Risk and compliance are often grouped together but are two separate but complimentary disciplines. 

 

Management of your compliance obligations is non-negotiable, a regulatory standard you have to meet in order to continue to operate your business within the law.   A compliance management framework identifies your regulatory obligations and sets up a series of policies, processes and controls to help ensure those obligations are met.  Depending on your industry, a framework may be reasonably static or it may require constant updating to meet a fast moving regulatory change environment.

​

Risk management is the pro-active process of identifying, analysing and responding to risk factors inherent in your business.  Good risk management will reduce the likelihood of risks occurring and should also reduce their impact should they eventuate.  This risk identification process allows a business to decide whether it is prepared to accept the potential of certain risks occurring and to put in place steps to mitigate their impact; or whether it would prefer to avoid the risk altogether.  A risk management framework is a dynamic process that continually evaluates and mitigates against risk. 

​

We have experience in risk and compliance gained as the Head of Risk and Head of Compliance at ASX Listed companies.  We have particular expertise in the financial services industry but can assist with a range of risk and compliance services. 

​

If you are a growing business, we can help you set up your risk and compliance frameworks from scratch.  If you are an established business, we can help you ensure that your frameworks are fit for purpose, working effectively and up to date with the latest regulatory requirements.  We can also assist with work on a particular project or task.

​

We can help design, implement or update:

• a compliance risk management framework

• a risk appetite statement

• a risk management framework

• risk registers and risk heat maps

• compliance registers - conflicts of interest, gifts and entertainment etc.

​​

Often as a business grows, so do its policies, processes and procedures.  We can draft, revise or consolidate all of your risk and compliance policies to ensure they are:

• fit for purpose

• clear and concise

• internally consistent and logical 

​

​