Review And Control

In supporting compliance departments (2LoD) with detailed reviews of procedures and controls or Internal Audit (IA – 3LoD) with an AGILE audit, our subject matter experts (SMEs) have the knowledge and detailed market understanding to ensure maximum efficiency is achieved and the firms’ valuable resources are prioritised in the areas of increased risk.

Skadi provides Subject Matter Experts to Compliance departments and Internal Audit. Our dedicated team are senior Front Office professionals with experience of a broad range of complex financial products.

COMPLIANCE / INTERNAL AUDIT WORKFLOWS

Skadi experts work with Financial Institutions (FIs) 3 Lines of Defence (3LoD) to improve their overall efficiency, providing independent advice, guidance and product training. With our experts as part of the team, internal auditors and compliance officers will spend less time and resources in understanding the products or business strategy under review. Our front office professionals fit seamlessly into the firm and are experienced in the latest techniques and methodology such as AGILE.

We undertake detailed conduct reviews for audit and compliance functions, identify key risks, plan and direct interviews and initiate investigations of front to back processes, procedures and personnel. Having our senior market experts within control function teams mean the difficult questions will always get asked, exactly when they need to be asked. Complex products and issues are our speciality and are generally the highest risk areas for potential misconduct. Skadi professionals can provide detailed reporting to institutions’ supervisory boards and also financial regulators.

POLICY, PROCEDURE AND CONTROL REVIEW

Skadi employees have decades of experience in financial markets and are experts in conducting independent reviews of internal processes and controls. As part of any review our experts will apply their deep understanding of current market practices to thoroughly test the robustness and compliance of a firms’ controls and procedures. Internal auditors and compliance officers receive an independent report, together with recommendations to mitigate areas of identified increased risk.

Financial regulators are increasingly instructing firms to consider obtaining independent expert reviews as policies, procedures and controls that may on paper appear to be watertight, are often circumvented by employees with detailed market knowledge.

AUDIT AND COMPLIANCE PROJECTS

Skadi is committed to business integrity and will undertake project work with FIs to improve their overall efficiency. Where weakness has been identified or a firm has received a regulatory censure or fine, our independent experts will conduct an in-depth review. Reviews can be performed either globally or be region specific, with our specialist teams able to cover all tradable asset classes.

Our professionals look at all business areas and available mitigation options within the firm and also at external vendors to address issues identified. Areas included in this type of project review are typically; data analytics, systems, integrated surveillance, risk management policies, controls and procedures. A detailed project report compiled by our experts will be delivered to the firms’ management team on completion.