Risk Assessments Managed Service Offering

The primary objective of ML/TF/PF Risk Assessment digitisation projects is to assess your current state risk assessment methodology, risk, and control models, including any calibration settings and to make recommendations to improve and enhance the current risk assessment and ultimately to digitise this into Arctic Intelligence’s multi-award-winning financial crime Risk Assessment Platform.

During this process, our teams will work with you to support the “deconstruction” of the existing approach (often excel) and to “reconstruct” the methodology, risk, and control model content aligned to your business – essentially digitising your approach.

Our focus for this engagement will be on digitising the process and supporting your team to conduct inherent risk assessments appropriate to your business.

Our teams will organise training for your team so that you can conduct the ML/TF/PF risk assessment yourselves in-house and we can be on hand to offer any additional support as required.

The primary objective of this engagement type is to build on the work described in the ‘Digitise and DIY” engagement, but we will essentially conduct the risk assessment with you, including configuring the platform and risk and control modules to suit your business, conducting an assessment of inherent risks, as well as a selected controls assessment on priority controls.

Our focus for this engagement will be on digitising the process. Conducting the inherent risk assessment and conducting control design and operational effectiveness on selected controls and making recommendations for improvements.

Our teams will organise training for your team so that following the initial engagement, you can conduct the ML/TF/PF risk and controls assessment yourselves in-house and we can be on hand to offer any additional support as required.

The primary objective of this engagement type is to build on the work described in the previously described engagements, but we will expand the risk assessment to fully test the design and operational effectiveness of your control framework make recommendations for improvements.

Our teams will organise training for your team so that following the initial engagement, you can conduct the ML/TF/PF risk and controls assessment yourselves in-house and we can be on hand to offer any additional support as required.