Services

Compliance

The role of the compliance function is to support the business in managing risks arising from new and often complex regulations, and where possible, help identify and predict new compliance risks in good time. Transcendent Group’s consultants have extensive experience in working with regulatory matters.

Background
Over the past ten years the regulatory landscape has undergone significant change and has grown in complexity. This has created significant compliance challenges for both private and public sector organizations, in terms of achieving compliance with external and internal requirements without compromising agility and effectiveness. A strong compliance management is therefore essential for companies to increase their business efficiency while complying with requirements.

How we can help
Transcendent group has acquired significant compliance experience from many engagements, including a wide range of compliance solutions and implementations. This has given us a clear picture of compliance best practice and we are able to bring this to bear in new compliance projects with our clients. We have a strong focus on knowledge sharing and the provision of value adding advice to our customers in as an efficient way as possible. We focus on promoting conscious compliance models and data-driven solutions for our clients’ organizations, and we strive for the sound balance between control and risk.

Services provided
TG’s definition of compliance includes the risk of regulatory sanctions, financial or reputational loss arising from non-compliance with laws & regulations, internal and external requirements ethical standards and market expectations. Our compliance services include the following:

  • Development and performance of risk analysis
  • Design and implementation of compliance monitoring and activity plans
  • Compliance audits
  • Outsourcing of the compliance function
  • Interim solutions and secondments
  • Training of management and employees
  • Permit applications
  • Design and implementation of internal policies
  • Ongoing compliance support

 

Track record
Chief Compliance Officer
Client needed to fill an interim role as CCO. We supported the client with their need and filled the role. We reported to the Group CEO and the Board of Directors and took the responsibility for the whole second line work. We coordinated the different compliance activities (risk assessment, controls, monitoring, regulatory watch, training, etc.), established the annual plan and trained the team.

Compliance Gap Analysis
The client needed a gap analysis between various regulations (MiFID II, IDD, MAR and AML mostly) and their own policies and processes. The challenge was to be able to consider several different regulations. We performed the gap analysis and trained the teams on the regulatory issues.

Compliance Monitoring
The client needed a compliance expert in monitoring activities. We supported them with their monitoring activities, by taking the lead in all the activities in the Compliance Plan, and by training the other Compliance Officers in the methodology, so they will gain the necessary skills to perform controls themselves.

Global and local contact

Do you want to know more? Get in contact with the global contact person, or reach out to your local contact.

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