VSME6900 - Post Audit Action: feedback

You ought to have useful feedback to offer the Risk team from the audit you have just conducted. This might also generate ideas for future sifts.

Feedback will allow the Risk Manager, in conjunction with the Risk team leader, to evaluate the effectiveness of the sift. The feedback document is used to provide information on the effectiveness of the sift process and the results obtained.

It is extremely important that the Risk team are advised:

• if you found the trader to be non-compliant;
• if in the areas highlighted in the sift you found further errors; and
• if any error not identified during the sift could have been identified then and how.

This is the essential feedback which will allow sift processes to improve and develop.