Consulting engagements are mandated by management to assist the organizationon the areas under the scope.While a consulting engagement may be tailor-made to the client needs, some of the useful / regular areas are enumerated here.
CXO Support Services
- Chief Executive Officer (CEO) Support
- Chief Operating Officer (COO) Support
- Chief Financial Officer (CFO) Support
- Chief Risk Officer (CRO) Support
- Search Reports
- Chief Human Resource Officer (CHRO) Support
- Chief Audit Executive (CAE) Support
- Chief Compliance Officer (CCO) Support
- Chief Information Officer (CIO) Support
- Chief Technology Officer (CTO) Support
- Chief Administration Officer (CAO) Support
Regulatory (Financial Service Industry) - Banks, Insurance companies, Financial Institutions, Non-Banking Financing Companies, Mutual Funds, Asset Management Companies, Stock Brokers
- Review of regulatory returns and submissions of data in tranches under Supervisory Framework
- Review of regulatory compliances (pre/post inspection compliances)
- Implementation and assessment of Compliance Risk Framework
- Compliance Testing, Identification of gaps and implementation of action plan
- Performing gap analysis on new regulations / changes in regulations
- Implementing regulatory reporting framework
- Developing compliance policies, manuals, procedures
- Providing compliance trainings.
- Leasing companies
- Financial Intermediaries (Fintech)
Human Resource Consulting
- Providing consultants / contract temporary staff on deputation
- Devising Training, learning & development programs for staff including new joiners, induction and corporate culture orientation programs in order to support capacity building and skill development.
Technology & Information Security Consulting
- Supporting management in evaluating and optimizing technology architecture (applications, infrastructure and security); advising on technology cost optimization, efficiency improvement, IT modernization, digitization and automation strategies.
- Advising on best practices around application development and maintenance, IT project management, Information security and IT general controls.
- Assisting in implementing RBI guidelines for banks in respect of Data Localization, SWIFT Interface with CBS, Cyber Security related questionnaires etc.
- Assisting in business analysis for system development, IT resourcing, IT tools, IT Risk management and IT Vendor management.
Governance & Risk Management
- Defining risk management strategies, risk appetite, mandates / delegations of authority;
- Optimization of risk versus pricing of financial products;
- Evaluation of internal control, governance, risk management framework and implementation of remediation action plan for identified gaps.
- Implementation of projects arising out of changes in operating environment such as new regulations, government policies, organization policies etc.
- Preparation of policies / procedures (SOPs), formats, flow charts, contracts, MOUs, Service Level Agreements, job descriptions, authority matrices, mandates, registers with quality management system.
- Preparing dashboards, MIS, management reporting, profitability analysis, productivity reports, Key Performance Indicators, Key Risk Indicators to support timely and accurate decision-making process.
Credit Risk Management Process
For Lenders:
- Creation, modification, satisfaction of charges for secured lending in the register maintained by the Registrar of Companies;
- Review of credit documentation,
- Collection and processing of stock reports and preparation of drawing power limits;
- Collection and processing of annual financial statements for compiling periodical credit rating;
- Assisting in periodical credit monitoring reports and following up on pending compliances.
For Borrowers
- Advising corporate clients on project financing, working capital financing and off-balance sheet items, optimization of interest payments, analysis of debt equity structure and negotiations with lenders.
Corporate Solutions, Vendor Management & Outsourcing
- Sourcing and Outsourcing strategies, Cost reduction and optimization strategies
- Project Management on centralization of operations, Centre of Excellence, Operational efficiencies, economies of scale, process re-engineering, customer satisfaction, straight-through processing, standardization, automation / digitization of manual processes and documents.
- Corporate Real Estate Management & Facility Management Strategy
- Vendor management for core and non-core functions (negotiation and empanelment of vendors, documentation of contracts and service levels, monitoring service delivery in terms of Key Risk Indicators and Key Performance Indicators.