Operate Globally and Execute Locally – Simplifying Watch List Management

Presented by

Jim Burnick and Sridhar Govindarajan

About this talk

The right combination of management structure with leading edge technology can streamline your global watch list management, reducing noise in your screening process. Managing any global data process can be challenging – managing the variety of lists employed in your screening process is no exception. Whether you’re a large multi-national with lists spanning numerous countries or a financial institution (FI) trying to organize a set of lists in one region—the complexities of watch list management can add significant costs and inefficiency that overwhelm your staff and systems. Many financial institutions struggle with ad hoc management of a decentralized process. For example, local branches have relationships with local vendors and often create local lists, leading to substantial variability and duplication across the enterprise. This duplication creates regulatory risk as there is no clear view of what is being screened across the organization to show to auditors. Beyond the regulatory risk, the data inconsistencies can be a root cause of false positives due to imprecise matching. Join the experts at Pitney Bowes to learn about best practices and innovative approaches to watch list management that will help standardize program management and improve overall data quality to drive better outcomes of your Sanctions Screening and Watch List Filtering processes. Learning Objectives •Alleviating various pitfalls and challenges FIs face in watch list management •Reviewing best practice approaches and technologies to improve watch list management •Understanding quantifiable benefits you can achieve through better watch list data quality

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