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Policy framework for a Tier 2 Investment House
An external BDO audit identified significant weaknesses in the banks existing conduct and risk assurance framework. Aurora strengthened cross-functional guidelines and procedures, embedded in a reworked policy hierarchy. The purpose of these changes was to address audit points, establish a rigorous control framework and bring the banks documented FO policy in line with industry best practice.
Key Facts
5%
Under budget
22
Risk activities revised
0
Audit deficiencies
The Approach
Aurora reviewed the existing Global Markets policy framework, creating an action plan to address audit points and other identified weaknesses with minimal disruption to BAU activity. In an iterative process, we coordinated key senior bank stakeholders to document existing process, using our SME knowledge to enhance where appropriate.
The Service
People, Policy & Process Design
Drive the shape of your future state organisation, from people strategy and location to product process enhancements and team training.
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