2 OKR examples for Regulatory Compliance

What are Regulatory Compliance OKRs?

The OKR acronym stands for Objectives and Key Results. It's a goal-setting framework that was introduced at Intel by Andy Grove in the 70s, and it became popular after John Doerr introduced it to Google in the 90s. OKRs helps teams has a shared language to set ambitious goals and track progress towards them.

Formulating strong OKRs can be a complex endeavor, particularly for first-timers. Prioritizing outcomes over projects is crucial when developing your plans.

We've tailored a list of OKRs examples for Regulatory Compliance to help you. You can look at any of the templates below to get some inspiration for your own goals.

If you want to learn more about the framework, you can read more about the OKR meaning online.

Best practices for managing your Regulatory Compliance OKRs

Generally speaking, your objectives should be ambitious yet achievable, and your key results should be measurable and time-bound (using the SMART framework can be helpful). It is also recommended to list strategic initiatives under your key results, as it'll help you avoid the common mistake of listing projects in your KRs.

Here are a couple of best practices extracted from our OKR implementation guide 👇

Tip #1: Limit the number of key results

The #1 role of OKRs is to help you and your team focus on what really matters. Business-as-usual activities will still be happening, but you do not need to track your entire roadmap in the OKRs.

We recommend having 3-4 objectives, and 3-4 key results per objective. A platform like Tability can run audits on your data to help you identify the plans that have too many goals.

Tability's audit dashboard will highlight opportunities to improve OKRs

Tip #2: Commit to the weekly check-ins

Don't fall into the set-and-forget trap. It is important to adopt a weekly check-in process to get the full value of your OKRs and make your strategy agile – otherwise this is nothing more than a reporting exercise.

Being able to see trends for your key results will also keep yourself honest.

Tability's check-ins will save you hours and increase transparency

Tip #3: No more than 2 yellow statuses in a row

Yes, this is another tip for goal-tracking instead of goal-setting (but you'll get plenty of OKR examples below). But, once you have your goals defined, it will be your ability to keep the right sense of urgency that will make the difference.

As a rule of thumb, it's best to avoid having more than 2 yellow/at risk statuses in a row.

Make a call on the 3rd update. You should be either back on track, or off track. This sounds harsh but it's the best way to signal risks early enough to fix things.

Building your own Regulatory Compliance OKRs with AI

While we have some examples below, it's likely that you'll have specific scenarios that aren't covered here. There are 2 options available to you.

Use our free OKRs generator
Use Tability, a complete platform to set and track OKRs and initiatives
including a GPT-4 powered goal generator

Best way to track your Regulatory Compliance OKRs

OKRs without regular progress updates are just KPIs. You'll need to update progress on your OKRs every week to get the full benefits from the framework. Reviewing progress periodically has several advantages:

It brings the goals back to the top of the mind
It will highlight poorly set OKRs
It will surface execution risks
It improves transparency and accountability

Spreadsheets are enough to get started. Then, once you need to scale you can use a proper OKR platform to make things easier.

Tability's Strategy Map makes it easy to see all your org's OKRs

If you're not yet set on a tool, you can check out the 5 best OKR tracking templates guide to find the best way to monitor progress during the quarter.

Regulatory Compliance OKRs templates

We've covered most of the things that you need to know about setting good OKRs and tracking them effectively. It's now time to give you a series of templates that you can use for inspiration!

You'll find below a list of Objectives and Key Results templates for Regulatory Compliance. We also included strategic projects for each template to make it easier to understand the difference between key results and projects.

Hope you'll find this helpful!

OKRs to ensure compliance and adaptability of Finance department for long-term success

Ensure compliance and adaptability of Finance department for long-term success
Identify and prioritize areas for automation and digitization within the Finance department
Implement updated financial policies and procedures to meet regulatory requirements
Revise and update financial policies and procedures to align with regulatory standards
Conduct a comprehensive review of existing financial policies and procedures
Identify gaps between existing policies and regulatory requirements
Communicate and train employees on the updated financial policies and procedures
Train all Finance department staff on new compliance protocols and best practices
Schedule a training session for all Finance department staff
Conduct role-playing exercises to practice implementing the best practices
Assess the knowledge and understanding of staff through a post-training evaluation
Develop training materials and resources for the new compliance protocols
Develop a roadmap for integrating emerging technologies to future-proof Finance operations

Track these OKRs

OKRs to streamline financial application processes through process orchestration

Streamline financial application processes through process orchestration
Decrease average process execution time by 20% compared to previous quarter
Achieve 100% compliance with regulatory requirements in financial process orchestration
Implement necessary process changes and updates to ensure 100% compliance
Identify gaps in regulatory compliance and develop corrective action plans
Continuously monitor and evaluate the effectiveness of the revised financial process orchestration
Conduct a thorough review of current financial process orchestration practices
Ensure process orchestration platform uptime of 99.9% for seamless application integration
Conduct regular disaster recovery tests to ensure seamless application integration in case of failures
Regularly update and patch the process orchestration platform for improved stability and performance
Implement a proactive monitoring system to quickly identify and resolve potential issues
Set up a redundant infrastructure for the process orchestration platform
Increase cross-application data integration rate to 95% for financial processes
Conduct a thorough audit to identify barriers to cross-application data integration
Continuously monitor and refine integration processes to ensure high data integration rate
Provide comprehensive training to employees on using integrated data systems effectively
Implement standardized data formats and protocols to streamline data integration processes

regulatory-compliance process-orchestration compliance-officer process-manager compliance-team process-management-team

Track these OKRs

More Regulatory Compliance OKR templates

We have more templates to help you draft your team goals and OKRs.

OKRs resources

Here are a list of resources to help you adopt the Objectives and Key Results framework.

To learn: Complete 2024 OKR cheat sheet
Blog posts: ODT Blog
Success metrics: KPIs examples