IIL Risk Management is in a position to assist clients, working closely with their risk management, internal audit and business functions, in the develop and put in place a comprehensive Operational Risk policy and framework taking into account the Basel II stipulations, the UK regulatory requirements and industry best practices. We can also assist with the operational aspects such as mapping the risks and identifying the existing and proposed internal controls and reviewing their effectiveness and monitoring compliance levels.

We also help clients to bring about the involvement of all relevant personnel at the policy formulation stage and in risk assessment stages and undertake the required training to embedd the risk management approach to operations. The experience of IIL executives in the UK financial services market and their familiarity with the local regulatory approach and their sound background of technology management give them the required edge in this regard.