About this role
Navigating Supervisory Evaluation Supervisory expectations continue to rise Supervisory expectations continue to rise. A far more pro-active approach to supervisory evaluation is key to safeguard resilience in an increasingly complex environment. The… Supervisory expectations continue to rise Supervisory expectations continue to rise. A far more pro-active approach to supervisory evaluation is key to safeguard resilience in an increasingly complex environment. The reasons why this change in attitude is key for financial institutions are: - Supervisory evaluation determines your capital requirements for the coming year, with Basel IV incoming, no organisation wants this requirement to be unnecessarily high as this may have severe (business) implications; - Supervisory evaluation is a way to convey your in-control message to the supervisor. This can support your reputation but it is also walking a tight-rope . Effective communication and collaboration between financial institutions and supervisors are essential for ensuring compliance and addressing regulatory concerns; - Supervisory evaluation is a recurring, time-consuming and a complex process running a cycle puts the organisation under significant pressure. A sound supervisory evaluation process is a team effort which requires a number of highly skilled people that work closely together. Hiring and retaining qualified staff with expertise in regulatory compliance, risk management, and other relevant areas can be difficult, particularly in highly specialized roles. A shortage of skilled personnel can slow down processes and increase the risk of non-compliance Why would you consider optimising your supervisory evaluation processes? - To transition from 'firefighting' to a coordinated and efficient supervisory approach: A holistic view of your risk landscape provides you with a strategic advantage and a stronger response to change - To become more resilient: Change only...