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 landscape and increased emphasis on cost reduction only add to the complexity of financial services organisations achieving profitable growth.Protiviti’s regulatory compliance and risk management 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 to effectively manage compliance risk. Survey December 7, 2023 Executive Perspectives on Top Risks for 2024 and 2034 The 12th annual Top Risks Survey report highlights top-of-mind issues for directors and executives around the globe over the next year - 2024 - and a decade later – 2034. Learn more Operational resilience Improve resilience through a robust testing programme, building on existing business continuity management activities, IT disaster recovery, and cybersecurity incident response. We bring knowledge across the four domain areas of operational resilience: business, technology, cyber, and third-party. Learn more Regulatory compliance consulting services Pro Building office 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 Address your consumer compliance needs through compliance program management, regulatory reviews, consent and remediation, and operations support. We ensure you are compliant with Hong Kong Monetary Authority (HKMA) regulations as well. Pro Rightmark Square 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 compliance 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. Managing the compliance risks of today while positioning you to meet the challenges of tomorrow Our approach to managing regulatory compliance We help companies optimise resources and design compliance risk management programs 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 regulatory risk and performance indicators to business objectives and processes so that you can effectively manage 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 resources that promote success and enable innovation 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. How to ensure sanctions compliance and manage export controls Geopolitical conflict has resulted in an unprecedented wave of sanctions and export controls imposed on countries. Embed effective compliance management with Protiviti Hong Kong's risk and compliance advisory services. Perspectives on Global Sanctions Landscape Learn More Featured insights PODCAST Risky Women Radio | Women in Risk Management: Challenges and Opportunities Dive into the world of women in risk management. In this Risky Women podcast, Jenny Wong & Gayle Lacey discuss risk management challenges & opportunities. IN FOCUS Will CrowdStrike serve as a reboot on tech resiliency? Global IT systems are still in reboot and recovery after a software update by cybersecurity vendor CrowdStrike caused a massive worldwide outage of Windows computers. Global businesses, governments and organisations were impacted across several... WHITEPAPER Can we trust culture and conduct to guide decision making in the financial services industry? More than 15 years after the great financial crisis, the financial industry’s culture and conduct remain very much in the headlines. Has nothing changed? A lot has indeed changed, though bad actors still manage to prevail at times. Maintaining good... 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... WHITEPAPER DORA Compliance: Untangling Key Hurdles to Implementation The Digital Operational Resilience Act (DORA), or more formally known as Regulation (EU) 2022/2554, took effect on 16 January 2023, with final industry compliance required by 17 January 2025. The regulation underscores the importance of digital... WHITEPAPER SIFMA’s Quantum Dawn VII After-Action Report The latest iteration of SIFMA’s biannual cybersecurity exercise focused on the outage of a critical third-party service provider. The simulation and concluding survey found many financial institutions are already experienced with the loss of a... WHITEPAPER Sanctions Risk Assessment: A Key Risk Management Tool Faced with the growing complexity of the geopolitical landscape, governments have been using financial sanctions increasingly as foreign policy tools to respond to developments as wide ranging as regional conflicts and wars, terrorism, and human... WHITEPAPER An Open Letter to CEOs and Board Members: In Support of the Compliance Function We’ve all heard it said: “Tone at the top” is critical to the success of a compliance function, and financial institution regulators expect CEOs and boards of directors to foster a “culture of compliance” in the institutions they oversee. We’d expect... PODCAST Risky Women Podcast | Top Compliance Priorities 2024 In this episode of Risky Women Radio, host Kimberley Cole, CEO of the Risky Women organisation kicks off Series 7 by discussing the predictions for 2024 in the field of risk regulation and compliance. She is joined by Carol Beaumier and Bernadine... Button Button Quantum computing helps financial services organisation improve portfolio optimisation A joint team of quantum computing engineers and financial analysts at this industry leader in digital financial services, led by a forward-thinking CIO, knew they wanted to take advantage of quantum computing to solve unique challenges that could not be handled with classical computing alone. Read more Leadership Jeffrey Hau Jeffrey leads Protiviti Hong Kong's risk and compliance and internal audit practices with more than 20 years of experience in regulatory compliance consulting and auditing. As the leader of the financial services practice, his specific areas of focus include advising ... Learn More Edward Choi Edward is a director at Protiviti with 14 years of experience in regulatory compliance and internal audit for global financial institutions. He is a leader in Protiviti’s risk and compliance practice and serves the financial services industry in Hong Kong.Prior to ... 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