Objective

The Asset and Wealth management arm of an Australia-based financial services firm wanted to implement a compliance management transformation to uplift its entity obligation framework 

Challenges
 

• Complex regulatory landscape with hundreds of disclosures distributed across business units.
  
• Understanding and adopting regulatory changes required significant overhead.
  

Approach
 

• Defined process and control architecture with clear alignment to ~1000 regulatory obligations.
  
• Enabled proactive attestation of compliance plan for 12 licensed entities through articulation and control linkage in the risk and controls system.
  

Impact
 

• Increased understanding of regulatory obligations with ease of adoption for future regulatory changes.
  
• Higher compliance attestation rates.
  

Questions

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