Featured - 4 items
In our world today, banks and other financial institutions are facing an ever evolving business challenges whether locally or globally. The intensity of this challenge in today’s business environment in one of the core drivers of economy requires new ways of thinking about risk.
The PwC Risk Assurance - Financial Services helps clients turn risks to advantages through offering global expertise on business risk and control solutions. We focus on the future of financial services, effectively working with clients as they shape their business and execute their strategy.
Key issues
- Economic and Market Conditions
- Digital Disruption
- Organizing Big Data
- Risk Management
- Regulatory Burden
- Increased Competition
Economic and Market Conditions
The financial services industry today is unsteady. Its major assets and activities are facing continued weaknesses due to aging populations, maturing markets and stagnant growth. PwC Risk Assurance - Financial Services helps client to remain competitive in today’s business climate through focusing on the establishment of an optimum resourcing model with access to staff resources that implements a world-class Internal Audit Methodology.
Internal Audit Outsourcing and Co-sourcing
Enhance the performance of your internal audit function and drive value for your business by using tailored audit methodology, data-driven risk identification and virtual service delivery model.
Independent Compliance Testing (ICT), AML/FATCA Compliance Review
Executing compliance audit and gap analysis to find out major gaps in organization, and sharing insight in recommendation for identifies gaps and assisting to re-design and implement policies for key processes.
Business controls advisory
Strengthen your internal controls to deliver operational results through design and review existing standard operating procedures to reflect the current operating environment, benchmark processes and/or systems against leading industry control templates, optimize existing internal controls to address the most critical business risks and develop a risk-based, internal control framework.
Development of manual of operations
Keep your processes documented and updated (i.e. MTPP, Branch Operations, Remittance, IT policies, etc.) to address regulatory requirements.
Internal Audit staff secondments
Build your internal audit competency by having us support you by deploying our people to perform the audit together with your team.Development of manual of operations Keep your processes documented and updated (i.e. MTPP, Branch Operations, Remittance, IT policies, etc.) to address regulatory requirements.
ICAAP independent validation
Providing an assessment on your design and use of Internal Capital Adequacy Assessment Process (ICAAP) to ensure compliance to the minimum regulatory capital requirements.
BSP Circular Compliance Assessment (i.e. 808, 982)
Comply with regulatory matters that have uncovered operational issues in IT and information security. Validate automated controls and processes to meet regulatory as well as statutory compliance requirements.
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