Regulatory Compliance Regulatory compliance consulting services help you manage today’s risks to build future success. Disruptive technologies, regulatory pressures, evolving customer loyalty, and pressure to enhance economic returns are just some of the challenges organisations need to overcome by innovating and managing their regulatory risks to succeed over the next decade.The dynamic regulatory compliance landscape and increased emphasis on cost reduction only add to the complexity of financial services organisations achieving profitable growth.Protiviti’s regulatory compliance consulting team brings a blend of experience and fresh thinking through a unique mix of consulting talent combined with former industry professionals, including risk and technology executives, commercial and consumer lenders, compliance professionals, and financial regulators. They ensure your business complies with Australian consumer protection laws administered under the Competition and Consumer Act 2010 and regulated by Australia’s main financial service regulators such as the Australian Prudential Regulatory Authority (APRA), the Australian Securities and Investments Commission (ASIC), and the Australian Transaction Reports and Analysis Centre (AUSTRAC). Research Guide November 25, 2024 FAQ Guide on the Use of AI for Financial Crime Compliance Ask financial crime professionals what the most challenging part of their job is, and most will likely say it is the timely identification of suspicious activity. As much as companies have worked to improve their detection capabilities given their compliance obligations, their desire to protect their reputations and their understanding, as corporate citizens, of the... Learn more Regulatory compliance consulting services Pro Rightmark Square Compliance transformation Design a target operating model that brings together a vision for people, processes, and technology to enable your business strategy. We help you build the capacity to transform by establishing a culture that drives shared responsibility and innovation. Pro Briefcase Regulatory remediation Aggregate and improve the quality of existing tools, technologies, and capabilities for look-back reviews and customer remediation. Our team responds to regulatory requests in an agile and efficient way, enabling you to drive business growth and innovation. Pro Screen System Integration Consumer protection We address your consumer compliance needs through compliance programme management, regulatory reviews, consent and remediation, and operations support. Pro Building office Compliance risk management Optimise and automate procedures using data and analytics for forward-looking, predictive controls, applying regulatory compliance expertise for more efficient responses to enforcement actions or issues to allow your business to focus on growth and innovation. Pro Document Consent Financial crime consulting Protiviti offers a multi-dimensional set of solutions to help you fight financial crime while staying in sync with regulatory changes. We collaborate to promote knowledge and skill transfers so your teams can leverage our delivery model, where impactful solutions can lead to lean and efficient operations. Pro Document Folder Anti-money laundering (AML) compliance Protiviti provides a wide variety of consultative services and AML solutions designed to assist organisations in all aspects of AML/Combating the Financing of Terrorism (CFT) compliance, in addition to conducting transaction monitoring, and Know Your Customer (KYC) reviews. Manage the risks of today while positioning you to meet the challenges of tomorrow Our approach to regulatory compliance management We help companies optimise resources and design compliance risk management programmes that are efficient, innovative, and tech-enabled so regulatory risk is covered across your organisation.In a dynamic market, you need a regulatory compliance consulting partner that can manage the risks of today while positioning you to meet the challenges of tomorrow.We help you:Identify, align, and integrate key risk and performance indicators to business objectives and processes so that you can effectively manage regulatory compliance riskFoster a culture of regulatory compliance so that you can factor in risk throughout your business—from product development, marketing, and sales, to underwriting, pricing, and servicing, as well as third-party risk, complaint, and issues managementDevelop effective compliance management systems and solutions grounded in data analytics and built on efficient and agile technology platformsEstablish, evaluate, monitor, and test for fair and responsible financial servicesEffectively manage or prepare for regulatory inquiries and exams or related matters requiring attention, and to respond successfully to enforcement actions and consent orders when neededDetermine how to best leverage risk and compliance management resources that promote success and enable innovationCompliant to APRA’s new cross-industry Prudential Standard CPS 230 to successfully manage operational