Independent And Efficient Assessments Of Your Internal Control Environment For Your Financial Institution
Meet Your Regulatory Compliance Requirements
Perform an annual internal control assessment as per MAS regulatory or licensing requirements. Be prepared for MAS audits.
Manage The Operational Risks Of Your Business
Benchmark your operational process and control set-up against industry peers and global best practices. Ensure robust processes that comply with MAS regulatory requirements.
Get The Necessary Independent Assurances Through Regular Internal Audits
Provide assurance to your Board and key stakeholders on the design and operating effectiveness of your firm’s policies, procedures and controls.
Independent assurance lead by Certified Public Accountant and conducted by Certified Internal Auditor
Our Work Scope Can Cover An Assessment Of Controls Over The Following Business Activities:
Customer Facing Activities
- Advertisement of services and products
- Customer reporting
- Sales / Introducer management
- Product suitability
- Customer meetings
- Customer accreditation
- AML/CFT due diligence, monitoring and reviews
- FATCA & CRS classification
- Customer suitability
Investment Activities
- Research
- Portfolio construction
- Investment mandates monitoring
- Performance review
- Liquidity management
- Best execution
- Broker evaluation
- Investor’s subscription / redemption
- Trade settlement
- NAV verification
- Corporate action
- Position reconciliation
- Cash management
- Independent custody of customer’s assets
Business Support Activities
- Annual / Quarterly MAS filing
- Payroll & expenses
- Capital requirements
- Fee calculation
- Hiring
- Staff appraisal
- Fit and proper
- Staff training
- Data retention
- User access controls
- Back-up
- Business continuity plan and testing
- Assessment
- Monitoring
- Reviews
Governance & Risk Management
- Board oversight
- Policies and procedures
- Roles and responsibilities, incl. segregation
- Code of conduct
- Conflict of interest
- Corporate secretarial activities
- Risk monitoring and mitigating activities
- Risk reporting
- Enterprise-wide risk assessment
- Compliance monitoring
- Compliance reporting
- Regulatory updates
- Contract review
Victor Chan, Director
Victor is a U.S. Certified Public Accountant. He was with a Big 4 risk advisory and internal auditor of a European investment bank in Hong Kong. Having started his career with a U.S. investment bank in 1999, Victor has expertise in the financial services industry and extensive knowledge of the U.S., Hong Kong and Singapore market. He possesses strong technical skills in accounting, operations, compliance, risk management as well as financial regulations.