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Risk management and controls

We support clients in helping identify and manage existing and emerging threats to their business.

Businesses today face an ever-growing number of risks – everything from staff misconduct to cyber-attacks, and financial crime to climate change. Having effective risk management arrangements, including a robust and proportionate control environment, in place is essential to operating successfully in today’s environment.

With ongoing regulatory focus, a firm’s approach to identification and mitigation of risks, and the control environment, are essential to delivering on business strategy while protecting consumers, the firm and broader markets.

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How we can help

Non-Financial Risk Advisory and Assessment

We offer support to clients on Non-financial risk and internal control frameworks, Risk identification and assessment and Control environment enhancements.

Training

We offer training in operational resilience and control as well as topic-based training on non-financial risk and controls.

Financial Crime Compliance and Risk Management

We can assist firms in maintaining the highest standards of financial crime compliance (FCC) and risk management through advice on framework design, implementation, assurance, investigation and/or remediation. We focus on areas such AML, Sanctions, Anti-Bribery & Corruption, Fraud and Market Abuse.

How we've helped our clients

Global financial market infrastructure (FMI) provider
Risk and controls review for global tier one bank

Global financial market infrastructure (FMI) provider

We assisted a global FMI provider – in the context of its role as a FCA authorised benchmarks administrator – with a regulatory driven review of its controls and governance arrangements, providing observations in a report that identified where the client’s policies and/or practical steps were insufficient in respect of its regulatory obligations and supervisory expectations.

Risk and controls review for global tier one bank

We assisted a global tier one bank in review and enhancement of its IBOR transition conduct risk framework. This included assisting the firm in review, design and implementation of: (i) controls to mitigate conduct risks, including around customer communications, adherence to conduct risk strategies, and the use of market abuse systems to detect conduct risk; (ii) management information to track conduct risk trends; and (iii) governance to proactively identify and mitigate IBOR transition conduct risks.