Process & Controls Environment Assessment

Our consultancy offers financial services institutions operational process and internal control environment assessments.  This involves a comprehensive review of operational processes and the internal control environment of any desired area of the business to identify any weaknesses or inefficiencies that may be hindering the business performance or exposing it to risks. This may also include the technology landscape environment, business resiliency, business continuity and disaster recovery plans.

The assessment is conducted by our team of experienced professionals who have a deep understanding of best practices in operational and risk management. The team will work closely with your business's management to gather information about its operations, including its systems, processes, and controls, as well as its risk appetite and tolerance.

The assessment typically includes a review of the business's policies and procedures, its internal controls and reporting mechanisms, and its compliance with regulatory requirements. The team will also analyse your business's risk management practices, including its risk identification and mitigation strategies, and its ability to respond to and recover from crises including natural disasters, cyber-attacks, or other disruptions to  operations. The team will review plans for business continuity and disaster recovery and provide recommendations for improvement. The team will also assess the technology landscape environment, including IT systems, networks, and applications identifying any weaknesses or inefficiencies in the technology environment that may be impacting the businesses's operations or exposing it to risks.

Based on the findings of the assessment, the team will provide a management report outlining the business's strengths and weaknesses in each of these areas, along with recommendations for improvement. These recommendations may include changes to policies and procedures, enhancements to internal controls and reporting mechanisms,  improvements to risk management practices, technology upgrades or replacements, and changes to business continuity and disaster recovery plans.

The goal of this assessment is to help your business improve its operational efficiency, reduce its exposure to risks, enhance its ability to achieve its strategic objectives, and ensure its resiliency and ability to recover from disruptions. By conducting a thorough  assessment of operational processes, internal control environment, technology landscape environment, business resiliency, and business continuity and disaster recovery planning,  your business can identify areas for improvement and implement changes that will lead to greater efficiency, effectiveness, and success in the long run.