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What Is The Better Way To Ensure Compliance And Risk Management?

The global enterprise governance, risk and management market was valued at USD35.1bn in 2020. Compliance and risk management are vital aspects of business across industries such as financial services, manufacturing, energy and healthcare. Non-compliance can lead to legal, business and financial risk for financial institutions and damage their credibility.
The Current Scenario
When it comes to financial services, financial institutions usually have a separate department for handling investment compliance and managing risk. There may be times, though, when the compliance department ends up working in isolation. This may have organisation-wide repercussions, as other departments may not be following best compliance practices. When the compliance department receives approval requests from these departments, several changes may be recommended. This could result in a back-and-forth between the compliance and other departments, resulting in bottlenecks in business processes. At an organisational level, this would slow growth.
The following are ways in which compliance and risk management can be optimised:
Design A Framework To Manage Compliance Risk
The department handling compliance and risk management could compile a set of guidelines and policies to be developed into a robust framework. A framework could be built from scratch, or the compliance team could refer to benchmarks, such as the COBIT5 framework.
Assess Risk
Once the compliance obligations are compiled into a framework, it is crucial to measure the impact of risks on your organisation if the guidelines specified in the framework are not followed. This would enable the compliance department to get management buy-in and prioritise deploying resources to optimise compliance and risk management.
Adopt Technology
Asset managers must keep in mind that there are a number of platforms and tools available to ensure an organisation adheres to investment compliance-related requirements. For instance, such tools would be able to detect deviation from pre-defined compliance practices. Financial institutions could use centralised platforms for financial and regulatory filings across geographies. Such platforms would also offer timely alerts about pending compliance-related filings. Investment compliance-related information could be shared with multiple teams through these tools.
Build a Collaborative Environment
Focus on enhancing collaboration between the compliance team and other departments that need to interact often with the compliance team. They could create an automated workflow to ensure deeper collaboration. The compliance team could design this workflow and ensure it is adopted across the organisation so the other departments could have deeper and productive engagement with the compliance department.
Involve An External Partner
Companies that have substantial compliance-related requirements, such as financial institutions, could consider involving a credible external partner to assist with compliance and risk management. Such a partner would be able to enable it to deploy best practices across compliance and risk management, while the company continues to focus on its core competency.
Enterprise-Wide Risk Management
Ultimately, risk management and compliance should occur on an enterprise-wide level. Personnel across departments must be taken on board, trained, sensitised and empowered to work closely with the compliance department on projects that may have risk- or compliance-related implications. Thus, risk management would have business processes integrated and transform the organisation into one that is highly compliant.
Regular And Accurate Reporting
As with any other activity, compliance and risk management measures taken must be reported widely within the organisation. This would also ensure enterprise-wide awareness and acceptance. Every step must be evaluated for weaknesses or challenges that could be overcome in due course.
As legislation and businesses evolve, risk management and compliance would become more complex and stringent. Hence, it would be prudent for organisations to make compliance and risk management a core part of their overall business strategy.
Pranab Bhandari is the editor of financial blog “Financebuzz.net”. He has been featured in many top publication like Tweakyourbiz, Growthrocks, Worldfinancialreview and more.

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Jeremy Millul: A Commitment to Continuous Learning and Growth


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Exploring the Different Types of Jersey Mounts at Sport Displays

