Risk and Compliance Services

Transcription

1 Risk and Compliance Services Helping clients manage business and regulatory risks Internal Audit, Risk, Business & Technology Consulting

2 Introduction General background Protiviti ( is a global consulting firm that helps companies solve problems in finance, technology, operations, governance, risk, regulatory compliance and internal audit. Through our network of more than 70 offices in over 20 countries, we have served over 30 percent of the FTSE 100, 60 percent of FORTUNE 1000 and 35 percent Global 500 companies. At its core, Protiviti is a client-centric, relationshipbased organisation. This approach has helped us to achieve success with a variety of clients across a broad range of industries. We serve as trusted advisors to our clients, helping them manage their critical risks through a combination of people, process and technology transformation. We enable our clients to achieve better control and to be more effective and efficient in navigating risks, thus taking advantage of the opportunities that doing so better presents. Primarily focused on services aligned with the needs of financial services clients, our UK Risk & Compliance Solution team provide a number of offerings across the risk and regulatory compliance market place. With our risk management and regulatory consulting heritage, we have gained unique perspectives on the challenges faced by our clients. Through our network of more than 70 offices in over 20 countries, we have served over... 30% of the FTSE 100 of 60% of FORTUNE % Global 500 companies 1 Protiviti

3 We use these perspectives to not only solve regulatory, risk and compliance problems, but also to help identify solutions that are practical and can be readily implemented. We and our clients recognise that the information required for effective risk management also provides powerful insights about business that can drive enhanced performance. Reasons why clients select Protiviti Expertise We are good at what we do, but recognise that true specialists do not do everything we identify the experts who understand the unique and specific challenges your organisation faces and assign them to your Protiviti team. Furthermore, we have the unique capability of accessing additional resources and skills through Robert Half International (RHI) the world s first and largest specialised staffing firm. Stability We have the financial and management stability that comes from our position as a wholly owned subsidiary of RHI. RHI is a publicly held company (NYSE: RHI) and a member of the S&P 500 index. Proven capabilities From decades of experience, our teams have the sophisticated methodologies, specialised tools and hard-earned industry knowledge required to solve your most complex problems. Global We have offices across the globe, but we function as one seamless global organisation, not a network of partner firms. Our clients can count on us to deploy closely coordinated teams across the various countries where they do business. With more than 70 offices on five continents, combined with the tremendous worldwide staffing resources of RHI, we have the needed agility to assemble a team of experts to meet your urgent consulting needs. We are consistently told by our clients that the way in which we interact with them is unique among our competitors. Performance As part of our core values, Protiviti commits to maintaining specific promises. We promise every client that we will listen, provide the right talent, collaborate and build relationships, deliver value with excellence and openly share leading practices. We are consistently told by our clients that the way in which we interact with them is unique among our competitors. We partner closely with them and provide the continued attention of our most senior resources as we work together to achieve their objectives. We regularly receive feedback from our clients and score 8.7/10 on average in our client value management surveys. Protiviti 2

4 Powerful insights The risks of operating in global financial markets have never been more apparent. Financial product innovation drove opportunity, but the complexity of these products and the assumptions of many management teams obscured the risks many organisations were taking. As a result, the accuracy of financial models for decision-making and financial risk measurement has never been more important. With an ever evolving and increasingly more complex regulatory environment, meeting business goals has never been more difficult. Organisations take pride in their hard won strong reputations. The financial crisis has brought into question the reputation of many companies with questions raised over their ethics, culture or leadership. Events that may put at risk organisational brand strength or consumer loyalty are considered critical so having processes, controls and a cultural environment in place that seek to manage an organisation s risk profile and protect their reputation is critical. Operational risks are taken regularly by organisations and are viewed as a normal cost of doing business. The key is to manage these risks effectively within a tolerable range of performance and avoid the rare but potentially catastrophic headlinegrabbing situations that can threaten organisational existence. Operational risks must also be managed in an efficient and increasingly integrated manner, reflecting the growing stakeholder and regulatory demands for additional assurance processes. Our Risk Management and Regulatory Compliance consultants help CEOs, CROs, CFOs, COOs and Boards of directors assess, measure, improve and manage their regulatory strategies, risk management capabilities and governance oversight arrangements. The key is to manage these risks effectively within a tolerable range of performance and avoid the rare but potentially catastrophic headlinegrabbing situations that can threaten organisational existence. 3 Protiviti

