Overview

Branch office oversight has been significantly impacted by the COVID-19 pandemic, requiring firms to be more adaptable than ever in how they manage this critical process. As regulators continue to expect firms to administer effective programs for monitoring branches and supervised individuals, firms have had to significantly evolve their approach to keep up with changing times. This presentation will discuss best practices in conducting branch office reviews in an environment that is constantly changing due to the pandemic and compliance technology.

This webinar featured Sander J. Ressler, Managing Director of Essential Edge Compliance Outsourcing Services, LLC, who provided an overview of current trends in the industry, ongoing impacts related to the pandemic, and a forward-looking view as to how firms are likely to continue to advance their programs. Essential Edge currently conducts more than 650 branch reviews annually for over a dozen broker-dealers. Sander draws on more than 30 years of frontline experience with broker-dealers and registered investment advisers, and will share practical insight on what his clients are experiencing, observations from the field, and best practices to streamline the management of branch exams.

Topics we covered:

  • A review of how branch inspection processes have evolved in recent years;
  • The impact of COVID-19 on the branch audit function, and ways that firms can adapt;
  • Best practices to ensure value, efficiency and effectiveness in the current landscape and moving forward.

    • Presenters


    Sander J. Ressler
    Managing Director
    Essential Edge Compliance Outsourcing Services, LLC

     


    Spenser Rubin
    Senior Product Manager
    RegEd, Inc.

    About RegEd

    RegEd is the market-leading provider of RegTech enterprise solutions with relationships with more than 200 enterprise clients, including 80% of the top 25 financial services firms.

    Established in 2000 by former regulators, the company is recognized for continuous regulatory technology innovation with solutions hallmarked by workflow-directed processes, data integration, regulatory intelligence, automated validations, business process automation and compliance dashboards. The aggregate drives the highest levels of operational efficiency and enables our clients to cost-effectively comply with regulations and continuously mitigate risk.

    Trusted by the nation’s top financial services firms, RegEd’s proven, holistic approach to RegTech meets firms where they are on the compliance and risk management continuum, scaling as their needs evolve and amplifying the value proposition delivered to clients.

     

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