Jersey mounts are an excellent way to display and preserve sports jerseys, whether they hold sentimental value or are cherished collectibles. From professional sports teams to personal memorabilia, Sport Displays offer a visually appealing way to showcase these cherished garments. In this article, we will explore the various types of jersey mounts available, each offering unique features and benefits. Understanding the different options will help you make an informed decision when selecting the perfect display method for your prized jersey.
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Traditional Frame Mounts:
Traditional frame mounts are a classic choice for displaying jerseys. These mounts involve framing the jersey in a shadow box or a deep frame, creating a three-dimensional effect. The jersey is carefully folded or arranged to showcase the front or back, and sometimes both, depending on personal preference. The frame is usually equipped with UV-protected glass to shield the fabric from harmful sunlight, ensuring long-term preservation.
Hang Jersey On Wall: Once framed, the jersey can be easily hung on a wall, becoming a focal point of any room.
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Hanger Mounts:
Hanger mounts offer a more minimalist and contemporary approach to jersey display. With hanger mounts, the jersey is hung on a sturdy hanger and attached to a backing board. This method provides a clean, sleek look, allowing the jersey to take center stage. Jersey Display Hanger: The hanger mount allows you to hang the jersey on the wall, providing a prominent and eye-catching display.
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Pinned Mounts:
Pinned mounts involve securing the jersey to a backing board using discreet pins or clips. This method allows for flexibility in arranging the jersey, as it can be easily adjusted or repositioned if desired. Pinned mounts offer a secure display while providing the freedom to showcase specific areas of interest, such as player signatures or patches. You can hang the pinned jersey on the wall using hooks or nails, creating an artistic arrangement.
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Mannequin Mounts:
Mannequin mounts provide a unique and lifelike display for jerseys. A specially designed mannequin torso is used to dress and present the jersey, creating a dynamic and realistic effect. This method is often favored when showcasing jerseys with intricate designs, sleeve details, or shoulder patches. The mannequin-mounted jersey can be placed on a display stand against a wall, offering a striking presentation.
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Customized Display Cases:
For those seeking a more customized approach, display cases offer a comprehensive solution. Display cases are designed specifically for jersey presentation and can be tailor-made to fit individual preferences. These cases provide full protection from dust, UV rays, and moisture, ensuring optimal preservation. Display cases can be wall-mounted, allowing you to hang the jersey on the wall while keeping it safe and beautifully displayed.
When it comes to displaying jerseys, there is a wide array of options to choose from, each with its unique features and benefits. Whether you prefer the classic elegance of a traditional frame mount, the contemporary simplicity of a hanger mount, the versatility of pinned mounts, the lifelike presentation of mannequin mounts, or the customized protection of display cases, there is a perfect jersey mount to suit your needs.
By selecting the right mount, you can showcase your favorite sports memorabilia and Hang Jersey On Wall with pride, creating an impactful display that captures attention and adds a touch of sophistication to your space.

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Jeremy Millul: Redefining Success through Finance and Real Estate Expertise

Jeremy Millul, a trailblazing entrepreneur, has emerged as a visionary leader, reshaping the landscape of success through his profound expertise in finance and real estate. With a bachelor’s degree in finance and a minor in real estate from Yeshiva University Sy Syms School of Business, Millul has harnessed his diverse knowledge to create a lasting impact in the business world.
Millul’s educational journey at Yeshiva University provided him with a comprehensive understanding of the intricacies of finance. Through rigorous coursework and practical experiences, he honed his skills in financial analysis, investment evaluation, and risk management. Armed with this solid foundation, Millul was poised to navigate the complexities of the financial landscape with confidence and acumen.
In tandem with his finance education, Millul’s minor in real estate enriched his understanding of property valuation, market dynamics, and investment strategies. This complementary knowledge empowered him to explore the intricate intersections between finance and real estate, recognizing the immense potential for synergy between these two fields.
Inspired by his educational background, Millul embarked on a path of entrepreneurial exploration, seeking opportunities to leverage his expertise and redefine traditional notions of success. His unique blend of finance and real estate knowledge enabled him to identify untapped markets, assess investment opportunities, and devise innovative strategies to maximize returns.
One of Millul’s notable achievements lies in his ability to navigate the realm of real estate with unparalleled acuity. By leveraging his deep understanding of property valuation, market trends, and risk assessment, he has successfully identified lucrative investment opportunities, transforming underperforming assets into profitable ventures. Millul’s strategic insights, negotiation skills, and attention to detail have allowed him to thrive in the ever-evolving real estate landscape.
Beyond real estate, Millul’s proficiency in finance has enabled him to transcend boundaries and explore diverse investment opportunities. With a keen eye for emerging trends and a robust analytical framework, he has ventured into various industries, ranging from technology to healthcare, identifying promising ventures and forging partnerships that fuel growth and success.
Millul’s entrepreneurial journey is characterized by his innate ability to adapt and innovate. He remains at the forefront of industry advancements by embracing technological disruptions and incorporating them into his business models. By harnessing the power of data analytics, automation, and digital marketing, he has gained a competitive edge, revolutionizing the way business is conducted.
Furthermore, Millul is deeply committed to making a positive impact on society. He recognizes the importance of social responsibility and actively seeks opportunities to give back to the community. Through philanthropic initiatives, he supports causes that promote education, healthcare, and environmental sustainability, ensuring that his success reverberates beyond the realm of business.
In conclusion, Jeremy Millul’s blend of finance and real estate expertise has positioned him as a dynamic entrepreneur, reshaping the paradigm of success. With a bachelor’s degree in finance and a minor in real estate from Yeshiva University, he has demonstrated exceptional skill in navigating complex financial landscapes and unlocking the potential of real estate investments. Millul’s visionary mindset, strategic acumen, and commitment to innovation have been instrumental in his entrepreneurial triumphs. As he continues to redefine success, Jeremy Millul’s fusion of finance and real estate expertise will undoubtedly shape his future entrepreneurial endeavors, leaving a lasting impact on the business world.

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