RETURN ON INVESTMENT

BUSINESS LINE MANAGEMENT

1st LINE DEFENCE

  • Minimal overhead in capturing/ evidencing of control status.

  • Workflow to track actions when controls fail. 

  • Ease of producing real-time reports. 

 

QUANTITIVE

  • Typically, reduce headcount depending on size and maturity of business line

 

BENEFITS OF RISK REDUCTION

  • Less risk of costly control remediation programmes

  • Fewer audit points

  • Information easy to access and in one place.

  • Allows proper oversight & assessment of control effectiveness. 

 

QUANTITIVE

  • Typically, reduce headcount depending on size and maturity of 2nd line oversight function

BENEFITS OF RISK REDUCTION

  • Reduction in operational losses

  • Simplifies audit process as single source of information. 

  • View the risk / control status with associated evidence and actions. 

 

QUANTITIVE

  • Unlikely to result in a FTE saving but quality of audits will be better  

BENEFITS OF RISK REDUCTION

  • Reduced fines

  • Reduced regulatory scrutiny

  • Reduced capital requirement

2nd LINE DEFENCE

3rd LINE DEFENCE

RISK MANAGEMENT

INTERNAL/EXTERNAL AUDIT

Supporting our Clients

Our clients span the globe including the U.K., Europe, Asia, Africa and North America.

We provide support during business hours and offer out of hours support where required.

© 2016 by ControlNet Limited

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