In a constantly evolving environment, BDO can assist you to capture new upcoming challenges.
Our dedicated risk management advisory services team helps you detect, monitor and strengthen the risk management framework components of your entity, whilst developing tools to be fully compliant with regulations. We can assist on all aspects of Risk Management (RM), review your processes & regulatory reporting, as well as advise you on P&L optimisation within a risk budget.
Our clients are:
Management Companies
Regulated and Authorised AIFMs and Super-ManCos
Investment Firms
PSFs
Banks
We help them meet stakeholder expectations, be it investors, regulators and clients with respect to their risk management.
Risk Management as a service
Risk Expertise
The BDO risk team assists in implementing the risk framework effectively and supports executive management in managing risks, obligations, and controls.
BDO helps with risk and compliance reporting, ensuring clear communication with the Board and relevant committees.
Adaptive Approach
Managed risk services offer a flexible, scalable, and customizable solution that provides value without requiring long-term commitments.
Various delivery models are available to ensure the most effective approach for each client.
Global Insight
BDO continually invests in hiring and training its staff to stay up to date with the latest developments, thought leadership, and regulatory requirements
This expertise is continuously shared with clients as part of BDO’s ongoing risk management services.
Helping Management Companies and AIFMs to be in line with the regulation
Our areas of competence
1. Operational & On-site support
On-site assistance (operational support, topics to be discussed and defined with the client)
Implementation of Key Controls for a Management Company
Complete health check of your risk management framework
Identify all potential risks that may affect the client's business operations.
Includes analysing the select business processes, systems, and procedures to identify potential risks. This would also include the annual Principal Risk identification process.
Assessment
Identify top risks, prioritise them, highlight appropriate responses and develop tailor-made risk-based monitoring process.
Graphical representation of the outcome of the risk assessment and continuous follow-up and update
For the fund industry, determination of the risk profile(s) of the funds / the company.
Monitoring
Frequently monitor risks and develop sound Key Risk Indicators as well as a risk taxonomy.
Further optional risk mitigating actions on risk appetite.
Reporting
Report risk assessment, highlight the key risks and issue recommendations to mitigate them.
Increase risk awareness and ownership amongst key stakeholders within the company.
Training
Provide periodic or scheduled training to business employees, management and executive on risk management methods and best practices.
Includes educating employees on how to identify potential risks and how to respond. Also include training on specific risk areas (e.g. privacy, cyber, AI etc.).
Compliance
Work with the business to ensure that risk management policy, relevant laws and other key requirements are in place and adhered to by the business.
Includes monitoring changes in risk regulations and making updates to the risk management policies as necessary.
Maintenance
Support services to ensure that the risk function operating manual, documented processes, policies, and governance terms of reference are maintained and updated.
Involves enhancements to existing documentation to meet management requirements.
Risk Updating
Update risk management documents to ensure compliance with regulatory developments and internal adjustments. This process may include periodic updates to the governance framework, risk management policies, and operational processes to ensure they remain relevant and aligned with management and regulatory expectations.
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