Top 10 Highlights Happening In Risk

Frank Fiorille, Senior Director of Risk Management, Paychex
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Frank Fiorille, Senior Director of Risk Management, Paychex

Frank Fiorille, Senior Director of Risk Management, Paychex

Emerging challenges in compliance

Given the current macro view, driving growth continues to be one of the biggest challenges for most firms. This trend will require a very strong risk and compliance program that can effectively balance and calibrate the risk and for these new initiatives. For example, we need to make sure we have the right people and tools in place to manage the “risks around the corner” that emerge from disruptive trends like, social, cloud, mobile, and bid data.

"we need to make sure we have the right people and tools to manage the 'risks around the corner' that emerge from disruptive trends like, social, cloud, and Big Data"

Creating a link to make compliance work

We have worked very hard to build a risk and compliance culture at Paychex and have seen the value that comes from such a strategic initiative. We’ve identified business partners throughout the organization that are imperative to our success and have taken the time to develop strong relationships that are mutually beneficial, and have allowed us to create and maintain open lines of communication. One example of how we’ve created a link with our business partners is the development and distribution of our Risk and Compliance Weekly Letter that highlights the top 10 things happening in Risk and Compliance that affect our business and our clients.

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