Detailed Risk Scenarios
We develop in-depth risk scenarios to identify potential vulnerabilities and areas for improvement – ensuring no weaknesses go unnoticed.
We provide complete support for you and your SIRA with:
- Expert Coaching: Our experienced consultants have a proven track record in guiding financial institutions navigate SIRA processes.
- Data-Driven Strategy: We leverage data analysis to understand your unique risk profile, ensuring a tailored and effective SIRA.
- Streamlined Playbook: Our standardised approach with customisable templates saves time and ensures thorough coverage of all critical areas. This becomes your go-to playbook for years to come.
- Knowledge transfer: We equip your team with the skills needed to independently conduct future SIRAs, empowering you and your organisation for lasting success.
A holistic perspective:
Our services are your competitive advantage:
- SIRA Methodology Review & Recalibration: We assess your current approach and provide tailored recommendations to enhance efficiency and effectiveness, ensuring your SIRA is optimised for success.
- SIRA Training: Our training programs are designed to equip your staff with the knowledge and confidence needed to execute SIRAs independently, building your team’s internal expertise in SIRA processes.
- SIRA Facilitation: Our consultants will guide you through the entire SIRA process, meticulously addressing all elements with precision and efficiency.
- SIRA Report Preparation: We create high-quality, regulation-compliant SIRA reports that clearly articulate your organisation’s risk position. These reports demonstrate your commitment to a robust compliance policy.
Compliance Champs will guide you through a comprehensive SIRA process, resulting in a solid integrity framework and a stronger compliance program
Case: Systematic Integrity Risk Analysis (SIRA)
A leading Dutch retail bank faced issues with their SIRA process following the departure of a key employee. Without a robust procedure in place, the internal team struggled to complete the SIRA efficiently and on schedule. The process was not only time-consuming, but also failed to meet regulatory requirements and market standards. Discover how we helped overcome these challenges.
Don’t let SIRA slow you down! Contact Compliance Champs today.
