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.
Time to Complete:
4-6 months. This timeline allows adequate time for compliance assessments, policy updates, and training programs.
Team Structure:
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.
Required Resources:
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.
Additional Info:
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<