Consultant Gig #993-SYDNEY-Banking and Investments Compliance
Client<\/span><\/span><\/span><\/span><\/span><\/span> A new client for ICG has asked for assistance to<\/span> <\/span><\/span><\/span>proactively upgrade their compliance capabilities<\/span> <\/span><\/span><\/b>over the next few months.<\/span><\/span> Scope of Review<\/span><\/b><\/span><\/span><\/span> 1.<\/span> <\/span><\/span>Regulatory Framework Assessment<\/span><\/i><\/b><\/span><\/span> Evaluate current external Acts, Regulations and other compliance obligations applicable as a listed lender and a registered managed investment provider. Highlight any missing areas and areas for improvement.<\/span><\/span><\/span> Review our internal compliance policies and identify any missing policy areas and areas for improvement.<\/span><\/span><\/span> <\/span><\/span><\/span> 2. <\/span> <\/span><\/span>Compliance Program Evaluation<\/span><\/i><\/b><\/span><\/span> Review and evaluate the current compliance program and operations (including the structure and resources of the compliance team).<\/span><\/span><\/span> Identify any missing or risk areas, and\/or areas for improvement.<\/span><\/span><\/span> <\/span><\/span><\/span> 3. <\/span> <\/span><\/span>Risk Assessment<\/span><\/i><\/b><\/span><\/span> Identify and evaluate potential compliance risks and gaps across business operations.<\/span><\/span><\/span> Identify regulations with the most material financial or reputational penalty for non\-compliance or breach for prioritisation.<\/span><\/span><\/span> <\/span><\/span><\/span> 4. <\/span> <\/span><\/span>Monitoring and Reporting Mechanisms<\/span><\/i><\/b><\/span><\/span> Examine current company\-wide monitoring practices for compliance adherence.<\/span><\/span><\/span> Evaluate reporting channels for compliance incidents and breaches.<\/span><\/span><\/span> <\/span><\/span><\/span> 5. <\/span> <\/span><\/span>Stakeholder Engagement<\/span><\/i><\/b><\/span><\/span> Gather feedback from stakeholders, including employees, management, and external partners, on the effectiveness of the compliance function.<\/span><\/span><\/span> <\/span><\/span>Assess the relationships and communication between the compliance function and other departments<\/span><\/span><\/span><\/span> Key Deliverables<\/span><\/b><\/span><\/span><\/span><\/span> Expected Outcomes<\/span><\/b><\/span><\/span> 1. <\/span> <\/span><\/span>Gap Identification<\/span><\/i><\/b><\/span><\/span> List of compliance gaps, including regulatory non\-compliance, insufficient training, and ineffective monitoring mechanisms.<\/span><\/span><\/span> <\/span><\/span><\/span> 2. <\/span> <\/span><\/span>Recommendations<\/span><\/i><\/b><\/span><\/span> Develop actionable recommendations to address identified gaps and improvements.<\/span><\/span><\/span>
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