Compliance-as-a-Service

Get in touch to discuss how Compliance-as-a-Service by Braithwate can provide you with the confidence to scale your business in a compliant manner.

Key Benefits with Braithwate

• Top-Tier Talent: Access financial services lawyers, regulators, and seasoned compliance professionals.

• Global Reach: Benefit from our physical presence in major markets, ensuring a comprehensive and adaptable service.

• Flexibility for Growth: Ideal for fast-growing businesses, our modular approach accommodates your evolving needs.

• Accelerate Compliance: Use pre-built document templates for swift registration and ongoing compliance requirements.

• Best-of-Breed Tools: Leverage our compliance management platform, e-learning system, KYC/AML onboarding, and regulatory change management tool.
  

Scale Your Compliance, Elevate Your Success

Braithwate's Compliance-as-a-Service provides a fully outsourced compliance function or modularized solutions tailored to your unique needs. Scale your compliance services effortlessly, in line with your business growth.

Embrace the future of compliance with Braithwate. Contact us today to unlock the full potential of your business.

Compliance-as-a-Service - top questions and answers

Q: What is Braithwate's Compliance-as-a-Service, and how can it benefit my fast-growing financial services firm?

A: Braithwate's Compliance-as-a-Service is a comprehensive solution designed for financial services firms experiencing rapid growth. Our service ensures seamless compliance management, allowing you to focus on expanding your business into new markets and launching innovative products.

Q: How does Braithwate's Outsourced Chief Compliance Officer service support our day-to-day operations?

A: Our Outsourced Chief Compliance Officer service provides dedicated oversight, serving as a point of contact for local business activities and regulatory inquiries. This expert guidance ensures your operations meet industry standards, allowing you to navigate compliance requirements effortlessly.

Q: How can Horizon Scanning from Braithwate help my firm stay ahead of regulatory changes?

A: Horizon Scanning provides daily updates and in-depth analysis, helping your fast-growing financial services firm anticipate and adapt to evolving regulatory landscapes. Stay informed, stay compliant, and position your firm as a proactive leader in the industry.

Q: What kind of advice and policies can we expect from Braithwate to support our business objectives?

A: Braithwate tailors high-quality advice and policies to meet the unique needs of your growing financial services firm. Our guidance ensures compliance while supporting your strategic goals, laying the groundwork for successful product launches and market expansions.

Q: How does Braithwate manage conflicts of interest, personal account dealing, and SM&CR certification through Core Compliance services?

A: Our Core Compliance services streamline the management of critical compliance aspects, including conflicts of interest, personal account dealing, and Senior Managers & Certification Regime (SM&CR) certification. Trust Braithwate to maintain the highest standards as you explore new markets and opportunities.

Q: Can you explain how Compliance Assurance from Braithwate builds confidence in our compliance practices?

A: Compliance Assurance establishes a comprehensive framework for monitoring, testing, and assurance activities. This tailored approach ensures your fast-growing financial services firm operates transparently and meets regulatory requirements while focusing on your business objectives.

Q: How does Braithwate's Transactional Compliance mitigate risks in our operations?

A: Transactional Compliance offers robust AML, KYC, and sanctions screening to safeguard your operations. Our vigilant transaction monitoring adds an extra layer of security, enabling your firm to confidently navigate new product launches and market expansions.

Q: How does Braithwate streamline Regulatory Reporting and Filing to ensure timely and accurate submissions?

A: Braithwate's expertise in Regulatory Reporting and Filing ensures the timely and accurate submission of key regulatory filings. Trust us to handle intricacies, allowing your financial services firm to maintain compliance effortlessly as you focus on driving your business forward.

Q: How does Braithwate's Enterprise Risk Management align with our business strategy and regulatory requirements?

A: Our Enterprise Risk Management services align your risk management practices seamlessly with business objectives and regulatory requirements. Navigate expansions confidently, knowing your risk strategy is optimised for success in new markets and product launches.

