Operations Risk 

As the business and regulatory environment continues to evolve, Financial Services Executives continue to receive pressure to achieve profitable growth while incorporating appropriate risk management capabilities within the organization’s business and operations. As a result, many financial institutions (banks, asset managers, broker dealers, insurance companies, etc.) are seeking answers to help them bridge the gaps between transforming their business model, obtaining desired performance, and managing risks.

KPMG’s Operations Risk team brings deep financial services industry knowledge and a breadth of experience to help our clients address this challenge. We work to understand our clients’ most complex problems and provide practical solutions while leveraging leading risk management practices. Examples of our capabilities include:



Operational Risk – This area is among one the greatest our clients face today with many of them continuing to misjudge its significance. All too often, organizations take only a compliance approach that focuses on fraud or high-impact/low-probability exposures, rather than trying to align risk management capabilities with the organization’s business strategy and operations. Our team assists financial institutions in developing integrated approaches to operational risk that provide senior management and the board of directors with a comprehensive picture of, and a framework for, addressing the risks inherent in their business activities.



Capital Management – Capital reform has a dramatic impact on a variety of financial institutions and should be managed as a strategic imperative and not a compliance exercise. The effort typically requires months to conceptualize and years to fully implement, necessitating substantive changes to business models, operations and governance. KPMG offers a full complement of services to meet the broad and complex regulatory capital management needs. We recognize that capital is a powerful measure for a range of stakeholders (management, regulators, investors, etc.) and our capital management solutions are flexible and can accommodate diverse capital objectives and constituencies.



Target Operating Model (Transformation) – As organizations make changes in strategy and transform their business models, new target operating models are required. The most effective models incorporate risk management frameworks to enable more effective decision making and enhanced performance. Our team understands that successfully developing operating models is a balance of aspiration and practicality, requiring a view of the target state as well as the actionable steps to arrive there. Working with experienced teams from a range of disciplines, we help financial institutions build achievable target operating models designed to improve performance while considering and managing risk components. KPMG brings deep content and qualifications across the financial services industry (Capital Markets, Asset Management, etc), while specializing in key lines of businesses (Consumer, Commercial Lending, Wealth Management, etc.)



Business Integration Management – As organizations look to grow through acquisition, the proper integration of people, process and systems is critical to the deal’s success. We have found that establishing a disciplined structure with processes for managing integration is fundamental to achieving the deal’s strategic and financial objectives. Our team leverages a proven approach and suite of services designed to enable our experienced professionals to deliver value across the various phases of the integration lifecycle. Our offerings can be tailored to align to a financial institution’s existing structure, processes and culture.



Enterprise Data Management / Client Onboarding – Evolving regulatory requirements continue to increase the complexity and already substantial cost to support client onboarding. To help financial institutions address this challenge, KPMG can provide a full managed service offering with a focus on automating regulatory and compliance-related data processing. This offering helps maximize operational efficiency and savings while breaking away from the legacy infrastructure.

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Contact

Tim Phelps


Tim Phelps
Principal
Operations Risk
+1 (704) 371-8265
tgphelps@kpmg.com

 

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