The rise of the compliance discipline is very much linked to a number of worldwide scandals and their broad coverage in global media. This is even more surprising taking into consideration that compliance means nothing else but obeying internal and external rules and laws, which is in western economies a commonly accepted fact.
This unexpected attention has two root causes: First of all, these violations penetrate all industry / service sectors and are of global nature, on the other side they resulted in drastic penalties for the companies, management boards and the employees in charge. The prevention of those violations commonly known as compliance discipline has made it on the top agenda of management boards traditionally in the financial sector and starting a couple of years ago in all other industry sectors.
A modern, systematic and processoriented management approach for complying with, training of changing rules, resulting risks and appropriate measures taken is needed. What has been clear from the analysis of all these violations in the past is the fact, that all violations have been carried out deliberately, internal controls were bypassed and visible warnings were ignored at least neglected.
For us a holistic compliance system means the definition, translation und assurance of application (control) of all laws, internal and external rules and regulations, specifications and accepted codes. In addition this discipline covers also controlling of potential risks and all compliance relevant measures. The complexity - and for some the beauty - lies in the detail of this task, because every compliance section (e.g. WpHG Compliance, Produkt-Compliance, Corporate-Compliance, Corporate Governance etc.) can and most often will affect all business lines, processes, systems policies / work instructions, all decision making and control systems and even projects of a company or institution.
In building or expanding compliance with rules and regulations we focus on the entire organization - structures and processes - in all affected areas. This is at the beginning a massive and challenging management task, which our experienced 4C experts are ready to take on together with our clients in all the described dimensions.
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Dr. Heiko Mauterer
Master of Engineering and Business Administration
In consulting creating benefit for a customer is considered to be a given. In practice, this is not necessarily the case. At least according to Dr. Heiko Mauterer's experience in several management positions in banking. Creating true value is a key concept for him, that determines his thinking as well as his work with his clients. If applicable, all benefit aspects - in his eyes - are to be quantified and made measurable. And that's also not self-evident.
Heiko Mauterer has outstanding experience in financial services and focuses on regulatory management, Human Resources, digitization, operations and project management.
Diplom Business Data Processing Specialist
Customers expect today far more than project management and methodological skills from their consultant imposing modified and additional requirements on a consultant's role. Expert skills and transformational competences combined with industry experience and the mandatory overall view are capabilities Daniel Lovric actively contributes to his consulting work with great enthusiasm. These are the decisive prerequisites for a true added value and ultimately for the client's bottom-line results.
Daniel Lovric has extensive experience in the financial services sector and focuses strongly on regulatory management, including regulatory framework, regulatory IT management, risk reporting, predictive risk management and fraud detection (RegTech).