Risk and Compliance

Business, risk, and compliance leaders face constant pressure – new regulations, increasing enforcement actions, rapidly evolving operating environment, emerging technologies and strategic change. We help our clients by building and executing risk and compliance programs that address specific issues, fit within functional requirements, and are sustainable over time.  We focus on customer facing business areas in the financial services industry, including banking, payment, broker-dealer, wealth management, and fintech enterprises.

Mitigate Risk and Quickly Respond to Change

Eliassen Group can help your business understand regulatory requirements and emerging risks in specific industry and functional contexts. Our team can review document policies and standards; design, test, and execute controls; perform investigations, clear sanctions, adjudicate AML alerts, and conduct customer due diligence. Additionally, we can deploy supporting teams and technology; enhance data quality; provide governance and quality assurance; and optimize risk and compliance processes.

We maximize value and make sustainable improvements

Using a flexible, risk-based approach, we quickly organize and lead initiatives that focus on high leverage improvements that drive towards key functional and compliance outcomes.  Our experienced teams provide practical, “real-world” solutions that meet both regulator and business expectations. We work alongside our clients to customize our efforts to their specific objectives and build sustainable solutions.

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Extensive Risk and Compliance Advisory Expertise

Eliassen Group has a track record of focused, pragmatic execution of risk, regulatory compliance, and financial crimes initiatives across business, risk, and compliance functions. Areas in which we excel include the following: 

Regulatory Change Implementation
Financial Crimes & Anti-Money Laundering
Issue Management & Remediation
Risk and Compliance Operational Execution
Regulatory Remediation/Corrective Action

Our Risk Management and Compliance Services

We offer risk management and regulatory compliance consulting that leverages our direct, hands-on experience building industry leading programs. We address regulatory concerns to strengthen your risk and compliance programs while driving business value and maximizing growth. 

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Governance and Policy Implementation

We document and enhance policies, standards, frameworks, and procedures that address regulatory and operational changes and specific risk themes. We design target operating models and define specific roles and responsibilities to implement these enhancements.
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Regulatory Change Implementation

New regulations, increased regulatory expectations, acquisitions, divestitures, and new business initiatives all require updates to policies, procedures, standards, data, technology, risk assessments, and controls. We understand key impacts, lead programs to implement required changes, and support execution throughout the transition. We cover key consumer, banking and financial crimes regulations including OCC, Federal Reserve Board, CFPB, FDIC, FDIC Part 370, FINCEN, FATF, FFIEC, SEC, FINRA, State Regulators (NYDFS), COSO, ITIL, CoBIT, and TPRM.
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Issue Management and Remediation

Self-identified issues or areas of improvement found during a regulatory review can trigger costly actions and long-term reputational damage. Our practice helps streamline issue management identification, tracking, and reporting; implement resolution; and validate closure of action plans.
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Risk and Compliance Operational Execution

Executing targeted processes in a resource-constrained, constantly evolving regulatory environment can be challenging. We build and manage experienced teams that complete alert clearing, control execution, control design and testing, risk assessment, and other critical actions. We develop teams to address one-time issues, longer-term team development needs, and peak shortages. In addition, we often strengthen operating processes along the way.
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Risk and Compliance Technology Implementation

We help our clients stand up and better leverage financial crimes, testing, and GRC toolsets such as Archer, ServiceNow..  This includes data quality management to support both these tools and related regulatory reporting.
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Regulatory Remediation/Corrective Action

We have partnered with several large financial institutions to address MRAs, Consent Orders, and other supervisory actions.  We work with the business to identify gaps, address specific process, technology, data, and resource requirements, collect supporting documentation, and prepare for client presentations to regulators.  We can help you avoid these issues and build sustainable remediation programs.