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As global governance and compliance experts, Lysis Advisory has an extensive track record of helping firms to successfully achieve and maintain regulatory permissions and compliance by focusing on providing consulting services across the governance and compliance landscape with the dual objectives of reducing the short and long-term costs linked to compliance whilst ensuring regulatory requirements are met.
Design and implementation of governance and compliance frameworks, regulatory liaison, Senior Managers and Certification Regime (UK) and related regimes
Supporting firms to acquire their regulatory permissions
Creating and implementing FCC frameworks, risk rating methodologies, policies, procedures and controls
CLM target operating models, systems selection and implementation, data source selection and implementation, CLM process efficiency
Client data integration, single source creation, clean-up of client and related regulatory data
Structuring and execution of change programmes to deliver effective regulatory change management
SERVICE CAPABILITIES
All firms must review their AML and broader FC programmes on a regular basis to ensure that their programme conforms to current regulatory requirements and is fit for purpose. With increasingly sophisticated criminals and ever changing legislation, all firms should be vigilant in identifying and protecting themselves against potential financial crime activities.
clients we have assisted with their Financial Crime Compliance activities
average industry experience per expert
SERVICE CAPABILITIES
Lysis’ CLM consulting services include Target Operating Model (TOM) definition, systems and data source selection and implementation and CLM process efficiency improvements.We also have the necessary skills and experience to assist your firm to compile, review and optimise FC controls across the entire CLM process since we focus on the overall chain of client activities. The objective is to encourage retention, improve customer experiences, and maximise profitability for the firm while remaining fully compliant.
SERVICE CAPABILITies
We assist firms to obtain the required regulatory permissions to conduct regulated activities. We can write or advise on governance and compliance frameworks and documentation and assist firms in implementing them and demonstrating that they are embedded and that controls are working. We can also assist with the structuring and evidencing of effective governance arrangements and support the regulator-liaison journey throughout the process.
LEADING EXPERTISE
We have an extensive track record of helping firms to successfully achieve and maintain FC compliance
A health check refers to a high-level review of the design of a framework and can identify major problem areas which require remediation
A maturity assessment is more advanced and provides a detailed review of a firm’s framework which includes the testing of the effectiveness of the framework itself including the related controls.
When a CLM efficiency model is implemented across all aspects of people, process and technology firms are very likely to achieve a total saving of approximately 55%+ in their third year.
We can assist firms to assess the efficiency of their CLM operating model and processes and embark on a programme of realignment followed by transformation and optimisation. The method focusses on people, process and technology over a 2-3 year timeline. We have seen efficiency gains in excess of 55%.
Lysis has extensive experience of conducting governance reviews and assisting firms to improve the structure and documentation of their governance arrangements. We have also helped multiple firms with the Senior Managers and Certification Regime (SMCR) in the UK and advised on the Senior Executive Accountability Regime (SEAR) in Ireland.
We have the necessary experience to advice firms regarding the design of effective risk rating methodologies, policies and the writing of supporting procedures to ensure compliance and operational efficiency, in line with the strategic business objectives.
We understand the challenges during each step of a Section 166 review in the UK and similar reviews in other jurisdictions. We can support our clients with an experienced team of highly skilled individuals who understand the scope of the review and the reviewer’s and regulator’s expectations. We can support our clients to maximise the effectiveness of their responses to the reviewer. Unfocussed responses often lead to an excessively negative audit report and higher than necessary regulatory sanction. Our expertise also includes thorough preparations for regulatory visits. Finally if a regulatory visit or Section 166 review leads to a significant remediation programme we have experience of planning and executing remediation programmes across the full governance, risk and compliance arena.
To optimise firms’ FC controls, requires an increase in effectiveness of processes along with a dedicated focus on high efficiency which will facilitate sustainable processes to develop and embed effective FC controls. Lysis has great experience in designing, implementing, testing and proving control frameworks.
We assist firms in selecting the right Regulatory Technology (RegTech) that is aligned with their bespoke operational requirements because we know first-hand that, over time, firms develop both generic and unique operating characteristics.
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