According to the definition in the Trial Provisions on Compliance Management of Securities Companies, compliance management refers to the behavior of securities companies to formulate and implement compliance management systems, establish compliance management mechanisms, cultivate compliance culture and guard against compliance risks. Compliance management is an enterprise's "internal core risk management activity". Compliance management department can be divided into broad sense and narrow sense. Broadly speaking, the whole banking system is responsible for compliance management.
Business lines and branches of. In a narrow sense, the Compliance Management Department is an independent functional department that identifies, evaluates, informs, monitors and reports compliance risks of banks. Compliance risk management is the common responsibility of the whole bank, not simply performed by the compliance management department. The role of the Compliance Management Department is mainly to help manage the compliance risks of banks. Compliance management department should actively identify and manage compliance risks according to compliance management procedures.
Report in time according to the reporting route and requirements of compliance risk. Compliance Management Department and Risk Management Department cooperate with each other in compliance management. The compliance management function is separated from the internal audit function, and the performance of the compliance management function is independently evaluated by the internal audit department regularly. The internal audit department is responsible for the compliance audit of various business activities of commercial banks. The internal audit plan includes the audit evaluation of the appropriateness and effectiveness of compliance management functions, and the risk assessment method of internal audit should include the assessment of compliance risks.