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Wolters Kluwer Financial Services to Help Organizations Optimize Operational Risk Frameworks

August 12, 2014

Webinar Addresses New Strategies for Holding Three Lines of Defense Responsible and Accountable

MINNEAPOLIS--(BUSINESS WIRE)-- When it comes to implementing an effective regulatory change management program, what are the greatest obstacles that financial organizations face? Wolters Kluwer Financial Services will help organizations address that question and provide best practices for monitoring, interpreting and implementing regulatory change during a complimentary webinar on Thursday, August 21 from 2:00 – 3:00 p.m. EDT.

The webinar, “Managing the Risk of Regulatory Change,” will be led by leading subject matter experts Philippa Girling, executive vice president and head of the Commercial Business Risk Office, Commercial Banking at Capital One, and Amy Downey, U.S. banking and regulatory expert at Wolters Kluwer Financial Services.

Drawing on their deep industry expertise, Girling and Downey will discuss how the three lines of defense, which include an organization’s business units as well as its compliance and internal audit departments, must work together to identify, assess, implement and monitor regulatory changes. The result is an efficient, well-defined regulatory change management process that translates into ownership and accountability across a financial organization’s lines of business, operationalizing compliance.

“In today’s regulatory environment, an effective operational risk framework is essential for financial organizations, enabling them to quickly identify new regulations as they emerge and evaluate their potential impact across business lines,” said Downey. “This presentation will give financial organizations the guidance they need to optimize their operational risk frameworks to withstand the rapid pace of regulatory change.”

Girling has more than 20 years of experience in the global securities industry, working in the fields of operational risk, training, project management and organizational change. Prior to joining Capital One in 2013, Girling held several operational risk leadership roles, including heading the global corporate operational risk functions at Morgan Stanley and Nomura.

With more than 15 years of banking and regulatory compliance experience, Downey uses her knowledge to assist financial institutions with minimizing their inherent risk as it relates to everything from overall program management, policy and procedures, risk identification and control monitoring.

To register for this webinar, please visit

About Wolters Kluwer Financial Services

Wolters Kluwer Financial Services provides more than 15,000 customers worldwide with risk management, compliance, finance and audit solutions that help them successfully navigate regulatory complexity, optimize risk and financial performance, and manage data to support critical decisions. With more than 30 offices in 20 countries, our prominent brands include: AppOne®ARC Logics®, AuthenticWeb™Bankers Systems®, Capital Changes, CASH Suite™, FRSGlobal, FinArch, GainsKeeper®, NILS®TeamMate®, Uniform Forms™VMP® Mortgage Solutions and Wiz®. Wolters Kluwer Financial Services is part of Wolters Kluwer, which had 2013 annual revenues of €3.6 billion ($4.7 billion), employs 19,000 employees worldwide, and maintains operations in over 40 countries across Europe, North America, Asia Pacific, and Latin America. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. Its shares are quoted on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.

Wolters Kluwer Financial Services

Jennifer Marso, 612-852-7912

Vice President

Corporate Marketing & Communications


Chuck Miller, 320-240-5457


Corporate Communications

Source: Wolters Kluwer Financial Services

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