Independent Risk Expertise for Financials
GOVERNANCE
Governance structure, controls and (regulatory) reporting process implemented efficiently
The implementation of financial processes needs to be done in a structured manner. A control framework and an effective 3-Lines of Defense model are required. We have worked on implementation projects across different sectors within the financial industry in reporting as well as business analysis roles. We are therefore greatly equipped to support your governance processes.
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(Regulatory) Reporting needs to be implemented and is expected to rely on increasingly granular data with appropriate controls, but it all starts with being in control yourself.
Targeted and pragmatic service delivery
Independent expertise
in the financial industry
Cooperation is key
RISK MANAGEMENT
A prospective approach in order to protect the achievement of your objectives
In order to implement effective risk management a few components are critical. First off all, the direct connection to the objectives need to be made. Secondly alignment with the people and organisation is required. Thirdly it is critical to be aware which processes are impacted? And lastly by clearly identifying scenarios and stress testing your organisation, risk information enriched decision making is enabled.
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Risk Quantification can be an instrument in your risk management process, and a powerful instrument, but should not be the target. A process investigating, analysing and modelling is very valuable in itself, and we are greatly interested to support your organisation.
Interim Management
and
Operational Support
In-depth Analysis
and
Projects
Sparring Partner
and
Remote Support
(ALTERNATIVE) RISK FINANCE
Independent expert on Captive and Parametric Insurance
In current hard insurance market with significant premium increases and pressure to increase retentions it is important to be aware of alternative risk finance techniques. We are independent and experienced both in captive insurance and parametric insurance.
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Captives are inhouse insurers enabling efficient risk pooling. Our Risk Financing Framework can be used to determine whether a captive is of potential added value to you. As we are connected to all major captive managers as well as Cell Company facilities we can select the facility most appropriate to you.
Parametric insurance is of increasing interest, and can be utilised. Short term to carve out risks which are inefficiently priced by the insurance market. Long term usage may increase, especially due to increasingly powerful data analysis reducing basis risk inherent in the structure. We recommend to investigate this risk financing technique as this will impact a range of internal processes.
COMPLIANCE
How to keep up with changing regulations?
As a Financial organisation, regulatory developments are critical for your license to operate. We have worked in implementation as well as operation of several regulations. Being aware of the operational side of compliance is in our perspective a key benefit in implementation processes. We have worked a.o on:
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- Insurance: Solvency II
- Accounting: IFRS 16 and IFRS 17
- Banking: Basel IV / CRR, Corep, Finrep, ML Directives
- Pension Funds: FTK
- Corporates: GDPR and EMIR
Although regulations differ the underlying processes and perspectives are similar. Being able to mirror regulatory experience can benefit your organisation as well.
