Compliance risk: A critical business risk

Yvonne Pytlik, Expert in Global Economy

May 16 2010

2010 presents a historical moment to define the path forward to the ‘future of enterprise risk management and mitigation strategies’ of increasing compliance risk for asset managers. The recent financial crises and cases of material compliance violations, Ponzi schemes, fraudulent activities, misappropriation of investors’ assets and collapse of major financial firms have had significant, harmful impact on investors and shareholders. Serious compliance violations, such as insider trading, have proven to be self-destructive to asset managers. No one is immune to these trends. ‘Enterprise Risk Management — 2010 and Beyond Forward Looking Approach by Asset Managers’ is a series of papers dedicated to regulatory developments and industry best practices in the enterprise risk management with a focus on ‘compliance risk: a critical business risk for asset managers’.

Journal of Securities Law, Regulation & Compliance
ISSN: 1758-0013 (Paper) 1758-0021 (Online)
Issue: Volume 3, Number 2 / April, 2010

Date: April 2010
Pages: 180 – 189

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All articles by Yvonne Pytlik

Yvonne Pytlik

Yvonne I. Pytlik is a senior executive and one of the industry’s most highly regarded strategists in compliance risk management and corporate governance for financial institutions. She is a compliance subject-matter expert in CCO regulations for global asset managers.

Yvonne I. Pytlik is currently a Chief Compliance Officer for well known and industry regarded Asset Management Firm in NYC. She is also a Managing Partner and Founder, currently serving on Advisory Board at Global Compliance Risk Management Corporation (GlobalRMC) in New York City. GlobalRMC, a strategic advisory and compliance risk management firm, focuses on Enterprise Risk Management principles, governance techniques and cutting-edge compliance solutions.

Yvonne is also currently serving on the Risk Governance Committee at RMA, chairing/leading the Outreach Program for Non-Executive Board of Directors at BOD level/C-suite.

Her experience and risk/compliance expertise spans globally. As a global head of risk management at Deutsche Bank AG, she developed and implemented global risk management and governance oversight in the Americas, Europe and Asia-Pacific regions.