Compliance and Risk Management Services

Leverages regulatory compliance to mitigate risk and enable innovation.

There's a better way to manage the burden of regulatory compliance. Imagine if functions were aligned to business objectives, processes were optimised, and procedures were automated and enabled by data and technology. Regulatory requirements would be met with efficiency. Controls become predictive instead of reactive. Employees derive more value from their roles. The business can take comfort that their reputation is protected, allowing for greater focus on growth and innovation.

At Protiviti Australia, we support organisations across industries in elevating their risk and compliance management capabilities. Our services help you:

Integrate compliance into agile risk management teams
Leverage analytics for forward-looking, predictive controls
Apply regulatory compliance expertise and utilise automated workflow tools for more efficient remediation of compliance enforcement actions or issues
Develop regulatory compliance and performance measures that take into consideration customer needs, business objectives, and regulatory changes
Translate customer and compliance needs into design requirements for new products or services
Establish routines for monitoring regulatory compliance performance
Develop, execute, and integrate a regulatory compliance technology ecosystem that enables efficient and effective compliance activities

Integrate compliance into agile risk management teams

First Line of Defence (FLOD): Compliance readiness/process transformation/monitoring and testing

We assist the First Line of Defense (FLOD) with their overall compliance and risk management program and establish monitoring and testing activities to validate established processes and controls that are effective in mitigating compliance risks.

Second Line of Defense (SLOD): Compliance risk assessments, compliance testing

Protiviti works with risk and compliance teams to develop robust risk assessments, testing requirements or overall methodology. Compliance risk assessments and compliance testing are critical tools that SLOD can use to monitor compliance effectively and identify gaps.

Third Line of Defense (TLOD): Audit plan development/compliance audits

Protiviti focuses on documenting an audit strategy to monitor companies’ compliance with applicable regulations and policies and procedures. Audit plans should be developed based upon a client’s level of risk acceptance.

Compliance Management System (CMS) reviews/development

Protiviti ensures all pillars of the CMS, board and management oversight, compliance program, and compliance audit work cohesively to mitigate risk. A robust CMS aligned to Australia’s regulatory standards is an effective tool for companies to manage risk and foster a culture of compliance.

Regulatory change management

Australia’s regulatory landscape is dynamic, with frequent updates from regulators like ASIC, APRA, and RBA. Protiviti helps clients understand the impact of regulatory change and how to implement the requirements to ensure compliance.

Product lifecycle reviews

Protiviti assists clients by taking a holistic approach to compliance risk management, assessing risk from critical areas, including compliance, operations, privacy, legal and marketing when developing new, reviewing existing or retiring current products.

Compliance can provide a unique competitive edge

Our approach to risk and compliance management

In a dynamic world, Protiviti’s agile risk management framework helps organisations in Australia to fully understand the risks to their business and the critical information you need to protect it. A strong regulatory compliance function leads to more than reduced risk of non-compliance and regulatory penalties, but also to improved customer experience, enhanced brand loyalty, and increased value for stakeholders. While compliance is an understood necessity, it can also provide a unique competitive edge. We support you in building future-ready compliance capabilities that deliver strategic impact.

Protiviti’s compliance risk management services include:

Program design and implementation
Program self-assessments
Monitoring & testing
Risk assessment
Issue resolution and customer remediation
Third-party risk management

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Compliance can provide a unique competitive edge

Why Protiviti Australia is your trusted compliance risk partner?

Our team brings deep expertise in compliance risk management, with a focus on Australia’s regulatory frameworks. Our experience spans financial services, government, healthcare, gaming and critical infrastructure sectors.

We help clients navigate:

Regulatory requirements from the Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority (APRA)
Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) obligations under AUSTRAC
Industry-specific standards and expectations, including those under the Australian Financial Services Licence (AFSL) regime and advised by professional bodies
The Privacy Act 1988 (Cth), regulated by the Office of the Australian Information Commissioner (OAIC)
Compliance AI technology and RegTech uplift

We tailor solutions that deliver compliance and business value in line with organisational strategy and priorities.