Risk & Regulatory
We harness expertise in risk and regulatory domains, partnering with industry leaders to deliver efficient and cost-effective compliance solutions.
Within a constantly evolving risk and regulatory environment, financial institutions face constant pressures from all stakeholders to balance best in class risk management practices while remaining competitive in an increasingly resource constrained environment. At WSN we help clients navigate these challenges.
At WSN our Risk & Regulatory Consulting Services team can assist with both the assessment, as well as the implementation of risks frameworks across all risk categories in either a change-the-bank or run-the-bank context with a focus on efficiency and delivering effective governance and sound execution of risk principles.
Our consultants are seasoned industry practitioners who provide clients with their deep SME knowledge of industry practices as well as regulatory imperatives. Working with our Technology Data and Digital practise areas, WSN are also able to advise and assist with implementation and solutions delivery.
Risk Governance and Risk Appetite
Key to the integrity of any Risk function, we focus on evaluating and implementing governance frameworks across all risk categories and Lines of Defence that ensure alignment, with the organization's risk culture and strategic objectives. Our consultants help define clear roles and responsibilities across the Three Lines of Defence (3LOD and design and implement processes and controls that enable the systematic reporting and effective management of enterprise-wide risks at all levels of the organization and to key external stakeholders.
We assist clients in establishing a clear linkage between risk appetite and risk capacity, ensuring that risk limits are directly tied to the organization's capital allocation budgets and financial resources. Overall, we seek to strengthen risk management capabilities, enhance decision-making processes, and controls as well as visibility with the goal of providing effective and sustainable risk governance.
Working with specialist risk solutions partners we deliver scalable risk solutions, leveraging industry and academic intelligence, technology accelerators, and managed services. We apply quantitative techniques to help institutions develop and validate risk measurement and valuation methodologies. We offer flexible custom solutions, multiple delivery models to support each client’s specific requirements.
Data Governance
Robust Data is fundamental to effective Enterprise-wide Risk Management and having a strong Data governance framework and processes is critical to achieving and maintaining that goal. Data is what we all manage to and WSN and its bench of Risk and IT professionals can provide advisory on optimal Risk Data governance, Infrastructure and Architecture, Data Aggregation, Reporting and Controls, Sustainability, Data Security and Data Quality Management.
We can provide SMEs as well as program managers with deep experience and expertise in providing solutions and implementing them.
Model Risk Management
Our SMEs can assist in Model Management across all three lines of Defense and across all Risk stripes. across model development and validation as well as ongoing monitoring to ensure robust model performance.
Operational Risk
At WSN, partners closely with Operation Risk teams to develop a robust Operational Risk management process that informs business strategies and helps an institution drive improvement in business practices and helps drive a culture of control. In a financial marketplace whose complexity continues to increase with Technology, firms need to ensure that Operational Risk teams continue to have the right tools to remain effective in supporting a firm’s resilience in the execution of its business strategy.
Sustainability & Climate
Sustainability & Climate Risk is becoming increasingly important in today’s business landscape, Our Risk Advisory professionals assist clients understand the implications of environmental, social, and governance (ESG) criteria on their operations. We guide organizations in identifying and analysing trade-offs, addressing issues pertinent to their business and stakeholders, and integrating sustainability and climate considerations into their strategies.
One critical aspect of our service is Sustainability & Climate Data management. We assist clients in establishing a single source of truth for their sustainability performance data, enabling clear visibility into their commitments and performance. Centralizing and connecting data allow organizations to comply with regulations, report transparently to stakeholders, make data-led decisions about capital allocation and investments, and identify opportunities for differentiation based on green credentials and energy efficiency. By collaborating with industry experts with deep domain knowledge, we ensure tailored approaches that align with organizational objectives and industry best practices.