5 Services overview Managing regulatory risk Our Risk & Compliance Solution, one of Protiviti s Regulatory infrastructure assessment, design seven service lines, focuses on assisting clients with their risk management and regulatory compliance business issues. The core competencies of our solution include deep regulatory experience and expertise including programme and project management around managing regulatory driven and implementation Regulatory issues covering areas such as MIFID II, SMR, MAR, CASS Conduct risk assessment Enforcement action advisory services change; policy and organisational structure design; Compliance function co-sourcing/outsourcing governance and oversight design and assessment; Target operating model design and and risk management. Highlighted below are seven implementation for compliance departments examples of some of the areas where Protiviti Regulatory compliance audits is currently helping clients in the Risk and Project/programme management Compliance space. Protiviti 4

6 Responding to regulatory change and review REGULATORY PROJECTS Gap analysis/impact assessments Detailed articulation of business requirements Implementation plans Post implementation reviews Independent verification Past business reviews Governance and oversight GOVERNANCE REVIEWS Board effectiveness evaluations Senior management responsibilities Role of non-executive directors Board and senior management training Significant influence functions Facilitation of risk and control self-assessments Optimisation of control functions SUPERVISORY VISITS AND THEMATIC RISK ASSESSMENT Response to information requests Pre visit preparation Mock interviews Management briefing packs OVERSIGHT FUNCTION DESIGN AND SUPPORT Review and design Three lines of defence Control function operating model design Benchmarking against best practice Integrated assurance design and implementation On site project management Closure of RMP action points Section 166 reviews Managing enterprise risk Design governance frameworks and advise on board committee structures Enterprise risk assessments Risk assessment process design and implementation Risk reporting reviews Issue management and escalation processes Enterprise risk management audits Risk culture assessments 5 Protiviti

7 Managing operational risk Design/implementation of operational risk programmes Design of executive reporting evaluations (e.g. KPIs, KRIs) Risk control self-assessment and loss event support Operational risk model governance, development and validation Convergence assessments, design and implementation (ORM, ERM and credit risk) Risk technology software selection and the management of implementation programmes Risk analytics & model risk Credit, market, operational risk model validation, development, audit Capital management: regulatory, economic, risk appetite Enterprise risk management: stress testing, scenario analysis, capital adequacy Financial crime analytics: anti money laundering, conduct risk Model risk management & governance Strategic decision support: capital planning, risk diversification, portfolio analysis, asset liability management Pricing and valuation models: equity, commodity, derivatives, securitisations Managing financial crime Anti-money laundering (AML) Anti-bribery and corruption (ABC) Financial crime risk assessment programme design and implementation End to end health-checks and benchmarking exercises Financial crime policy development and roll out Know your customer (KYC) remediation process Counter terrorist finance (CTF) Sanctions compliance Look back reviews Transaction monitoring system design and optimisation Portfolio and lender due diligence Objective and independent due diligence & collateral monitoring services Credit and operational risk focus across assets, processes, reporting capabilities and quality of data Experience across industries and asset classes Custom reporting on policies, procedures, processes, systems, etc. Support structuring and/or monitoring proposed or existing facilities Experienced professionals across countries and continents Framework to address questions and concerns, allowing focus on sound business decisions Programme management for complex multi-location projects Protiviti 6

8 For more information please contact: BERNADINE REESE Managing Director PETER RICHARDSON Managing Director MATT TAYLOR Managing Director ANDY CLINTON Managing Director Protiviti ( is a global consulting firm that helps companies solve problems in finance, technology, operations, governance, risk and internal audit, and has served more than 60 percent of Fortune 1000 and 35 percent of Fortune Global 500 companies. Protiviti and our independently owned Member Firms serve clients through a network of more than 70 locations in over 20 countries. We also work with smaller, growing companies, including those looking to go public, as well as with government agencies. Ranked 57 on the 2016 Fortune 100 Best Companies to Work For list, Protiviti is a wholly owned subsidiary of Robert Half (NYSE: RHI). Founded in 1948, Robert Half is a member of the S&P 500 index Protiviti Inc. An Equal Opportunity Employer M/F/D/V. Protiviti is not licensed or registered as a public accounting firm and does not issue opinions on financial statements or offer attestation services.