ADVISORY

Our experienced industry practitioners have had successful careers in AML and KYC functions at financial institutions and bring a deep understanding of what you need to transform and run your KYC, Reg, Tax and Compliance functions.  We often work in partnership with your teams to coach, support and challenge them, realise target outcomes and leave behind business capabilities that they can manage on a self-sustainable basis.

Vision, Strategy & Target Operating Model Design

  • Defined and mobilised bank-wide CLM vision, strategy, outcomes and plan at Group Executive level
  • Aligned existing fragmented remediation initiatives into a single coherent group-wide approach and target operating model
  • Ongoing global industry assurance and expertise on Policy, Org Model, Technology, Process and Controls to accountable leaders
  • Definition of and bringing together the Retail, Corporate and CIB business units globally behind a joint operating model for a single wholesale bank CLM service
  • Delivered the mandate from the group CEO to design a single groupwide CLM service and implemented this with 11 autonomous business units across 52 countries
  • Together with the firm's senior stakeholders we have coordinated and design strategies which incorporate the appropriate business units and teams to ensure a cohesive and sustainable model is in place

Policy Harmonisation & Implementation

  • Worked with Financial Crime Compliance and 1st Line of Defence to define their new AML policy standard, harmonised policy requirements across 13 countries/58 policies with lineage back to country regulations
  • Using our Cerebro digital policy service we have converted, normalised and digitised over 26,000 policy items into their atomic parts across 72 policy documents to drive the CLM roll-out across multiple jurisdictions
  • Traversed from manual regulations and bank policies to directly consumable and testable AML requirements using our Cerebro digital bridge to Fenergo CLM for automated configuration, eliminating months of cost and manual analysis by bank project teams
  • Defined the regulatory requirements for Derivatives Reform (Dodd Frank, EMIR, etc), MiFID II, Tax (FATCA, CRS, etc), Margin, etc to drive an accelerated funds onboarding model

Vendor Selection & Investment Advisory 

  • Utilised our understanding of the underlying business challenge and our range of partnerships to help firms engage with the correct vendor to solve for new processes and to deliver efficiencies, compliance and a great customer experience
  • Partnered with an emerging AI capability to help them position themselves for investment, new clients and expanded market share
  • Provided expert industry and domain expertise to investment firms looking to develop and hone investment hypotheses to acquire value targets in the RegTech sector