Automated periodic compliance risk assessments

Purpose of Automated Periodic Compliance Risk Assessments

1.1. Automate regulatory reporting, risk rating, and compliance flagging for investment banking operations.
1.2. Automating collection, aggregation, and analysis of trading, client, and counterparty data to identify regulatory deficiencies and risk exposure.
1.3. Automate notification and escalation workflows to compliance officers and management on detected risks and anomalies.
1.4. Automate documentation and audit-trail capture to streamline compliance and satisfy regulatory audits.
1.5. Automating task assignment for remediation and compliance improvement actions for periodic cycles.

Trigger Conditions

2.1. Scheduled time intervals (e.g., weekly, monthly, quarterly compliance cycles).
2.2. Automatedly triggered by key events (e.g., large trades, new account openings, suspicious activity flags).
2.3. Regulator calendar updates or legislative changes detected.
2.4. New internal or external audit findings that automate compliance risk reevaluations.
2.5. Operational metric thresholds (e.g., trade volume spikes, irregular patterns) automating risk assessment launch.

Platform Variants

3.1. Microsoft Power Automate
• Feature: Scheduled cloud flow
• Configuration: Automate trigger “Recurrence” with Action “Send email to compliance team” on assessment results.
3.2. ServiceNow
• Feature: Compliance Risk Workflow
• Configuration: Automate scheduled data pull from GRC tables, automate notifications via Flow Designer.
3.3. Salesforce
• Feature: Scheduled Process Builder/Flow
• Configuration: Automate risk assessment workflows using custom triggers based on compliance data updates.
3.4. Workato
• Feature: Scheduled Recipes
• Configuration: Automator sets recipes on a time schedule, automating compliance data scans.
3.5. Zapier
• Feature: Scheduler + Gmail/Google Sheets
• Configuration: Automate risk logs in Sheets, automate compliance notifications via email.
3.6. UiPath
• Feature: Orchestrator Scheduled Bots
• Configuration: Automate bots that query compliance databases and generate risk alerts.
3.7. Nintex
• Feature: Workflow Cloud Scheduled Start
• Configuration: Automates workflow triggering risk assessment document generation and review assignment.
3.8. AWS Lambda
• Feature: Scheduled Events (CloudWatch)
• Configuration: Automate function execution on compliance data ETL, trigger SNS alerts for risks.
3.9. Google Cloud Functions
• Feature: Cloud Scheduler
• Configuration: Automator runs compliance routines, automates risk reporting delivery via Pub/Sub.
3.10. Azure Logic Apps
• Feature: Recurrence Trigger
• Configuration: Automate workflows, trigger on a schedule, interact with compliance data sources.
3.11. Smartsheet
• Feature: Workflow Automation
• Configuration: Automates periodic reminders, compliance checklist completions auto-reporting.
3.12. Monday.com
• Feature: Recurring Automations
• Configuration: Automator triggers scheduled tasks for compliance risk review and reporting updates.
3.13. Slack
• Feature: Scheduled Slackbot Messages
• Configuration: Automate regular compliance reminders to teams, automate risk summary notifications.
3.14. Jira
• Feature: Automation Rules
• Configuration: Auto-create and assign compliance risk tickets on a defined schedule.
3.15. DocuSign
• Feature: Bulk Send with Scheduled API
• Configuration: Automate document routing for compliance sign-offs at scheduled assessment intervals.
3.16. Oracle Cloud Risk Management
• Feature: Automated Assessments
• Configuration: Automating survey issuance and risk scoring based on pre-set compliance rules.
3.17. IBM OpenPages
• Feature: Automated Periodic Assessments
• Configuration: Automator initiates assessment lifecycle and escalates exceptions.
3.18. RSA Archer
• Feature: Scheduled Notifications & Assessments
• Configuration: Automates notifications, automates assessment cycles with custom triggers.
3.19. Asana
• Feature: Recurring Tasks Automation
• Configuration: Automate creation of compliance check tasks, automate reminders for reviewers.
3.20. Trello
• Feature: Butler Automation
• Configuration: Automates card creation and movement for scheduled compliance risk reviews.

Benefits

4.1. Automates repetitive compliance and regulatory tasks, reducing manual workload.
4.2. Ensures compliance risk is automatically and timely assessed across periodic cycles.
4.3. Automator-driven audit trails strengthen regulatory security and transparency.
4.4. Automates detection and escalation of risks, reducing compliance breach probability.
4.5. Enables compliance teams to focus on investigation and remediation, not administration.
4.6. Supports scalable, auditable, and robust banking compliance frameworks with minimum manual intervention.