New regulation is a reflection of society and the economical times we live in

ethics and conduct

At the conference Financial Compliance and Legal on the 24-25 of may, Nora Matilda Evjen Ilmoni, head of regulatory compliance, Danske Bank will give a presentation about ethics & conduct, and how that fits in to financial crime remediation in a large bank.

Read an interview with Nora here.

What is your professional background and how is compliance part of your work area?

My background is a lawyer who also has studied political science. However, I have worked with bank regulation and compliance for over 20+ years.

How do you feel about the fact that the legislation introduces new areas such as ESG, IT security, etc. that require compliance?

I feel new regulation is a reflection of society and the economical times we live in.

What do you think is the compliance function’s biggest challenges? And what solutions do you see in relation to the challenges?

I think keeping up with regulation and business is the biggest challenge. As solutions I see different technical solutions that helps us in a compliance function to do horizon scanning and rotating business people and compliance people in a bank, understanding the business and the need for compliance.

Which trends do you think we will see in the future regarding compliance?

More automated processes for reporting, more intelligent use of data and less people doing the actual compliance, second line of defense work. I see compliance being built in the different processes and compliance by design.

How will the compliance function change in the next 5 to 10 years?

As indicated above, some organizations would have less people in compliance, and the different roles are not filled with traditional compliance professionals such as lawyers, but rather with tech people and data analyst who can dig into the data and make analysis of the data for reporting and issue management.

What is our presentation about at the conference?

I will speak about conduct and ethics and how that fits into a large organization that is doing remediation on the financial crime side.

What do you think is most exciting on this year’s program?

I think markets in crypto assets sounds quite exciting!

Do you want to hear more from Nora on conduct and ethics?

At the conference Financial Compliance and Legal on the 24-25 of may you can hear a presentation with Nora Matilda Evjen Ilmoni on ethics, conduct  and how that fits in to financial crime remediation in a large bank. Read more about the conference and sign up here.