In her fourth video blog of the series, Lessons NOT Learned, Saloni Ramakrishna discussed the lessons that the financial industry have not learned from failures, collapses, takeovers, bailouts and fines that grow more astronomical by the day. In her fifth video blog of the series, Ms. Ramakrishna discusses the fundamental connect between business model and compliance and how compliance has remained in the reactive stance due to a lack of appreciation of this connect. She speaks of the two components of Business Model (BM) - Target Strategy Model (TSM) and Target Operating Model (TOM) and how compliance is at the core of Target Operating Model. Weaving compliance into the TOM creates the foundation for positive and active compliance that is a value multiplier.
Watch Saloni Ramakrishna’s fifth video blog of the Compliance Risk Management Series, where she explains why compliance needs to be a way of business as opposed to a side function to enhance the bottom line. The next one in the video blog series of Enterprise Compliance Risk Management is Practical Solutions to Compliance Challenges.
Ms. Saloni Ramakrishna, author of Enterprise Compliance Management - An Essential Toolkit for Banks & Financial Institutions, is a financial services industry practitioner with nearly three decades of experience. She brings to table rich hands on knowledge with real world perspectives in Risk, Compliance and Performance areas. In her role she interacts with senior management of banks, consulting professionals and regulators across multiple countries. Ms. Saloni Ramakrishna is invited to share her views on industry trends by national and international finance forums like GARP, Ops Risk Asia, RiskMinds and Asian Banker amongst others. Her ideas have appeared as articles and quotes in printed & online media and television interviews.