Selected Service Outsourced Risk & Compliance Supervision (Brokers & MGA’s)

All FCA regulated firms irrespective of scope and scale, must comply with the principles and rules that apply to the individual firm’s business model. In plain speak, this means the senior management are responsible for ensuring that the risks posed by the firm’s operations are understood, recorded, monitored and reported on, including the key risks of failing to follow specific conduct of business rules and the need to ensure and demonstrate good customer outcomes.

Even when you have in house support there may be times when you need a helping hand or a second opinion.

For firms not requiring full outsourced support, CORDComply have a suite of services that can be contracted as individual elements or bundled, designed specifically for your business needs. For example;

Risk assessment and risk register creation and create required controls to manage risk and drive compliance monitoring program.
Run your compliance monitoring program and report.
Firm runs its own monitoring program but could use CORDComply as a second pair of eyes.
File checking.
Complaint management.
Horizon scanning.
FCA return validation.
Training & Competence support.