COMPLIANCE

The FCA focus on conduct risk requires compliance to be central to behaviour and culture. Tony will work with you to find creative solutions that meet both your objectives and those of the regulators. He will seek to embed processes and controls that give you confidence there is effective customer service in a manner that complies fully with FCA and other regulatory requirements.

Key to achieving this is a deep understanding of the rulebooks and forthcoming changes, together with an empathy with your methods and goals. With this, there should be no compliance problem that cannot be solved.

Although you cannot contract out of your regulatory obligations, a suitably qualified consultant can help. A written agreement will define the scope and terms of engagement, and during the project full verbal and written reports on progress will be provided, including practical recommendations for improvement as necessary. If needed Tony will work with your team to implement any changes.

These services come with professional indemnity insurance cover.    

RISK MANAGEMENT

Risk management is a fundamental consideration for effective and compliant operations.  Tony's approach is a proactive one that seeks to anticipate the risks and put in place mitigating controls.  Compliance can and should be validated with testing, but for a lasting solution it is necessary to carry out thematic reviews of the processes and procedures using operational risk management considerations.  In this way mitigating controls can be implemented and non-compliance can be virtually eliminated. Appropriate day to day controls ensure the business delivers against its operational objectives and generate senior management MI and KPIs for strategic decisions.

• Have all inherent risks been identified?
• Are mitigating controls in place?
• Is the residual risk quantified?
• Is it within the risk appetite?
• Are action plans in place to correct where necessary?

ASSURANCE

By combining compliance with operational risk management considerations senior managers and governing bodies will receive the assurance they need that the business is both well controlled and compliant.  This is important in today's climate of personal and corporate accountability for systems of business control.  There have been many high profile failures that show that simply mapping a procedure to the rulebooks and sampling transactions is not enough.  Overall assurance must be given regarding conduct risk, covering corporate culture, principles for business and the effectiveness of the control frameworks.    

• Investment Managers - Pooled Funds, Segregated Portfolios, Execution Only, UCITS, NURS, SICAVs, UCIS, Alternatives
• Wealth Managers and IFAs - Investments, Protection, Pensions, Estate Planning, Appointed Representatives
• Private Equity Firms - LLP Funds
• Retail and wholesale distribution in the UK and EU, including US clients
• Building Societies
• Retail Banking

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