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Compliance Strategy in Management Consulting

In a rapidly changing business world, characterized by complex regulatory requirements and constant evolution, a robust compliance strategy is crucial. This strategy forms a part of the foundation of the compliance function in companies by aligning with the business strategy and specific risk profile. It creates the basis for effective compliance measures and ensures that companies meet regulatory requirements while evolving their business model.

Overview
Success factors

Overview of Compliance Strategy

Our compliance strategy is tailored to integrate seamlessly into a company's business model and take into account its specific requirements. Core components of the strategy include:

  1. Compliance (CP) Objectives: Precise definition of objectives and guidelines as the foundation for all compliance transformation projects, along with the derivation of criteria to measure the degree of goal achievement.
  2. Regulatory Context: Identification of relevant regulations and specification of customer-specific implementation.
  3. Business Models and Risk Profile: Alignment of the CP strategy with business objectives and assessment of CP risks.
  4. Compliance Culture: Development of a corporate culture that sees compliance as an integral part.
  5. CP Awareness: Designing a charter for employee familiarity with compliance directives and guidelines.

Success factors for the implementation of the compliance strategy

The following factors are decisive for the successful implementation of the compliance strategy:

  • Coordinated Developments: Synchronizing operational business and compliance strategies.
  • Clearly Defined CP Objectives: Developing specific, measurable, ambitious, realistic, and time-bound goals.
  • Effective Communication & "Tone from the Top": Establishing a CP communication strategy to enhance understanding, engagement, and cultural development.
  • Consistent Risk Assessment: Conducting specific CP risk analyses, realistic risk evaluations, and defining adequate mitigation measures.
  • Integrated CP Controls: Deriving and implementing detailed CP control concepts.
  • Transparency through CP Reporting: Defining risk and performance indicators and establishing appropriate reporting and escalation processes.
  • Regulatory Radar: Implementing solutions for continuous monitoring of regulatory changes.
  • Comprehensive Training Plans: Developing targeted CP training, supported by KPIs to measure success.

 

In shaping regulatory requirements lies the opportunity to not only comply with legal mandates but to actively design and profitably implement compliance.

Daniel Lovric | CCO Advisory 4C GROUP

Our Approach

Analysis and Planning:

Conducting a compliance check-up to determine the current status, identify any regulatory weaknesses, and establish CP objectives.

Definition of Measures

Adaptation of the compliance strategy to the business model, derivation and specification of the CP action plan.

Compliance Transformation:

Effective implementation of measures and seamless, sustainable integration into ongoing CP operations.

 

What our Customers Say

„The Banking industry is already following strong compliance and regulatory standards, however compliance management systems are yet not so established in other industry sectors. Dr. Heiko Mauterer and Daniel Lovric from 4C GROUP AG joined my team to give us a presentation on the recent market developments and covered the German Corporate Liability Act. The draft law will regulate the offenses by companies in a new way, allowing adjusted and significantly higher penalties regarding to the size of companies. On the other hand it takes penalty mitigation through effective Compliance Management Systems and internal investigations into account, offering the opportunity to make professional Compliance Management a real asset [...].“

Anna Issel Head Anti-Financial Crime International Private Bank at Deutsche Bank

Why 4C?

Why 4C is the Right Partner

As experts in management consulting and compliance strategy, we understand the challenges and complexities C-level executives face. Our tailored solutions, combined with our comprehensive understanding of regulatory requirements and business strategies, make us the ideal partner for your company. We offer not just check-ups and risk analyses but also ongoing support and assessments of regulatory maturity, ensuring your compliance strategy is not only effective but also future-proof. Contact us to assist you in tackling your compliance challenges and contribute to your company's success.

 

More Topics

Fighting Fraud and Corruption

Prevention in the fight against fraud and corruption

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Money Laundering Prevention

Efficient and effective implementation of the money laundering rules

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Compliance Transformation

The compliance strategy as a sustainable foundation

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Your Experts

Daniel Lovric

Partner

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Lucas Bueckemeyer

Manager Banking & Compliance

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Dr. Heiko Mauterer

Senior Partner

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Thank you for your trust. We look forward to hearing from you.

 

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Expert Marketing & Business Development

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