Operational Risk & Internal Control
Sophisticated operational risk and internal control systems were the prerogative of large financial institutions. They are now becoming available AND required for small- and medium-sized investment firms.
Together with our partner firm RMF Dr. Imfeld, Clarke Quay offers complete operational risk management and internal control systems solutions for small- and medium sized investment management firms:
Objectives:
- Mitigate operational risks and enhance operational security with an Internal Control System (ICS)
- Respond to regulatory requirements
- Cost savings through streamlined, single-entry process
- Improve process quality by identifying and understanding potential failure points
- Involve various actors (operations, audit, risk, compliance) around a common platform
- Reduce compliance risks
Key Features:
- Process-driven approach to operational risk
- Hands-on, easy to use, short implementation time (few weeks)
- Web-based application – no need for infrastructure investments
- Fully integrated multi-user, multi-company / fund system with sophisticated access control and audit trail
- Modular approach, entirely scalable and expandable in terms of capacity and functionality
Services:
- Definition of the operational risk framework
- Support of the risk assessment
- Project management / systems configuration
- Migration from existing solutions (e.g. Excel)
- Training