Compliance Operating Model

An efficient and effective compliance operating model is essential for financial institutions to meet evolving standards and regulatory expectations as well as to support business growth in the long run. By optimizing the compliance operating model, your bank can enhance accountability for risks and controls, improve regulatory alignment, reduce complexity and cost and strengthen its independent challenge function.

Are you asking yourself

  • Can we streamline compliance processes while maintaining high standards?
  • Are we applying the right compliance controls in the right way?
  • How can we strengthen Compliance as an independent challenge function and foster more risk and control awareness in the 1st line?
  • Is the 2nd line sufficiently excluded from operational controls and able to focus on independent monitoring and testing?
  • Does the 2nd line have sufficient data and technology to perform effective oversight and challenge?
  • How can AI and other technologies be leveraged to support compliance processes and controls and improve risk detection, monitoring and operational efficiency?

What you will get from us:

  • Transparency on control inefficiencies, control gaps and potential to increase control effectiveness across 1st and 2nd line
  • Insights into best practices regarding the delineation between 1st and 2nd line control performance
  • Support in strengthening 2nd line as an independent challenge function with an effective monitoring and testing program
  • Guidance in how to leverage technology including AI to support compliance processes and controls and enhance the compliance data and technology infrastructure
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Our Approach

  • Baselining

    Mapping of 1st and 2nd line controls to the bank’s risk taxonomy and applicable regulations and assessment against inherent risk appetites and regulatory requirements

  • Optimization

    Identification of redundancies and low-impact controls as well as control gaps and potential to increase effectiveness (design), assessment of control delineation between 1st and 2nd line and identification of 2nd controls eligible for 1st line performance

  • Technology enablement

    Assessment and evaluation of technology solutions to support compliance processes and controls

  • Sustainable implementation

    Once amendments to the Compliance operating model have been defined and aligned with relevant stakeholders, we implement them in an audit-proof and sustainable way. This includes amendments to policies and procedures, control design, roles and responsibilities and training as well as sourcing, development and rollout of technology solutions

  • Continuous improvement

    We establish a framework for continuous improvement that includes regular reviews, assessments and amendments embedded in bank’s risk and control review processes

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