risk and resilience Technology Modernisation: protecting your business, reducing costs and remaining compliant In a world marked by unpredictable geopolitical forces, rapid technological advances, shifting employee and customer sentiments and evolving regulations, businesses face constant disruption. Leaders must modernise while reducing costs, avoiding outages and ensuring compliance with regulations and standards.Our framework, built on Ardoq technology, helps organisations reimagine their approach to understanding the intricate connections between business and underlying technologies. We help you transform your organisation by connecting business activities to operational processes and databases to drive meaningful change. Perspectives on Global Sanctions Landscape Learn More Featured insights WHITEPAPER Network and information security directive 2 (NIS2) The European Commission has revised the NIS Directive, expanding its scope to include numerous new sectors. This revision aims to enhance cybersecurity across the entire European region by unifying national laws with common minimum requirements. For... WHITEPAPER Reframing Regulatory Change: Adapting to Win Regulations continue to expand in number and scope, driven by a variety of sources. As a result, the industry must deal with regulatory change on an ongoing basis. Some companies take an ‘adapting to win’ approach, which benefits not just how they... INSIGHTS PAPER Part 2: Risk transformation and the intersection with business transformation Risk maturity is a measure of an organisation’s risk management capabilities and culture. As organisations raise their risk maturity, it enhances elements across governance and framework, processes, people and organisations, methodologies, systems... INSIGHTS PAPER Part 1: Value chain mapping for risk transformation in Australia's new regulatory environment New regulations in Australia have created new priorities around governance, executive accountability, and operational resilience. The new rules raise pressure on firms to transform in multiple ways, including through value chain analysis. WHITEPAPER Sustainability regulation: ESG disclosures and demand for accountability set the tone for the future In recent years, increasing pressures from a variety of stakeholders have combined to drive companies toward more sustainable practices in their business operations and greater transparency. The real game-changer, however, has been the proliferation... BLOGS Year one insights: SEC cybersecurity incident management disclosure rules CFOs should school CISOs on materiality evaluations and reporting to the board, while CISOs can help finance chiefs better understand recovery costs, remediation efforts, single versus aggregate breaches and the nature of compromised data. Partnering... BLOGS Business get ready! Australia takes another step forward with climate-related disclosure requirements The Australian proposed sustainability reporting regulation, also known as The Treasury Laws Amendment (Financial Market Infrastructure and Other measures) Bill 2024 is now before the Australian Parliament for adoption. This follows a comment period... BLOGS Australian banking regulatory projects need more product manager support With so many changes to contend with in what feels like a never-ending series of unforeseeable events impacting people, processes, innovation, infrastructure and industries the world over, it’s a time of heightened risk and change on so many levels.... PODCAST Regulation, risk and reward with HSBC’s Chief Compliance Officer, Asia Pacific Some of the key things that I see will be around digitalisation, open banking, artificial intelligence and robotics, workforce transformation, cyber security, and as mentioned, sustainable banking as well as regulatory technology. We're also already... Button Button CPS 230 – APRA’s new standard to improve operational risk and resilience The new standard sets minimum operational resilience requirements that must always be maintained to ensure that any disruptions minimise consumer harm. Read more SWIFT Security Attestation Is your organisation equipped to meet this year’s compliance deadline? Read more Leadership Mark Burgess Mark is a managing director and Protiviti’s risk and compliance solution lead. With over 17 years of risk and regulatory compliance experience in the financial services industry, he has a proven track record delivering deep insights for his clients.Mark has spent a ... Learn More Matthew Pirera Matt is a managing director in Protiviti Australia’s risk and compliance team and is responsible for leading the delivery of best practice solutions across Protiviti’s key clients. Matt is the national financial services industry lead, also leading the Protiviti ... Learn More Mike Purvis Mike has more than 25 years’ experience in governance, risk management, compliance management and assurance, both in practice and industry. Mike’s experience has included the design of risk and compliance management approaches, the integration of risk and compliance ... Learn More