Finance, Risk & Compliance
We advise financial institutions to meet the challenges of increasingly stringent regulations and financial crime by adapting their Finance, Risk and Internal Audit strategies and organizations and by transforming Compliance and Client management functions and processes.
Finance & Risk
We work in partnership with the Finance, Risk and Internal Audit departments to help them to restore their margins and achieve a higher return on their equity . We define optimal capital, balance sheet and liquidity management strategies, through our different offers.
→ Consulting Services in Financial Accounting and Internal Audit
Transformation and organization of the Finance function: Design of target business models and implementation management
Optimization and acceleration of the closing process and preparation of financial statements
Assistance in the adoption of new accounting standards: IFRS and US GAAP
Internal Audit Consulting: Operational processes, governance, information systems, and data quality
→ Risk Management, Modeling and Quantitative Analysis
Transformation and organization of risk functions: Risk Management and related roles throughout the organization
Reinforcement of internal risk control mechanisms for the 3 lines of defense
Development and review of quantitative risk measurement and management models: credit, market, and operational
Enhancement of monitoring processes regarding risk data quality: BCBS 239 and ADRNR
Facing an ever-changing competitive environment and increasingly demanding regulation, financial institutions are experiencing unprecedented challenges in restoring profit margins and earning higher return on equity.
Financial Crime & Compliance
We bring to Compliance and Client Management functions our extensive experience in financial crime topics ranging from KYC/AML to sanctions screening to policy writing. We help our clients deal with scarce resources, audit requirements, changes to organizational model, the design and implementation of technological solutions including process automation, put in place training academy by using our competency assessment tools and managing Compliance risk by reviewing the end-to-end controls framework and oversight.
→ Remediation, Quality review and policy writing
We help Compliance and client management functions increase performance, reduce timelines, increase customer satisfaction, efficiently use scarce resources and meet business requirements but redesigning and improving all financial crime related processes (e.g. onboarding, periodic review, etc). We provide clients with the opportunity to:
Optimize onboarding issue and tackle lead time
Optimize process with adapted process/checklist per type of client or business
Introduction of specialist teams to streamline blocking points
→ Digital & dematerialized repository
We partner with clients and third-party technology providers to implement digital transformation programs and have extensive experience in:
Implementation of workflow / repository / automated checklist system facilitating the end-to-end KYC process
Market place work with global KYC actors to enhance the usage of 3rd parties repository
Work with regulators to define the future strategy for enhancement and automation of controls
Financial crime requires banks not only to take an innovative approach and embrace new technologies, but also to move from a siloed approach to a firm-wide approach to compliance risk management.
We bring our combined innovation and organizational transformation expertise to meet this double challenge.
WE WORK WITH OUR CLIENTS TO DELIVER TANGIBLE RESULTS
Finance transformation of an insurance company in the context of an IPO
Adoption of IFRS 9 ECL Models
Assistance in managing remediation efforts for US GAAP compliance
Deployment of the Basel 3 methodology for credit risk parameters
AML/KYC Policy writing & design of Operational Procedures framework
Due Diligence Team KYC Processes Automation
KYC tracker design and implementation
Setup of a new organization related to international sanctions alerts filtering
Nearshoring of Compliance teams
S. EyraudPartner & CEO