03 10月 澳洲市场营销论文代写-合规和风险管理的作用
Moreover, from the literature review and data analysis part, it shows that the compliance and risk management are important for the HSBC bank to mitigate the risks in the operational process. It is identified from the literature review, and the commercial banks implement the generic strategy to increase the competitiveness of the bank. Moreover, it is identified that CRM system helps the banking system to improve its service quality, price, value and profitability of the banks. From the data analysis part, CRM function improves the relations with its internal and external stakeholders. In addition, most of the respondents believe that effective compliance risk management programs encourage reducing the financial risk, market risk, and operational risk.
It solves the complex part of the banking system. In banking system, it concludes that compliance risk programs are difficult to monitor and control. The traditional procedures in the bank increase the complexity in the process and procedures of the banks related to the compliance risk which reduces the customer level. Effective compliance procedures and strategy overcomes the operational and customer strategy. According to the literature review sources, compliance management procedures enhance the automation process in the organization and increase the effectiveness of the work like automatic issue tracking, storage, retrieval of work products and knowledge management. Furthermore, it concludes that compliance risk management assesses the risk culture significantly in an organization. As per the study of the data analysis part, most of the respondents believe that compliance risks management functions are beneficial for the banks and it will increase the productivity of the organization. Moreover, it streamlined the process of the KYC in the banks that will reduce the chances of fraudulent activities in the bank and increases the level of trust and satisfaction among the customers.
The bank should invest more into the compliance and risk management systems so that it reduces the operational risks and manage it effectively. The bank should involve their stakeholders regarding this type of risks which help to generate the new ideas and solutions to reduce this risk. Moreover, banks should give the training programs to their employees so that they can aware their customers and handles the criticality of the risks in their daily operations. It increases its competitiveness and efficiency in the market. Besides this, banks should follow the compliance risks in a strict manner at all functional levels which assist to run their operations effectively. The bank should develop the risk framework so that they can assess and identify the risks at the initial level and reduce it significantly to get tangible benefits. The bank should adopt the clear definition and communication policy to all levels of the management and must identify, assess, decide and supervise the strategic risks. There should be strategic policy at the top management to focus on managing risk all levels and policies are communicated clearly at all functional levels so that it increases the value chain of the organization. Lastly, the banks should properly execute the compliance and risk management procedures in the day to day operations of the business.