Heightened standards and significant investments have increased the size and scope of responsibilities for risk and compliance functions. Expansion often is a fertile ground for inefficiencies to risk and there is ample room for effectiveness across all three lines of defence while stabilising or lowering costs. Often overlooked as success factors, risk management and regulatory compliance are intended to drive growth and act as enablers of business strategy. When implemented correctly, they create greater confidence and greater speed to value.
Protiviti’s Risk and Compliance consultants partner with management, board members and outside counsel to help organisations comply with regulatory requirements, respond to situations of noncompliance, and improve the processes around information systems supporting governance, risk and compliance (GRC). Protiviti’s compliance consulting helps clients take a disciplined approach to manage financial crime, credit, market and operational risks, regulatory compliance and remediation through a combination of assessments, process improvement, and model review and validation.
Watch the videos or download Protiviti’s Executive Perspectives on Top Risks in the 2021 and 2030 survey reports here.
Given the increasing regulatory scrutiny related to AML issues and complex challenges faced by financial services organisations in that regard, institutions are realising the importance of implementing and maintaining a robust AML programme. Our core team of AML professionals will work with you to articulate a programme that meets organisational goals and fits the current regulatory climate.
Increased regulatory expectations impact banks from across various asset sizes and create complexities with an underlying common theme that our subject matter experts effectively address - balancing risk and rewards through enterprise-wide risk and capital management.
Even in non-crisis periods, credit losses cost organisations tens of billions of dollars annually. These costs can intensify with sub-optimal and ineffective methodologies, processes, and technology. Protiviti’s credit risk consultants help many of the world’s leading organisations reduce costs and improve returns while matching credit risk strategies to our clients’ risk appetites.
A comprehensive view of an institution’s risks is no longer a luxury, but a requirement to discourage individuals from discounting risks that are significant to the organisation. Protiviti will work to design, implement and maintain effective capabilities that manage your most critical risks and address cultural and other organisational issues that can compromise those capabilities.
Understanding your risk profile and true exposure from a profitability, operational and cash flow perspective, is at the core of our dedicated market and commodity risk team. Our professionals have experience trading, hedging, and controlling risk to solve the problems facing management in the fast-paced environment we live in today.
To be ready to face the 21st-century challenges, firms need to make sure that there is sound management of processes, people, and systems. Our professionals help you enhance regulatory standing, rating agency grades and shareholder confidence.
Today's organisations face unprecedented challenges in managing risk and adhering to complex regulations. The cost of noncompliance can be the loss of an entire enterprise. Our professionals help you develop, implement, and uphold an effective regulatory compliance programme to maintain your reputation and maximise investments.
Our controls optimisation solution is designed to assist organisations to review and refresh their existing internal control frameworks. Optimising controls delivers enhanced business value by evaluating, rationalising, redesigning, automating controls, centralising controls monitoring and testing where possible.