Governance Risk and Compliance Consulting

OFFERING DESCRIPTION

A slew of multimillion-dollar loss events, bringing global institutions to the brink of bankruptcy, have increased the focus and urgency for an effective Governance, Risk and Compliance (GRC) framework.

Oracle Financial Services Consulting offers specialized expertise and services for financial institutions to build an integrated GRC framework - from Strategy & Design to Assistance in Implementation and integration in BAU process of ongoing enforcement, monitoring and mitigation.

GOVERNANCE & STRATEGY

Our Governance framework enable setting the objectives, lay the ground rules, and prepare the structure for use of authority and collaboration to achieve them while ensuring effective allocation of resources and evaluation of performance. Advisory services offered include:

  • Business & Technology Review and Fit-Gap Analysis covering
    • Governance structure
    • Policies & Processes
    • Systems, Data and Models
    • Applicable regulations
  • Design Governance Structure
  • Design Integrated Framework covering Risk and Compliance
  • Define Policies & Procedures
  • Define Control and Monitoring Mechanism
  • Bench mark with best Practices
  • Alignment with Strategic Objectives, Implementation Synergies and Recommend suitable Strategy / Architecture

RISK MANAGEMENT

Our Risk Management  framework enable banks to identify, measure, monitor and manage risk in an effective way. Our solution and our implementation method ensure that the client get the best in their pursuit of a working and effective Risk Management framework.

  • The service offered includes:
    • Establish Risk Management Framework for Credit, Market, Operational and Liquidity Risk
    • Establish Risk Assessment and Control Framework
    • Data & Information Integration & Aggregation
    • Reporting & Analytics
    • Data Analysis & Data Modeling
    • Internal Capital Adequacy Assessment Process (ICAAP)
    • Model building, validation, stress testing
    • Integration with Compliance
    • Training & Awareness

COMPLIANCE MANAGEMENT

Our Compliance framework ensures adherence to mandated as well as voluntary guidelines. The framework also enables identification of compliance obligations, assessment of controls associated with compliance process and verification of performance.

  • Design a compliance framework
  • Prepare Compliance Plans based on Mandated and Voluntary guidelines
  • Document Obligation requirements
  • Define Controls relating to Obligation requirements
  • Develop method of Control Test and Assessment
  • Integration with Risk Management process
  • Help build obligation library
  • Training & Awareness

TECHNOLOGY SERVICES

We help banks define their technology framework to build an integrated risk and compliance platform for GRC management. The service includes implementation of Oracle Financial Services GRC products as well as implementation of custom build technology solutions. The services include:

  • Define Technology and Implementation Roadmap
  • Design and build an Integrated Technology platform for Risk and Compliance Management
  • Data and Information Architecture –
  • Dashboard, Reporting and Analytics
  • Technology Products Implementation
  • Program Management
  • Training & Awareness