Is your Firm exposed?

Proactive, periodic reviews will not only provide assurance to your senior management, the Board, and shareholders; they are also are viewed positively by the regulator.

The absence of an actual regulatory failing in your Firm is not necessarily an assurance of an effective control framework. It is more likely that your controls have not been challenged sufficiently.

You may be exposed to weaknesses in your control framework, yet not know about it until it is too late.

Testing your control framework with an independent review

We can review your Firm's compliance framework, including policies, procedures, resourcing, and reporting, to assess how well they meet regulatory expectations and interpretations. We can conduct full compliance reviews or specific examinations of just one area. Some of the areas that can be covered include:

  • Dealing Room Operations - assessing your Firm's adherence to internal control guidelines, risk management in interbank dealings, customer appropriateness and suitability guidelines, risk limits and the independence of front office, back office and middle office
  • KYC/AML Framework - reviewing your policies and procedures for KYC, customer identification and risk profiling, as well as your processes for identifying and reporting suspicious transactions
  • Preparing for a Regulatory Visit or Inspection – undertaking a full compliance review of your Firm and preparing you for the scrutiny of a visit from the RBI or SEBI
  • Compliance Framework - attain an independent view on the adequacy and effectiveness of your compliance framework, including compliance strategy, allocation of resources, reporting lines, independence between first and second line, management information, and preparedness for regulatory change.

What should you do now?

If you haven’t had an independent review of your control framework or it has been a while since the last one we have a dedicated team of experienced compliance consultants who can provide expert assurance to give peace of mind to your Firm. Contact us today for a specific, focused review of your compliance arrangements.

We have a dedicated team of experienced compliance consultants who can provide expert assurance and peace of mind. Get in touch to see how we can help your Firm.