Risk management framework 14 | Compliance monitoring Plan proactive monitoring activities Schedule and manage monitoring activities to assess the ongoing effectiveness of controls and address weaknesses promptly. Customise monitoring to your needs Tailor or create monitoring activities for both predefined and bespoke controls to align with your firm’s business model and operations. Assign monitoring responsibility Allocate responsibility for monitoring activities to appropriate individuals, while maintaining centralised oversight. Check monitoring activities Record whether the monitoring activities have been undertaken in accordance with the monitoring programme. Track monitoring activities Maintain a complete audit trail of all monitoring activities including what's been monitored, when and how. Sound risk management requires continuous oversight and monitoring. trust makes it easy to schedule and track monitoring activities to check that each control is working effectively.
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