Automates management reporting and administrative tasks that drain your energy allowing you to redirect resources to focus on strategic initiatives that reduce risk and improve your compliance.
A compliance monitoring programme is a vital component of a FCA-regulated financial services firm’s compliance framework. It’s a structured process designed to ensure adherence with FCA rules and regulations and effective management of compliance risks.
Our Compliance Monitoring Module simplifies the management of your compliance monitoring programme, allowing you to easily store, track, report and evidence your programme with smooth and efficient oversight.
“A medium-sized investment firm previously reliant on spreadsheets and emails for compliance monitoring were able to cut their admin workload by more than 50%.”
Setting up your compliance monitoring programme has never been easier. Use our intuitive plan builder to define risks and assign monitoring tasks, or we’ll simply upload your existing Excel spreadsheet directly into the system.
Once set up, sit back and let My Compliance Centre handle the rest – automated reminders ensure timely completion of tasks, whether it’s a one-off exercise, an annual review, or more frequent monitoring.
With our Compliance Monitoring Module, there’s no need to manually transfer numerous email updates into your programme. You can add as many users as needed without any additional cost, allowing everyone involved in monitoring to make their own updates. This eliminates concerns about version control and lost data, ensuring seamless collaboration and accuracy.
A personal dashboard gives each user control over their own compliance monitoring workload, offering an instant overview of task status – whether completed, in progress, upcoming, or overdue. A calendar view provides a clear timeline, with the ability to easily drill down into the details to see exactly what’s required.
Dashboards give managers real-time visibility into the compliance monitoring programme, allowing them to quickly identify areas requiring attention and review completed tasks. Managers can view the programme in a calendar format or examine a list of monitored risks, along with the compliance monitoring status for each individual risk.
When corrective actions are required, it’s easy to add and assign tasks, linking them directly to the original monitoring activity. This provides clear evidence for your Board and regulators, demonstrating effective governance and management of your compliance obligations.
My Compliance Centre supports more than 200 companies and over 10,000 people use our system.
We’re trusted by firms of all sizes, from start-ups to large enterprises with decentralised compliance functions, and in financial services sectors that include asset and investment managers, capital markets, fintech, insurance, wealth management, payment services and consumer credit.
My Compliance Centre addresses the inherent challenges and risks of relying on Excel spreadsheets for managing compliance monitoring programmes. Key tasks and review dates are never overlooked, and producing management reports is quick and effortless. You can instantly access a real-time assessment of your compliance monitoring programme.
Additionally, it eliminates the manual administrative burden that drains time and resources, removing the constant back-and-forth of emails to assign and track tasks, and the tedious process of manually updating centralised Excel workbooks.
Simplify compliance. Save time. Achieve more.
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