- Ensure that an investment firm is compliant with UK PRA/FCA requirements while fostering an informed security culture.
- UK PRA / FCA Compliance Requirements. Conduct a comprehensive review of current compliance status and implement necessary adjustments to meet all regulatory standards.
- Update internal policies to reflect the latest regulatory demands and industry best practices.
- Develop and deploy a training program tailored to the specific needs of the firm to enhance employee understanding of compliance and security practices.
4-6 months. This timeline allows adequate time for compliance assessments, policy updates, and training programs.
- Compliance Officer (1): To oversee the entire compliance upgrade process, including policy revisions and regulatory adherence.
- IT Security Specialist (1): To implement technical controls and updates needed for compliance.
- Training Coordinator (1): To develop and administer training and awareness sessions.
- Compliance software tools to manage and monitor regulatory requirements.
- Training platforms and materials for educating employees on compliance and security best practices.
- Legal and regulatory consultancy services for expert advice on PRA/FCA compliance.
Regular review meetings with management to ensure alignment with business objectives and compliance progress.
Engagement with external auditors for pre- and post-compliance audit assessments.</p<
