Conduct & Risk Assurance framework of a Tier 2 Investment House

An external BDO audit identified significant weaknesses in the banks existing conduct and risk assurance framework. Aurora strengthened cross-functional guidelines and procedures, embedded in a reworked policy hierarchy. The purpose of these changes was to address audit points, establish a rigorous control framework and bring the banks documented FO policy in line with industry best practice.

Key Facts

5%

Under budget

22

Risk activities revised

0

Audit deficiencies

The Approach

Aurora reviewed the existing Global Markets policy framework, creating an action plan to address audit points and other identified weaknesses with minimal disruption to BAU activity. In an iterative process, we coordinated key senior bank stakeholders to document existing process, using our SME knowledge to enhance where appropriate.

The Service

People, Policy & Process Design

Drive the shape of your future state organisation, from people strategy and location to product process enhancements and team training.

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The Team

  • Sally Wyllie

    Partner

  • Rohan Toor

    Business Analyst

  • Rebecca Grant

    Delivery Lead

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Sean Vickers

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