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      As business and regulatory environments continue to evolve, organisations face emerging risks that challenge traditional strategies and assumptions. Business leaders are confronted with challenges, such as the rise of cyber security threats, volatile markets, the impact of pandemics, sustainability issues and an increasing body of regulation, to name but a few.

      In this environment, resilience is the key to organisational survival, and companies need to achieve a balance of governance, risk-management, regulatory compliance, efficiency and performance.

      How we can help

      KPMG’s highly experienced and industry focused GRC professionals work with clients to drive value from its governance and risk structures to support the business in efforts to identify and manage threats and be agile to effectively address market change.

      Our multidisciplinary GRC team are well versed in supporting Business Leaders in their efforts to address a range of complex matters, such as:

      • Governance structures

        Developing and refining governance structures (and related MI) to support effective decision making.

         

      • Risk Management Frameworks

        Designing, assessing, and embedding Risk Management Frameworks across all risk lenses (strategic, operational, technology, compliance, credit, market, liquidity and funding).

         

      • Regulatory Compliance Frameworks

        Designing, implementing and optimising Regulatory Compliance Frameworks and functions.

         

      • Independent reviews

        Performing independent reviews of the 2nd Line of Defence (Risk Management and Compliance) and 3rd Line of Defence (Internal Audit).

         

      • Internal Control Frameworks

        Designing and implementing Internal Control Frameworks and functions.

         

      • Process and Internal Control analysis

        Performing Process and Internal Control analysis and rationalisation/optimisation.

         

      • Strategic sourcing

        Internal audit strategic sourcing (right resources, right place, right time).

         

      • Continuous auditing techniques

        Deploying continuous auditing/monitoring techniques, including Data Analytics.

         

      • Integrated assurance frameworks

        Designing and implementing integrated assurance frameworks and operating models (across the three lines of defence).

         

      • Regulatory compliance programmes

        Establishing and supporting programmes to drive regulatory compliance (including AML/CFT, PSD 2, CRD/Basel requirements, Solvency II and MiFID).

         

      • Liquidity assessment programmes

        Establishing, refining and supporting internal capital and liquidity assessment programmes, and recovery and resolution planning.

         

      • eGRC systems

        E-GRC Systems - Supporting Risk, Compliance and Internal Audit functions determine business requirements for an eGRC system, supporting the procurement process, configuration of the selected eGRC system and advising throughout the implementation programmes.

         

      • Climate & sustainability

        Supporting the development of climate risk and sustainability solutions.

      What's in it for you?

      KPMG’s Remediation Centre of Excellence (“COE”) is an end-to-end data led managed service solution which deals with product related issues/errors that organisations are encountering.

      These are errors which have led to customer detriment as a result of the ever changing and heightened regulatory environment.

      We have an abundance of remediation experience. This experience ranges from large scale and highly complex remediation programmes, whereby KPMG has managed the end to end process including:

      • Restitution programmes

        Design, implementation and mobilisation of restitution programmes including governance and stakeholder management.

         

      • Customer journey assessment

        Customer journey assessment frameworks including conduct and compliance regulatory lens.

         

      • Advanced data solutions

        Implementation of advanced data solutions including machine learning and unstructured data extraction.

         

      • Refund calculation models

        Development of advanced refund calculation models.

         

      • Stop the Harm

        Design and development of ‘Stop the Harm’ and longer-term strategic rectification solutions.

         

      • Communication strategies

        Design and implementation of communication strategies and management of regulatory and senior executive stakeholder engagement.

         

      • External independent party

        Acting as an external independent party, performing assurance over all or some aspects of an organisation’s remediation project either board/senior manager or regulator initiated. 

      Why KPMG?

      The quality of our work reflects the technical capabilities and the commercial insights of our people, our cross-disciplinary approach to client engagements, our access to KPMG’s global resources and our extensive experience gained from advising clients across the financial services, corporate and state sectors.

      Get in touch

      To find out more about our governance, risk and compliance service, please contact Patrick Farrell.

      We'd be delighted to hear from you.

      Patrick Farrell
      Patrick Farrell

      Partner, Head of Advisory Markets

      KPMG in Ireland

      Read more in Risk Consulting

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