GRC Solutions & Services
Governance Framework
The governance framework focuses on reassessing the organization’s core values, vision, and mission to ensure alignment with long-term goals, while simultaneously reviewing and strengthening the existing organizational structure. It includes redesigning charters, policies, and procedures to improve clarity, accountability, and compliance.
As part of culture consulting, targeted training sessions are conducted on governance, organizational culture, core values, and ethics, along with specialized training for operations staff to ensure effective understanding and implementation of policies and procedures across the organization.
Risk Management
Risk Management Framework
Identify key organizational risks, develop risk frameworks like RCSA and ORSA, enhance controls, and drive a strong risk-aware culture through targeted training.
Risk Assurance Service
Deliver assurance on operational, cyber, fraud, and quality risks, including SOX compliance, to strengthen governance and controls.
Risk Management Outsourcing
Manage operational risk through outsourcing, implement frameworks and tools, and strengthen resilience via BCP and stress testing, ICAAP, and ILAAP..
Compliance: Regulatory Risk Management
Regulatory risk management involves the preparation and implementation of robust compliance and AML policies and procedures, supported by appropriate software solutions for compliance, AML, and sanctions monitoring. It also includes ensuring adherence to data privacy laws such as GDPR and PDPL, along with regular compliance and AML training for relevant stakeholders.
The framework further supports the implementation of new and evolving regulations and ensures timely, accurate regulatory compliance reporting to maintain transparency and regulatory alignment.
Compliance: Regulatory Risk Assurance
Regulatory risk assurance provides independent and structured assurance over the effectiveness of regulatory compliance across the organization, including AML, KYC, and sanctions risk management practices. It also covers data privacy and vendor risk assurance to ensure third-party and information protection risks are adequately managed.
In addition, the framework supports external assessments of the Operational Risk Management (ORM) framework and Liquidity Risk Management (LRM) framework, as required by the Central Bank of Bahrain (CBB), to ensure continued regulatory compliance and best-practice alignment.
IT & IS Solutions
Information Technology Solutions
Offer integrated GRC, ORM, IFRS 9, regulatory risk and AML, and accounting software solutions to enhance governance, compliance, and financial management.
Information Security Solutions
Deliver information security solutions covering risk and cyber assessments, policies, outsourcing, vulnerability checks, and software advisory.
