OUR SERVICES

We don’t offer the pre-made but using our depth of experience we work within our client’s business in order to ensure that what we deliver, design, implement or embed complements any existing governance, compliance, risk or control framework(s).

Our services span advisory, resourcing and training in the disciplines of compliance, risk, corporate governance and company secretarial. Our clients comprise a wide range of insurance and financial services organisations, both established and new to the market.

The areas we cover and the services we can offer are detailed further below.

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ADVISORY

We have the capability to help businesses ensure they are operating good practice in areas as diverse as Financial Crime, Conduct Risk, Data Protection and Privacy and Product Governance and can undertake Compliance Department effectiveness and resourcing reviews to ensure that the controls are in place and operating effectively with appropriate MI getting to the right place.

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RESOURCING

Complementary to the advisory work we can oversee and manage implementation of any changes required including embedding the changes utilising appropriate training methods to match the scale of your business
We also offer a resourcing option where clients have received advice internally or externally and only need additional resource to implement any changes.

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TRAINING

A key element to effective risk, control and compliance frameworks is the embedding of the Board Policies and underlying Processes after delivery or transformation. We can support the embedding process with training from experts with years of experience.

COMPLIANCE

Our compliance activities span the full range of obligations faced by FCA and PRA regulated firms, from the maintenance of frameworks (including policies and compliance risk registers) through annual planning and day to day advice or support on issues such as ICOBS, Brexit, SM&CR, perimeter guidance, financial crime, sanctions, data protection as well as general monitoring and control reviews. Read more...

ICSR has considerable practical experience in, and can assist with, various compliance matters such as:

  • Applications for Authorisation, Variation of Permission or Change in Control
  • Preparation for interviews/meetings with the regulators
  • Development/review of compliance framework including policies and compliance risk registers
  • Compliance operating model development/review
  • Annual compliance activity plan
  • Compliance monitoring
  • Compliance reporting
  • Breach management
  • Brexit planning and implementation
  • Regulatory perimeter guidance
  • International licensing issues
  • Solvency II frameworks
  • Solvency II System of Governance reviews
  • Complaints management framework
  • Financial promotions
  • ICOBS implementation
  • Conduct risk framework and product governance
  • GDPR and data protection/privacy
  • Terms of business agreements
  • Delegated authorities and Appointed Representatives
  • Anti-financial crime including sanctions, money laundering, bribery and corruption
  • Insurance Distribution Directive including IPIDs
  • Part VII Arrangements and other corporate transactions
  • Preparation for regulator visits/reviews (including Section 166 Skilled Person Reviews) and remediation
  • Horizon scanning
  • Senior Manager & Certification Regime (SM&CR) implementation
  • Fit & proper requirements
  • Whistleblowing framework
  • Compliance training
  • Coaching/mentoring compliance staff
  • Compliance outsourcing, full or partial
  • Compliance health check

For more information, please see:

RISK

We support clients with the development and maintenance of risk frameworks including policies, appetites, key risk indicators and risk registers. We can assist you with annual planning, ORSA delivery, Stress and scenario testing, control effectiveness testing and risk analysis. Read more...

ICSR has considerable practical experience in, and can assist with, various risk management matters such as:

  • Risk management framework, including Solvency II where relevant
  • Risk policies development and review
  • Risk appetite thresholds
  • Key risk indicators
  • Risk registers and control registers, development and review
  • Annual risk management activity plan
  • Risk management reporting
  • Control effectiveness testing/monitoring
  • Stress and scenario development and testing
  • ORSA preparation and review
  • Solvency II System of Governance reviews
  • Risk management training
  • Coaching/mentoring risk management staff
  • Risk management outsourcing full/partial
  • Risk management health check

For more information, please see:

CORPORATE GOVERNANCE

We undertake corporate governance reviews and support annual Board effectiveness reviews as well as creating operating models and Policy Frameworks to compliment Risk and Control Frameworks. We can also assist with FCA/PRA Senior Managers Regime assessments and on-boarding for directors. Read more...

ICSR has considerable practical experience in, and can assist with, various corporate governance matters such as:

  • Corporate governance structure/framework development and review
  • Regular/ad-hoc Board and Committee effectiveness reviews (evaluations)
  • Review of compliance with corporate governance standards – FRC, PRA, FCA, Lloyd’s
  • Board member compliance training – induction/on-boarding or updates
  • Preparation for interviews/meetings with the regulators
  • Management information (MI) and board pack reviews
  • Board and Committee preparation and administration reviews
  • Review of the use, independence and effectiveness of the Key Control Functions (e.g. Internal Audit, Risk, Actuarial and Compliance), considering their planning, reporting and oversight arrangements
  • Review of the governance and oversight of Conduct Risk and Product Development and distribution including Outsourcing arrangements
  • Solvency II System of Governance reviews
  • Review how the governance structure leads to the intended culture within the organisation
  • Succession planning
  • Advice on compliance with FCA/PRA Senior Managers Regime requirements
  • Advice on, or review of, adjustments to corporate governance arrangements in light of corporate reorganisations or transformational programmes (e.g. Brexit)
  • Preparation and response to external governance review by FCA, PRA or Lloyd’s
  • Support for remediation of issues following an external governance review
  • Corporate governance health check

For more information, please see:

COMPANY SECRETARIAL

We provide companies with company secretarial support to cover any element of the role responsibilities. This includes maintenance of statutory registers, Companies House filings, preparation for Board and Committee meetings including scheduling, preparation and circulation of packs, annual Board and Committee planning, annual reviews of Governance Manual, terms of reference, matters reserved etc, maintenance of Conflicts of Interest register, maintenance of SM&CR documentation including Responsibilities Map, Board induction management, Board and Committee meeting minute and resolution taking and finalisation, follow-up on meetings including action item follow-up. Read more...

ICSR has considerable practical experience in, and can assist with, various company secretarial matters such as:

  • General company secretarial advice
  • Advice on regulatory expectations
  • Advice on good corporate governance practice for planning and interaction between Committees and Boards
  • Advice on annual reporting requirements
  • Annual report preparation/process management
  • Preparation and review of terms of reference and schedules of matters reserved for Board decision
  • Preparation and review of Governance Manuals
  • Management of conflicts of interest
  • Preparation and maintenance of conflicts of interest register
  • Succession planning advice and process
  • Board induction management
  • Maintenance of statutory registers and Companies House filings
  • Annual Board and Committee planning
  • Preparation for Board and Committee meetings including scheduling, preparation and circulation of packs
  • Meeting minute and resolution taking and finalisation
  • Follow up on meetings including action item follow-up
  • Maintenance of SM&CR documentation including Responsibilities Maps
  • Annual Board and Committee effectiveness reviews (evaluations)
  • Governance and control reviews
  • Temporary resources during busy periods or periods such as maternity leave
  • Outsourced and co-sourced company secretarial services
  • Company secretarial health check

For more information, please see:

 

Advisory | Resourcing | Training

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