Video | Protiviti Legal Perspectives With Managing Director Amber Schreier

In a recent episode of the Protiviti Legal Perspectives podcast, Chad Volkert, Global Solutions leader at Protiviti, welcomed Amber Schreier, a managing director in Protiviti’s Legal Consulting practice. With nearly two decades of experience in legal operations, project management and talent management, Amber provided invaluable insights into the evolving landscape of legal and compliance strategies within the financial services industry.

The Evolving Landscape of Legal and Compliance Functions

Financial services institutions are facing an increasingly complex regulatory environment, prompting significant changes in their legal and compliance strategies. Amber highlights several key trends driving this transformation. One of the most notable shifts is the expansion of legal and compliance departments, both in terms of headcount and collaboration. Traditionally siloed functions are now working hand in hand to proactively manage risk rather than simply reacting to regulatory issues.

Moreover, financial institutions are adopting a more strategic and predictive approach to compliance, integrating legal considerations into their day-to-day business operations. This proactive stance not only mitigates risk but also creates a competitive advantage in an increasingly regulated marketplace.