Enterprise Risk Transformation
As risks evolve, the processes of identifying, mitigating and managing them must evolve too. From risk strategy formulation through to implementation, organizations can benefit from risk transformation initiatives in areas across the organization, including finance, operations, financial crime, compliance, risk management, treasury and commodity trading.
- Operations Risk and Data Management
- Financial Crime
- Treasury Commodity Risk Management
Deloitte Risk Transformation (RT) draws on operations, technology, compliance and analytics competencies from across our Enterprise Risk services (ERS) practice. This means we can address all aspects of both business and technology risk environments. We also leverage other practice areas as required to bring Deloitte’s full cross-functional capabilities to your risk transformation needs.
Whether related to processes, people or technology, we can help you transform your risk capabilities.
Enable organisations to improve financial integrity by creating efficiencies and increasing confidence over financial processes and reporting.
Operations Risk and Data Management
We help clients navigate the operational risks resulting from market volatility, the vast and ever-changing regulatory environment, corporate events and other structural changes within organisations. Our solutions and tools help clients optimise and transform their operational processes, technology, and governance structures and leverage data and the power of analytics to mitigate risk and drive business performance.
Assists financial institutions in improving the effectiveness of compliance surveillance, anti-money laundering and anti-fraud initiatives by integrating and consolidating processes across the organisation. We provide compliance programmes improvement and remediation, assessment, gap analysis, roadmap planning, optimisation and implementation services for:
Anti-Money Laundering (AML)
- Suspicious Activity Reporting
- Watch List Filtering
- Customer Due Diligence/KYC
- CTR Operations
- FATCA Compliance
- PEP Screening
- Suspicious Activity
- Transaction Filtering
EFM (Enterprise Fraud Management)
- Mortgage Fraud
- Card Fraud
- ACH & Wire Transfer Fraud
- ATM Fraud
- Check Fraud
- Deposit Fraud
- Merchant Fraud
- Employee Fraud
- Identity Theft
- Account Takeover
- Insurance Claims Fraud
- Rogue Trading
- Insider Fraud
- Market Abuse
Compliance processes, policies and procedures
The compliance processes, policies and procedures services offered by Deloitte member firms can have many potential benefits to clients, especially in the following areas:
- Understanding of the implications and requirements of new regulations
- Implementing appropriate processes, policies, and procedures
- Designing and assessing policies and procedures
Compliance and risk assessments
Deloitte member firms offer various services to help clients address all aspects of compliance and risk assessments. These include:
- Conducting compliance and risk assessments
- Assessing current state regulatory reporting
- Implementing new reporting processes
Deloitte member firm professionals assist with and advise on developing risk-based compliance reporting services.
Compliance technology solutions
Deloitte member firms offer compliance technology solutions assisting clients in the selection and implementation of compliance technology solutions.
The extensive knowledge base and experience of Deloitte member firm professionals has helped organizations conduct investigations in connection with regulatory inquiries, administrative actions, and litigation pursuant to legal counsel requests.
Compliance benchmarking and modeling
Deloitte member firms offer compliance benchmarking and modeling services assisting clients in assessing existing compliance models for operational efficiency.
The remediation services offered by Deloitte member firms provide regulatory remediation assistance (which include developing and implementing remediation plans to address regulatory findings). Deloitte professionals also serve as consultants to clients when mandated as part of administrative actions and proceedings.
Deloitte member firms offer compliance testing services assisting clients in developing and administering compliance training.
Treasury Commodity Risk Management
We help Treasurers, CROs and CIOs address key challenges faced by treasury organizations, by offering deep treasury experience across the spectrum of strategy, controls, process and technology. Specifically, we provide services to help our clients establish leading practice treasury operations, enable effective risk management controls/processes/ infrastructure, establish appropriate regulatory compliance and implement treasury & commodity management technologies.
We are well equipped to assist our clients respond to the increasingly sophisticated and fast moving technology risk agenda which they face by leveraging our Technology risk and control skills to deliver solutions in the following areas:
- IT Risk Management
- IT Governance
- Security Operations Center
- Vulnerability & Threat Management
- Social Media
- Business Applications
- Digital Governance
Third-Party Risk Management
We help clients navigate the complexities, risks and opportunities in their “extended enterprises.” We also help implement people, process and technology changes for establishing a sustainable infrastructure to proactively manage and monitor risks presented by third-party relationships and drive better business performance.