Outsourced risk & compliance service

Outsourced risk & compliance service
Outsourced risk & compliance service

Body

Protiviti Offering

We provide a single solution that brings world-class consulting and the largest global network of highly skilled specialised interim resources together to address your compliance needs. Our Outsourced Risk & Compliance Service can help your business manage end-to-end compliance operations effectively, while helping you meet your regulatory obligations along with your operational efficiency needs.

 

Regulatory Compliance & Reporting
  • Create and maintain obligations registers
  • Design and update necessary policies and procedures; perform periodic gap assessment
  • Support regulatory reporting
Enterprise Risk Assessment
  • Design risk assessment frameworks
  • Enhance existing risk assessment framework including utilizing quantitative analysis tools
  • Perform enterprise-wide risk assessment
Customer Due Diligence
  • Develop / update risk rating models
  • Perform onboarding, periodic review and trigger event review
  • Provide automation solutions to streamline onboarding
Transaction Monitoring
  • Perform transaction monitoring alert clearance
  • Escalate suspicious transaction and prepare STR filing documentation
  • Review / validate TM rules and thresholds
Screening
  • Perform screening including sanctions, PEP and adverse media; escalate screening results
  • Review/ Develop process to update screening lists
  • Review and tune screening models to improve efficiency of the alerts captured
Training
  • Prepare compliance specific training material
  • Conduct periodic general & role-based training
  • Maintain communication protocols with business on regulatory developments, regulatory inspections, and regulatory incidents/breaches
Strategic Solutions
  • Assist with vendor selection and implementation of appropriate tools where needed
  • Advise on system enhancement and provide automated solutions to streamline compliance operations
  • Provide Managed Business Service Offering with resources from our world class associate network of subject matter experts

 

Managed Business Service Offering

Our core team knows you and your business. They are there for you to bring the capabilities of the entire enterprise to address your needs.

We have the bench strength to engage our combined skill and expertise.

Technology led world-class resource delivery team with a global footprint to help identify, vet and retain the specific talent that is critical to ensure your success.

 

1

Loan Staff
  • Client directed; filling on premises resourcing
  • Variable resources; pinpoint skills match
  • Flexible duration; flexible cost structure 

2

Outsourcing
  • Protiviti directed; deliverables-based program management
  • Rapid deployment; via tested methodology and tools
  • Competitive value structure

3

Hybrid Teams
  • Core local team delivery teams supported by Protiviti India
  • Cost effective project execution with the ability to scale rapidly
  • Readily available subject matter expertise and quality assurance

4

Transformational Partnership
  • Long-term contractual commitments include:
    • Productivity targets
    • Value optimization
    • Continuous improvement
  • Drive transformation and maintain global  best-in-class practices