Lombard Risk hires compliance products director 22 November 2012London Reporter: Mark Dugdale
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Lombard Risk Management has appointed David Wilford as director of compliance products.
Wilford will also act as product director for Lombard Risk Management’s new compliance and audit application, ComplianceASSESSOR, and lead its dedicated team.
He has more than 35 years experience, primarily in the areas of risk management and regulation.
John Wisbey, CEO of Lombard Risk, said: “Our clients look to us for solutions to all their regulatory needs and an increasingly important part of that is to ensure that their firm as a whole is meeting, and/or working towards meeting, all aspects of compliance.”
“ComplianceASSESSOR has been designed to show senior management how a firm complies and continues to comply with regulations. It addresses the new approach to supervision by providing a means of assessing the state of compliance with all applicable regulations at business unit and regulation level—irrespective of jurisdiction—and addressing deficiencies through appropriate action plans.”
Wilford added: "With governments seeking to impose further regulations as a means of stabilising and protecting economies, and the regulators taking a more intrusive approach to supervision, it is clear that many compliance and audit functions will come under enormous pressure, possibly to breaking point, without investment in resources and appropriate applications."
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