Our Range of Services
Operational Risk Consulting
Reviews and gap analyses against good practices and regulatory requirements, risk assessment framework design, implementation and enhancement, policy drafting, governance, MI creation, and recommendations for improvements. Advice on incorporating 'conduct' as a lens in the operational risk framework.
NJ Risk is experienced in providing training on a range of topics including operational risk and regulatory compliance. Our Principal Dr Jimi Hinchliffe has over 25 years experience including teaching in a university and can develop and deliver training to meet your needs. NJ Risk have worked with CefPro, Incisive Media, the IOR and the IIF on delivering training.
NJ Risk are experienced in providing interim senior management support. NJ Risk have provided senior operational risk interim support to clients including Bank of New York Mellon and National Grid Pension scheme.
GRC System Support
NJ Risk is an introducing associate for two leading GRC system vendors - Chase Cooper and Xactium. NJ Risk can support you in selecting a GRC provider and help manage implementation.
Operational resilience is the major focus of UK and global regulators. NJ Risk has partnered with NDS Consulting Limited and AJ Sheen Consulting to form The JADEtc. Partnership to support firms on delivery of operational resilience in line with the regulatory requirements. By utilising an Operational Resilience Wrapper and fully leveraging their existing operational risk management tools and frameworks (including BCM) firms can gain efficiencies and deliver operational resilience, and The JADEtc. Partnership can help you do this. http://njriskandreg.com/building-operational-resilience-with-the-jadetc-partnership:-meeting-regulatory-expectations-and-delivering-value/
Senior Managers Regime
Production of SM Applications: Application Form, Statement of Responsibility, Responsibilities Map update, Skills Gap Analysis and Development Plan (using proven approach and methodology) and conducting of mock interviews. Annual competency reviews.
S166 Skilled Persons Reviews
NJ Risk partnered with Chapelle Consulting Limited in 2017 to be on the S166 Skilled Persons Panel of firms in lot I: https://www.fca.org.uk/publication/documents/skilled-person-panel.pdf
Mock Interviews and visit preparation
NJ Risk has experience in conducting mock interviews for managers and can provide support in advance of regulatory interviews or visits. NJ Risk partnered with Metidian Limited to provide training for the IOR on regulatory visit management and will provide training in 2020.