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Risk and Compliance Advisory

Services
Risk Advisory
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Risk Management Advisory

As risk management consultants, we support the business in establishing top-down Risk Management framework and help you in reaping the benefits of an established risk monitoring and control. We have also affiliated with AI tools to perform analytics that will aid managing and mitigating your risk more on a real time basis.

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We offer the following management consulting services:

  • Process risk assessment

  • Enterprise Risk Management

  • Operation Risk Framework

  • Internal Control Financial Reporting (including SoX and JSoX)

  • Internal Audits – co-sourcing 

  • Control Testing and Assurance

  • Risk and Controls Training

  • Workshops on Risk Appetite and Tolerance 

TPRA

Third-Party Risk Assessment

Supplier/ third-party risk assessments are important in choosing vendors and continuing the relationship. All suppliers evolve and change and it is fundamental to confirm that they continue to meet your requirements.

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We support your organization in developing a plan to manage or mitigate each potential risk posed by the key third party/suppliers.

 

In addition, we also support you to reduce these risks. For example:

  • Develop an appropriate/customised vendor risk assessment model.

  • Provide you with frequent monitoring of the third party’s processes.

  • Support you in an annual due diligence of their vendor’s procedures.

  • Supplier or Contract SLA performance reviews.

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Further, our digital products will provide you with an ongoing assurance and appropriate oversight of the vendor.

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Segregation of Duties

Segregation of Duties (SoD) - Though simple in concept, SoD can be quite complex in implementation and design. An ineffective SOD design could be costly and may also lead to control weaknesses and frauds.

 

We support organisation in performing a gap analysis, designing a pragmatic solution, and implementing SoD, while considering the size the organisation, complexity of the process and systems.

SOD

Programme / Project Assurance

Our expert Programme/Project Assurance Team conducts independent reviews of critical large transformation or IT projects to support a successful project delivery. As part of this services, we will analyse:

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  • Status of projects,

  • Identify and evaluate issues and risks (RAID logs),

  • Provide constructive and pragmatic actions to optimization and remediate; and

  • Ensure implementation of adequate measures and Go-to-green plans in collaboration with the stakeholder.

 

Our project assurance model is closely aligned to the Prince 2 methodology. Please reach out to understand more about this service.

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Project Assurance
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Control Testing

If you are a inhouse 2nd line team or just looking for external assurance over you design and operating effectiveness of your controls, then our experts can support with efficient and effective testing process. We also provide “Testing as a Services” (TaaS) for your Risk and Controls framework and this will help you gain assurance over your control environment and also reduce overheads:

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  • Automate testing using RPA tools

  • Rationalise of Control Frameworks & testing scripts.

  • Consistency in execution of testing scripts

  • Centralize testing activities

  • Creating and facilitating ownership of compliance controls

  • Improve risk awareness and promote the control framework and control testing activities

Control Testing
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