Prioritization and Planning

Element characteristics:

  • Periodic assessment to identify risks and set priorities
  • Workplans to ensure ownership and mitigation of risks
Roles and Responsibilities:
Senior Leadership Compliance Operations
  • Approve compliance risk assessment results
  • Approve compliance planning efforts
  • Provide strategic direction on compliance risk mitigation efforts
  • Conduct risk assessments as needed
  • Develop annual workplans that prioritize compliance activities based on risk
  • Provide input for compliance risk assessment and planning efforts
  • Prioritize compliance responsibilities based on risk