Managing regulatory risk effectively can be complex and resource intensive. When combined with commercial drivers that are seeking to reduce operational costs, the risk to a sufficiently independent and challenging compliance function becomes pronounced.

FCA enforcement action continues to demonstrate to CF10s and their executive colleagues that they can, and will, be held personally responsible for any failures in systems and controls. The importance of an effective compliance function should therefore not be underestimated.

Acknowledging our clients’ commercial considerations, we not only address compliance function deficiencies but also identify process efficiencies. We embed a proactive forward-looking approach that ensures the compliance function can continually mould to regulatory change and your evolving business model and strategy.

How can we help?
TCC provides tailored compliance effectiveness solutions that strengthen your compliance function to ensure it provides effective support and challenge to the first line.

• Framework assessment – we measure and assess the effectiveness of business assurance undertaken by the first line, as well as review compliance function conduct oversight and challenge.
• Holistic review – we conduct an end-to-end review of the adequacy of systems and controls, and processes and procedures to identify gaps or deficiencies. Working collaboratively with you, we implement a plan of corrective action that manages and mitigates conduct risks and ensures delivery of the right customer outcomes in line with TCF principles.
• Ongoing support – ensure compliance arrangements keep pace with business growth and evolving regulatory expectations with regular compliance health checks and compliance audits.