Financial and Operational Risk & Control Services

An examination of processing, transactional, and reconciliation procedures to identify whether breakdowns could occur as a result of how those tasks are being performed.
 
The risk assessment looks at the steps involved in carrying out a transactional task, to determine whether the process as performed could be faulty, causing error, monetary loss, or theft.
 
A Risk Assessment Control document is provided, listing all tasks and its corresponding control rating (rating whether control is effective, or weak). The document also outlines the risk in how the task is being carried out and what ramifications could result if there is a breakdown within the steps.
 
Finally, recommendations are provided on how to improve any controls found to be weak thus reducing risk, and decreasing the chance of potential loss.