As the pace of business quickens, is your organization keeping up?
Spinnaker Consulting Group helps Fortune 500s get to where they’re going, faster.
I was talking with a Chief Compliance Officer the other day who said they were finding it very hard to build and maintain their compliance testing program. This isn’t the first time I’ve heard similar concerns. It always comes down to resources – people, time, budget, and competing priorities for all of the above. I’ve been there and experienced the same thing first-hand – making a business case for why I need more money to hire more people, to maintain various elements of my compliance program. Ultimately, the question should not be “how can we afford to do this?”; the question really should be – “how can you afford not to…?”
The Big Picture From marketing materials to official contracts, much information is shared when consumers get a loan – not to mention the commitments that a bank makes to those customers. And not meeting, or inconsistently meeting, those commitments is a surefire way to land in a regulator’s crosshairs.
As a big football fan, the mantra – from coaches and sports analysts alike – of how the defense protects your house and ultimately wins games has been imprinted upon me.
The Big Picture Suppose you go to your doctor with a nasty cough or nearly bent over with stomach pain. You wouldn’t be too happy if your provider barely looked at you, jotted off a quick prescription and sent you away. Instead, you’d want your doctor to do a full exam, check your lungs for that cough – maybe run a blood test or order some sort of imaging on your abdomen.
Spinnaker is a management consulting firm that ranks #160 on the Inc. 500. #1 on Consulting Magazine’s Fastest-Growing Firms. Member of the Forbes Finance Council. RTD Best Place to Work.