A complex regulatory environment and the need for advanced risk management capabilities to meet the digitization needs are driving global risk management spends. On one side, while poor risk data quality has a direct impact on the bottom line of a firm, the need for better integration of risk with the core business processes of a firm is driving adoption of enterprise risk management systems.
BCT offers a comprehensive range of risk and compliance management services which help firms’ gain maximum Return on Investments (RoI) from their current and planned spends in risk and compliance management.
We leverage domain and technology expertise to manage Risk in a dynamic environment by responding to emerging risks and ensuring compliance to regulations cost effectively through a Global delivery model.
BCT Risk & Compliance Offerings
Strengthen the overall risk management capabilities of an organization through senior management support and increased in the risk awareness within the firm. We work closely to develop a strong governance framework and support the design and implementation of enterprise level processes and systems.
Our Enterprise risk management offering aims to partner our customers for the following:
We identify improvement areas and help in the optimization of the processes and technology systems for individual risks taking into account the industry trends (e.g. digitization, big data, and analytics) as well as the latest regulatory standards which will impact these risks. The key risks we address in the areas such as Credit, Operational, Market, Liquidity, and Technology and Vendor risks. For the specific risks we offer custom services including the following:
With the world transitioning into the digital era the firms have to continually cope with new risks. BCT works closely with our customers to address these emerging risks in a pro-active manner. We address key emerging risks like Reputation risk, conduct risk and vendor risk.
Nothing is more valuable than information in this information age. Be it critical information of their business or confidential information of their customers, it is prerequisite for the companies to protect those information from theft and unauthorized access. BCT support our customer in effectively dealing with information security risks through assessment programs which span a discovery phase (understanding of the landscape, current controls), risk identification, vulnerability assessments and risk analysis.
The last decade has seen an explosion of data both from a volume and complexity viewpoint. We partner firms in tackling fraud by offering the following services:
The volume, velocity and complexity of regulations have increased tremendously. We identify optimization areas within the compliance function and work closely to manage multiple regulatory initiatives in an integrated manner.
Globally banks are undergoing multiple tests to evaluate their financial soundness in various scenarios including the Federal stress tests in USA as well as the Asset Quality Reviews (AQR) in Europe. While the level and depth of these tests vary by geography we partner banks in
Global Expertise - Our Risk and Compliance team takes a Global Approach where we combine the expertise from global experts in risk management together with the local geography insights based on years of client relationships in order to deliver customized solutions which add maximum value.
Differentiated Value Adding Assets - BCT has a strong suite of differentiated assets ranging from Risk listeners, Maturity evaluation toolkits, Compliance delivery model, Functional testing frameworks which collectively bring in leading practices and also accelerate the assessment and Implementation time.
Strong Alliances - BCT works in partnership with the world’s leaders in Risk Management Solutions, Wolters Kluwer Financial Services (WKFS). The solutions assess the level of threat for the Bank in relation to customer impact and also monitor various types of transactions (ATM, Remote Banking, Wire/ACH Transfers, Deposits) conducted by internal and external resources across multiple channels. BCT has also partnered with Prospero FDS to help banks address fraud threats including credit card, debit card check and money-laundering fraud.
Flexible Delivery Models - BCT has experts with insights in setting up multiple delivery models to manage compliance including onsite/offshore models as well as complete compliance shared service models.