Risk & Compliance

Manage Risk and Comply with Regulatory Changes

Effective risk management is a strategic tool and a competitive advantage. Leading companies know that foreseeing and navigating the uncertainties in business and regulation help to achieve business objectives and financial goals. More than ever, companies are seeking common sense risk management and compliance strategies to strike the right balance between risk mitigation and risk taking. Our team offers a comprehensive suite of services designed to help clients improve the way they manage the wide range of business risks and meet complex compliance requirements.

Our Services

A strong internal audit function is essential to a healthy company, sound corporate governance, proactive risk management and strong compliance practices.  As companies recognize the value of internal audit, the demands on internal audit grow. They find that partnering with a firm that has a breadth of competencies allows them to tap into experts with the right specializations while maintaining access to strong professionals with core competencies such as accounting, financial reporting, SOX and IT.

How Can CrossCountry Help?

Our team is dedicated to providing exceptional internal audit services.  We have a flexible approach and can provide a fully-outsourced internal audit function as well as serve as a co-sourced partner in a way that is tailored to your needs.

  • Outsourcing
  • Co-sourcing
  • Advisory and quality assurance
  • Transformation

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Achieving sustainable regulatory compliance can be more than just a compliance exercise; it is also an opportunity to take a fresh look at processes, make improvements and leverage data for new reporting and analytics. With no end in sight to the ever-changing regulations, organizations should be thoughtful about the most effective way to integrate compliance activities in their baseline operations and extract business value from them.

How Can CrossCountry Help?

Our team possesses a unique combination of process reengineering, data management and report development capabilities that can help you achieve near-term and long-term compliance objectives.

Compliance areas where we can assist you include:

  • Banking and financial services regulations (CCAR, FATCA, Dodd-Frank, Basel III, MIFID II, Reg W)
  • Third-party risk management
  • Anti-Money Laundering (AML), including BSA and KYC
  • Privacy and data protection, including GDPR, GLBA, HIPAA and state privacy laws

Our regulatory compliance services include:

  • Process re-engineering for compliance
  • Compliance data and reporting
  • Compliance assessments and gap analysis
  • Compliance risk and control reviews

 

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Over a decade after the passage of the Sarbanes-Oxley Act of 2002 (SOX), organizations are still grappling with the challenges of sustaining compliance and keeping pace with changes impacted by the Public Company Accounting Oversight Board (PCAOB) inspections of audit firms.  Additionally, integrating organizational, technological and process changes remains a challenge. More and more, companies are seeking common-sense, sustainable solutions for SOX compliance that do not place undue compliance burdens on their business and people while enabling alignment with external auditors.

How Can CrossCountry Help?

Our team helps organizations at varying levels of SOX program maturity, complexity and resources. Ultimately, we strive to enable you to achieve SOX compliance in a way that provides value to the business and minimizes undue burdens and costs.

  • SOX strategy and planning
  • SOX program implementation
  • Controls design and operating effectiveness testing
  • Controls optimization and remediation

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The cybersecurity landscape is ever-expanding. Adversaries are more sophisticated and organized. Threats multiply faster than technology alone can manage. Business leaders must move their organizations forward amidst a virtual gridlock of compliance requirements and evolving risks to continue to innovate while reducing risk and exposure to emerging cybersecurity threats.

How Can CrossCountry Help?

Our team offers a comprehensive suite of services designed to help you improve the way you manage your cybersecurity risks and meet complex compliance requirements from both an advisory and an internal audit capacity.

  • CISO advisory
  • Cybersecurity strategy and governance
  • IT and cybersecurity framework design and implementation
  • Cybersecurity and IT risk assessments
  • Cloud security design and implementation
  • Business continuity planning/disaster recovery design and testing
  • Third party risk management
  • Awareness and training
  • Policy, procedure and controls development

 

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This is a time of increased public scrutiny and corporate accountability for ethics and transparency.  Given the speed of media in this modern era, even perceived or suspected impropriety can have damaging consequences for a company’s reputation. Executives and boards of directors are seeking to demonstrate proactive management of risks in areas such as fraud, malfeasance and conflicts of interest.  Accordingly, companies must act swiftly to investigate and address suspected issues.

How Can CrossCountry Help?

We help you with awareness, education and insight to help avoid fraud, abuse and corruption. Our team is experienced with providing investigative expertise when independence and discretion are critical.

  • Fraud risk assessments
  • Ethics policy and program development
  • Anti-fraud training
  • Internal investigations

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This is an era of technological change and data proliferation where data governance, cloud computing, mobile devices and social media are relevant topics for any business.  It’s a fast-paced time in which technology offers tremendous opportunity, but also risks such as wasted investments, security breaches, data loss and failed implementations.  The companies that navigate these treacherous waters with a practical, business-oriented approach are those that will emerge most successful in leveraging technology as a business tool and a competitive advantage.

How Can CrossCountry Help?

We are experts in technology and work effectively with technology professionals, yet we speak about technology in the plain, practical business terms that executives and boards of directors crave.

  • IT audits
  • IT risk assessments
  • CIO advisory
  • Data governance
  • Data analytics
  • Privacy and data protection
  • System implementation advisory
  • Business continuity and disaster recovery
  • Cloud and outsourced IT services risk management

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Companies continue to develop and clarify risk management and oversight responsibilities across the business, risk management and compliance, and internal audit (often referred to as the 1st, 2nd and 3rd lines of defense). Along with increasing calls for each of these to foresee regulatory demands and tackle challenging and emerging issues, there are growing pressures to enhance the scope, efficiency and effectiveness of their own activities through data analytics and Robotic Process Automation (RPA). Current topics include:

  • Data governance
  • Cybersecurity
  • Privacy
  • Third-party risk management
  • Regulatory compliance
  • Quantitative risk analysis

The focus is particularly acute in financial services where CCAR, anti-money laundering, the Bank Secrecy Act and many other regulatory demands remain under scrutiny.

How Can CrossCountry Help?

Our team has developed approaches that are mindful of the big picture while staying grounded in the day-to-day practical realities of business.

  • Risk framework design and implementation
  • Governance and organizational effectiveness
  • Enterprise risk management design and implementation
  • Enterprise-wide risk assessments
  • Support in specialized or emerging topics
  • Development and clarification of the 1st, 2nd and 3rd lines of defense

 

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Case Studies

Global Investment Bank
Learn about how we helped a global investment bank develop a data remediation program that would determine the root cause of data anomalies and meet demands of CCAR regulatory reporting.
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Featured Insights

Meet Our Risk & Compliance Leadership Team

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P.J. WARWICK

Partner

Risk & Compliance Lead

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NAV MAKOL

Partner

Risk & Compliance

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JILL AGUDELO

Director

Sarbanes-Oxley

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CAMERON OVER

Director

Cybersecurity

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KARALEE BRITT

Director

Anti-Fraud
Internal Audit

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SCOTT HELFLIN

Director

Technology Risk

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TEMBI SIBANDA

Director

Risk Management
Regulatory Compliance

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