When all is said and done a thorough overview of your compliance and risk management controls is at least an annual requirement but more likely an ongoing commitment. Whether it’s keeping ahead of new regulation, making sure you comply with the financial promotions rules, have effective complaints handling and training and competence plans or records and files that contain everything they should, all these things can be a constant battle to the busy professional.

A few days to make sure all your procedures are in place, a sample of files are compliant and quick identification of any flaws to your systems can save considerable time in completing costly reviews or dealing with complaints that are sitting in your filing cabinet waiting to reveal themselves a few years down the line.

Of course a review of systems and controls in compliance is not just about file checking or training and competence. Data protection, financial crime and AML are a hot topic as is treating customers fairly (TCF). Culture and strategy, senior management responsibility and apportionment, reporting and financial controls are all equally important. Make sure you have all the Handbook requirements covered.

As well as providing expert compliance consultants we also work with a management consultant and accountant who can give detailed business advice and ensure your accounting records and business plans are up to scratch.

For a comprehensive review contact AJS Consultancy Services please contact us via our Contact Page.