Compliance Support Service
Being your long-term compliance support partners.
SERVICESService Overview
- What is the
client issue? -
Firms in the global regulated financial sector are facing ever-changing regulatory requirements and expectations against a backdrop of business changes and expansion. It is therefore challenging to find the right balance between building a compliance framework which both protects but also enables the business commercially.
Compliance departments face the challenge of designing and implementing compliance policies, procedures, systems and controls which are right for their business and the specific risks faced by the business. On the resourcing side, for some firms the size and complexity of the business present specific challenges in balancing the cost benefit of full-time compliance resources.
- How does
Optima help? -
As a niche consulting firm which is dedicated to the asset management sector, Optima has in depth knowledge and experience of regulatory expectations and asset management business models to truly understand and recommend the right fit compliance framework and resourcing model for its clients.
Optima therefore builds long-term compliance support partnerships with its clients which includes a wide range of services, including but not limited to:
- Designing and implementing risk-based compliance frameworks on a global scale, which are tailored to the nature, size and complexity of the specific business model and risks faced by the business
- Providing compliance support through delivering periodic risk-bases compliance monitoring
- Providing dedicated resources through secondment models, as and when required
- Acting as an extension of your in-house compliance team by providing you with dedicated relationship managers who are always on hand to assist with ad hoc queries
Optima focuses on what matters to you and what you value, not on ticking boxes.
Long-term compliance partner
An established hedge fund approached Optima through a recommendation from another client. This prospective client required a review of their compliance policies and, as well as guidance on the regulatory impacts of Covid-19 and Brexit on business change.
The client’s end goal was to undertake a comprehensive analysis and update of their compliance infrastructure, and to ensure the policies were deployed correctly.
The client was unable to dedicate sufficient resources to this process internally, due to the breadth of change and prospective impacts to the firm, as well as to lack of internal capacity to undertake the process within the required timescale of one month for initial implementation. Business development and expansion, as well as the changing regulatory environment, had left the compliance officer requiring support in making the regulatory updates.
With the help of Optima, the client undertook a comprehensive infrastructure review and update of processes, in line with global changes. Optima provided the client with up-to-date policies that met the current regulatory obligations and supported the client through the regulatory changes that impacted the firm moving forward. The process identified and rectified further regulatory issues, and the firm was supported through the various compliance notifications and submissions required.
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