Our Services
In this complex world of financial services, third party consulting for effective risk management is critical for sustained success and regulatory compliance. At Thinkbox, we strive to bring unparalleled expertise in risk management, audits, documentation, mitigation and technology to bring scale and efficiency.
More About Our Advisory Services
– Our Approach
At Thinkbox Consultants, we believe in pro-active risk mitigation and our methodology involves thorough assessments, strategic planning and continuous improvement to safeguard not only your company’s integrity but also profitability. Here is what we provide in terms of our advisory services:
Compliance Enhancement
We guide financial firms in fortifying their compliance processes through comprehensive assessments. Our services will identify gaps and deliver tailored solutions. We emphasize the importance of addressing significant breaches promptly, ensuring timely reporting and resolution. Proactive risk management is key to maintaining the trust, integrity and profitability of your firm.
Policy Relevance and Design
Well laid out policies guide the procedures and processes of the company, and they are essential to minimise operational errors in the realm of risk management. We evaluate the relevance of your existing policies and recommend strategic enhancements. Our experts are adept at designing AML manuals and risk rating frameworks to help your organization navigate complex regulatory landscapes with precision.
AML Documentation and Reviews
Our team is trained in documenting transaction reports of large volume of transactions and review critical components of Anti-Money Laundering (AML) compliance. Conducting thorough AML-related reviews is our expertise. We provide best practices guidance and meticulous support to help your firm adhere to stringent AML regulations, thereby mitigating risks effectively.
Fraud Mitigation and Regulatory Investigations
When faced with fraud allegations or regulatory scrutiny, our experienced consultants offer expert assistance throughout the process. From investigations and enforcement actions to remediation efforts, we collaborate closely with our clients to ensure thorough and effective resolution. Our expertise in fraud mitigation ensures that your firm remains compliant, protected and cost efficient.
Case Studies
Enhanced Compliance Processes for a Financial Firm
Solution: Our advisory team reviewed the existing compliance processes, started documenting updates to rejig the compliance framework with primary focus on monitoring processes. We then conducted staff training to ensure adherence.
Guided a Major Bank Through an AML Review
Solution: Our advisory team provided expert guidance through the AML review process. We conducted a detailed risk assessment, updated the bank’s AML policies and procedures, and provided training to the AML team to ensure they were well-prepared for the review.
Strengthened Risk Management Framework for an Investment Firm
Challenge: An investment firm faced increasing risks due to volatile market conditions and inadequate risk management practices. They needed to enhance their risk management framework to safeguard their investments and meet regulatory requirements.
Solution: Our advisory team conducted a thorough assessment of the firm’s existing risk management practices. We developed a robust risk management framework tailored to their specific needs, implemented advanced risk assessment tools, and provided comprehensive training for their staff.