Governance, Risk and Compliance (GRC)

Financial services firms are facing a large-scale regulatory reform agenda that creates significant risk of non-compliance and reputational risk for their organization.

With greater scrutiny from international and local regulators, firms have to ensure that they have put in place a robust and timely control and processing framework supported by effective governance to de-risk their external and internal commitments.

Axis Corporate’s Governance Risk and Compliance Consulting team understands the complexity of regulatory compliance that directives require along with the internal challenges of implementing programmes to deliver compliance against fragmented and inefficient processes, ineffective governance and insufficient capital.

In our experience, the key to tackling these issues is through effective and transparent governance, identification and management of the right risks with robust controls and adopting a holistic approach to tackling regulatory change.  All of which we have delivered to a number of global financial services firms.

How we help our clients

Axis Corporate is helping a variety of  retail and corporate banks, investment institutions, wealth managers, card providers and regulators address their governance, risk management and compliance priorities including:

  • Implementing effective risk management frameworks, enhanced controls and appropriate reporting capabilities
  • Regulatory oversight, horizon planning and response through effective portfolio management’or complying with a specific regulation
  • Mitigating financial crime through addressing anti-money laundering, conduct risk and fraudulent priorities or concerns
Our expertise

Axis Corporate deploys its risk management & compliance methodology to help clients tackle a wide range of issues and solutions whether it is through policy refresh, re-focusing governance arrangement, re-balancing or designing new operating models or introducing new capabilities such as risk data strategies or IT solutions. One area of specific focus is that of Anti-Money Laundering (AML). Fourth Anti-Money Laundering Directive The European Union has issued its fourth Anti-Money Laundering Directive (AML) and after an extensive process of consultation it now has an application date of late 2016.All financial institutions need to update their policies and procedures as well as performing a remediation of their existing client information. Timeline This process has been plagued by delays but the likely timeline is as follows:

  • First half of 2016 – Consultation document, three months to respond and open HM ...

Has evolved from a series of rules and policies in bank regulation to a broader field which includes both operational  and customer experience risks. At Axis Corporate, we consider  risk management to be an essential element that should be incorporated into the culture of organisations.   The proactive management of operational risk must contribute fully to the attainment of greater profits, allowing the liberation of capital resources and minimising the occurrence of surprises and subsequent losses. In our projects, we address risk management as a strategic, tactical and operational instrument for improving and protecting shareholder value, whilst maintaining compliance with regulatory obligations at the same time. We focus on strengthening the structural elements of risk management, including the link between operational risk and strategy. Our risk management teams follow a work approach which is based on the transformation of the traditional function of operational ...

Regulatory changes are more and more universal, the speed of the request for compliance is increasingly urgent and the consequences of non-compliance are more serious. In response, many companies are shifting their general focus towards the milestones of compliance. This often involves the reorganisation of their defence lines, the constant monitoring of the levels of compliance via a structure of automated controls, and the requirement that the role of compliance works together with the operations and business departments. This is to eliminate the risk of “at the origin” compliance via the redesigning of operational processes and automation. We help our clients to diagnose the efficiency of their current compliance model, designing comprehensive transformation programs in collaboration with them and supporting them in the selected high priority actions in this area. We work with the clients to identify the market opportunities which arise from regulation changes thus ...

"Axis Corporate has collaborated in the definition and implementation of the main relationship processes with our subscribers. As a result we have achieved a 50% improvement in the quality perceived by the subscriber"

Pere Guardiola

CEO - La Vanguardia

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