Compliance & Control

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OFFERS & EXPERTISES

COMPLIANCE & CONTROL

BUSINESS ISSUES

Compliance

Internal control

Risk Assessment

Operational Risk Management

Implementation of new regulations

Digitalization and automation

Context

The regulatory change agenda continues during 2018 with new regulations that need to be complied with (e.g. RGPD, Sapin 2, PSD2) while implementation work continues on previously published texts (e.g. MiFID2 or IDD). In parallel with this, the prudential supervisory system has been strengthened, and supervisory authorities continue to impose, on financial institutions and insurance companies, a great deal of vigilance with respect to compliance and control of operations.

Issues

The financial sector is operating in an environment of greater competition with many new players arriving, particularly in the payments sector. The low interest rate environment is putting pressure on incomes, and in this context, internal control and compliance functions are caught between regulatory imperatives, the need to demonstrate their utility and the need to improve their operational efficiency. Using outsourcing and digitisation as levers for optimisation, compliance and control functions must continue to use robust and clearly documented internal processes.

HARWELL MANAGEMENT IS YOUR PARTNER

 

Our team consists of consultants with real experience in project management and transformation, as well as experts from the compliance, internal control and risk assessment professions. This dual skill set allows us to support compliance and internal control functions of financial institutions throughout their entire value chain, in consulting, implementation and business expertise.

1

Advisory & Diagnostics

  • Outsourcing
  • Process optimization
  • PSEE checks
  • Coordination of internal control functions
  • Business support of supervisory projects (ECB, ACPR, AMF, …)
  • Audits (Coso / CoBIT) / Certifications / Benchmarking)
  • Dedicated training design and deployment

2

Digitalisation

  • GRC tool deployment support: compliance, internal control, operational risks
  • Anti-fraud digitalization / financial security / market integrity
  • Standby – Studies – Tech End / Reg Tech / Bot / IA
  • Robotic Process Automation (RPA)

3

Change management

  • Structuring, conducting and implementing projects
  • Project Management / Project Management Assistance
  • Project Management Office
  • Data Lineage / Data Quality / Reporting

4

Operational assistance (compliance, risk management, permanent control, trades)

  • Design and implementation of control plans
  • Completion of level 1 and level 2 controls
  • Assistance in implementing internal and external recommendations
  • Establishment and adaptation of policies and procedures
  • Risk and process mapping
  • Risk Scenario / Evaluation in Impact and Frequency
  • Collection of losses and incidents
  • Management of anti-fraud devices
  • Design and improvement of abnormal operation detection scenarios
  • Resolution planning (KYC, treatment of alerts, declarations)
  • Design and production of dashboards
  • Business continuity plans

 

Our added value

We offer compliance expertise in terms of business controls, compliance, governance, and the management of regulatory relationships, and can support our clients throughout the entire value chain – from regulatory monitoring and impact analysis on operating models to operational support, including the framing and implementation of transformation projects.