Assessing the compliance function

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As a financial institution, regulators expect your compliance function to be independent. In addition, you have to deal with a growing number and complexity of laws and regulations and increasing pressure from regulators. Your compliance function helps you to embed this into the organization as well as possible.

Are you curious whether your compliance function is effective and succeeding in its role? Not only because you want to know this yourself, but also because you want to meet the regulators’ expectations? Our compliance specialists are happy to help.

Our approach

We can perform an independent assessment (or audit) of the effectiveness of your compliance function. In this assessment we pay attention to the governance and design of the compliance function in your organization, the assigned tasks, roles and responsibilities, how the activities are performed and how they are reported. In addition to our experience in the market, we include standards from laws and regulations and the expectations of the regulators.

In this way, we map out the extent to which your compliance function is ‘mature’ and effective. If the assessment shows points for improvement we will provide practical solutions.