology, innovation, data and analytics to create unique solutions that transform the field of risk management and solve industry wide problems.