Identifying, measuring, monitoring, and mitigating both qualitative and quantitative risks faced by your organization, with ongoing reporting to ensure transparency.
RMC Wise provides tailor-made risk management solutions based on a thorough understanding of the client’s enterprise risk profile and objectives. Each client relationship is coordinated by a dedicated officer, who analyses, measures, and helps manage multiple risks.
RMC Wise offers risk management engagements and risk advisory solutions to a number of financial participants including Asset Managers, Self-Management Schemes, MiFID Firms, Depositaries, Company Service Providers, Insurance Companies, Virtual Financial Assets Service Providers, Electronic Money Institutions, and Payment Institutions. We work with clients of all sizes to define, design, and deliver innovative solutions to better quantify and manage risk. RMC aims to obtain results by using our comprehensive capabilities and optimally designed set of risk solutions.
OUR SOLUTIONS
FOR RISK MANAGEMENT
Risk Manager Role
RMC Wise has a dedicated team of qualified risk managers with extensive experience in the financial services industry. RMC provides tailored risk management solutions through a secondment or outsourced agreement whereby officers are selected to act as Risk Managers, as well as provide risk management support to Clients in accordance with their requirements. All the members of our team are known to the MFSA and have been PQd for the risk management across various industries.
Risk Support / Advisory
RMC offers advice and assistance on a project-based or periodical basis to support the in-house risk manager with measuring, monitoring, and reporting its risk exposures. RMC can step in to review and develop your current in-house policies and procedures in order to ensure that they are in line with the nature, scale, and complexity of the business.
We have the necessary expertise in place to assist you in identifying and defining the risks and opportunities faced by the enterprise whilst simultaneously identifying, quantifying, and gauging your tolerance for risk. This is then followed bymanaging, mitigating, or transferring your risk.
Our Risk
Management Services
Build a Robust Risk Management Framework
Develop a Comprehensive Risk Register
Building a risk register that captures and categorizes both qualitative and quantitative risks, providing a clear picture of your organization's overall risk profile.
Strengthen Business Continuity and Cybersecurity
Providing guidance and support in implementing effective business continuity and cybersecurity risk management practices, protecting your operations from potential disruptions.
Navigate Regulatory Compliance relating to Risk
Assisting in meeting the ongoing reporting requirements.
Provide Regular Risk Reports for Board/Committee Presentations
Preparing clear and concise risk reports suitable for presentation to your board of directors or committee members, keeping them informed of key risk areas and mitigation strategies.
RMC WISE
FAQ'S
What services does RMC Wise Ltd provide?
RMC Wise Ltd offers a range of services including but not limited to *Risk Management*, *Regulatory Compliance*, *Financial Services Consultancy*, *AML/CFT Compliance*, *Internal Audit*, and *Regulatory Reporting Services.*
What is Risk Management, and how does RMC Wise Ltd approach it?
Risk Management involves identifying, assessing, and prioritizing risks to minimize, monitor, and control the probability or impact of an event that may or may not have a negative outcome on the Company. RMC Wise tailors risk management solutions based on a thorough understanding of each client's risk profile, business model and overall objectives, offering services such as governance, policies & procedures, enterprise-wide risk assessments, outsourced risk management functions, and cyber risk support.
What is Regulatory Compliance, and why is it important?
Regulatory Compliance ensures that a business adheres to external rules and internal controls imposed by regulatory bodies. It aims to protect license holders and their clients, ensure fair and transparent markets, reduce systemic risk, and combat financial crime. The Compliance Function advises and assists personnel in complying with legal and regulatory obligations, regularly assessing the effectiveness of measures and procedures in place. This is done through the effective implementation of a risk-based Compliance Monitoring Programme (CMP).
How does RMC Wise Ltd assist with AML/CFT Compliance?
RMC Wise Ltd helps businesses meet their Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) obligations by providing services such as risk assessments, customer due diligence, ongoing monitoring, transaction reporting, and AML training. They assist firms in implementing robust frameworks to prevent financial crime and comply with regulatory requirements.
What Internal Audit services does RMC Wise Ltd offer?
RMC Wise Ltd provides independent Internal Audit services to its clients. Internal Audit is crucial for ensuring the efficiency, security, and compliance of an organization. It provides independent assurance that a company’s risk management, governance, and internal control processes are functioning effectively. Moreover, Internal Audits help identify weaknesses, improve operational efficiency, and ensure compliance with regulatory requirements, reducing the risk of fraud and financial mismanagement. Our services include reviewing compliance with regulatory requirements, evaluating operational risks, and offering recommendations for process improvements to ensure organizations operate efficiently and securely. This is done through the effective implementation of a risk-based Internal Audit Plan.
RMC WISE
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