Key facets of the Risk and Regulation Consulting by ICAG Partners

  1. Risk Function Strategy: Design and delivery of multi-year Risk function strategy deployment.
  2. Risk Operating Model: Including design and implementation of the three lines of defence (3LoDs) risk operating model. Appropriate governance, risk and compliance arrngements.
  3. Risk and Regulatory Technology (RegTech): A full suite of Risk and RegTech offerings including design and implementation of technology solutions to address a variety of risks including, operational risks, cybersecurity, data privacy, financial crime and AML risk management, audit and policy management.
  4. Reg2Controls automation: System design and implementation of Reg2Controls automated solution to create and deliver an Integrated Risk and Controls Management (IRCM) system.
  5. Regulatory audits and representations: Hands-on experience and expertise on performing regulatory audits including s166 reviews by the UK’s Financial Conduct Authority (FCA).

RISK FUNCTION STRATEGY

We see most of the financial institutions and the Risk Leadership dealing with new uncertainties and risks daily. Our Risk Function Strategy helps them to set Risk mandate on a right course with a multi-year transformation roadmap. Here’s the key rationale on why a new Risk function strategy is key.

  1. New uncertainties and risks less familiar to the traditional risk management techniques requiring new ways of managing and reporting.
  2. Increasing regulatory complexity giving rise to newer risks domains.
  3. Businesses are increasingly customer focused leading to business oriented risk function.
  4. Use of Generative AI techniques leading to new risks and concentration bubbles.
  5. Faster digitisation often crates new risks.
  6. Focus on operational resilience is key going forward.

REGTECH CONSULTING

ICAG is the globally recognized expert for RegTech consulting. This includes:

  1. Working with and advising top and mid-tier Private Equity and Investment Management firms on transactions including Commercial Due Diligence (CDD) reviews of a number of RegTech providers.
  2. Assisting and advising banks, FSIs and other buy-side firms on their best practice usecases for RegTech firms.
  3. Working closely with several top-tier RegTech firms on formulating their growth and technology / AI strategy for accelerated growth and customer wins.