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FinTech Global: How Has RegTech Changed the Role of the Risk Manager?

FinTech Global: How Has RegTech Changed the Role of the Risk Manager?

Originally Published by FinTech Global

 

The role of risk manager is not a new position. For as long as challenges around regulation, compliance and other security risks have existed, so has been the role of trying to manage them.

In a world where financial crime continues to evolve and become harder to catch, the role of risk manager continues to change – and become ever more complicated for the risk manager.

Rob Anderson, subject matter expert at Acuminor, said, “As financial crime regulations, threats and risks continually evolve it is by no surprise, that financial institutions and those accountable and responsible for managing risks, have struggled to keep pace with the complexity and level of change.

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