Tuesday Tips: Control the Risk
Tuesday Tips
Step 3: Control Measures
Identify it. Assess it. Now — control it.
Step 3 of the risk assessment process is where strategy meets action. Once risks are understood, Essential Edge helps organizations put practical, cost-effective controls in place to minimize their impact.
Effective control measures include:
🔹 Oversight — keeping a watchful eye on what matters
🔹 Training — equipping your team with the right knowledge
🔹 Monitoring — staying alert to changes in risk levels
🔹 Testing — validating that your controls actually work
The best controls aren’t just compliant — they’re practical; and they actually get used. A control that sits in a binder is not a control at all!
What control measures has your organization found most effective? We’d love to hear from you!
Todd Spillane is President of Essential Edge Compliance Outsourcing Services, LLC. An experienced Chief Compliance Officer, General Counsel and Chief Operating Officer, Todd brings a strong background in all aspects of investment, legal and compliance to his role.