Q: How flexible is Braithwate's Compliance-as-a-Service for scaling our compliance services as our business grows?

A: Braithwate's Compliance-as-a-Service offers a flexible outsourcing model, ideal for fast-growing businesses. Scale your compliance services effortlessly in line with your business needs, ensuring you have the support required for continuous growth and success.

Q: Can a financial services firm outsource its compliance functions, and is it a common industry practice?

A: Yes, outsourcing compliance functions is a common and strategic industry practice. Many financial services firms leverage external expertise to ensure efficient and effective compliance management. The regulatory requirements around compliance outsourcing vary by jursidiction; for example, in the USA, FINRA is happy for firms to fully outsource the Chief Compliance Officer role, as long as the outsourced CCO holds the necessary licence (typically the FINRA Series 14 Compliance Officer licence). On the other hand, in the UK, the FCA allows firms to outsource the execution of compliance activities, but insists that the Senior Manager responsible for compliance (i.e. the SMF 16 Chief Compliance Officer and SMF 17 Money Laundering Reporting Officer roles) are retained in-house. Braithwate has extensive experience working with firms to develop a pragmatic outsourced compliance function that delivers an optimised service for the firm while meeting all applicable regulatory requirements.

Q: What are the key considerations for a financial services firm when deciding to outsource compliance?

A: When considering outsourcing compliance, key factors include the provider's expertise, reputation, global coverage, flexibility, and the ability to tailor services to your specific needs. Additionally, assessing the provider's compliance tools and technologies is crucial for seamless integration.

Q: How does Braithwate ensure the security and confidentiality of sensitive compliance data during outsourcing?

A: Braithwate prioritises the security and confidentiality of sensitive compliance data. Our Compliance-as-a-Service is backed by robust data protection measures, ensuring the integrity and privacy of your financial services firm's information.

Q: What steps should a financial services firm take when outsourcing part of its compliance function with Braithwate?

A: The process begins with a thorough consultation to understand your firm's specific needs and existing approaches. From there, Braithwate tailors a compliance solution, addressing key areas such as regulatory reporting, risk management, and specific compliance functions, ensuring a seamless integration into your operations. We often find that clients want to take the journey step by step, for example, by engaging Braithwate first to take responsibility for a particular aspect of compliance, or for a new business venture.

Q: How can outsourcing compliance with Braithwate benefit a financial services firm launching new products or expanding into new markets?

A: Braithwate's Compliance-as-a-Service is designed to support firms in dynamic phases of growth, such as launching new products or expanding into new markets. Our expertise ensures compliance, allowing you to focus on strategic initiatives and seize growth opportunities.

Q: What role does Braithwate play in helping financial services firms adapt to changing regulatory environments when outsourcing compliance?

A: Braithwate takes a proactive approach to help firms adapt to changing regulatory environments. Our Horizon Scanning service provides daily updates and in-depth analysis, ensuring your financial services firm stays ahead of regulatory developments.

Q: Can Braithwate assist in training our internal teams on compliance best practices during the outsourcing process?

A: Absolutely. As part of our offering, Braithwate provides training and support to your internal teams, ensuring a smooth collaboration and enhancing your firm's overall compliance capabilities.

Q: How does outsourcing compliance with Braithwate contribute to cost savings for a financial services firm?

A: Braithwate's Compliance-as-a-Service leverages innovative technologies and a flexible outsourcing model, allowing financial services firms to realize cost savings by eliminating the need for extensive in-house compliance infrastructure.

Q: Is Braithwate's Compliance-as-a-Service suitable for both small and large financial services firms?

A: Yes, Braithwate's Compliance-as-a-Service is designed to cater to the needs of both small and large financial services firms. Our flexible approach allows scalability, ensuring a tailored solution for firms of all sizes. We provide outsourced support for firms as small as boutique investment managers right the way up to complex international derivatives trading venues.

Q: How can a financial services firm measure the success of outsourcing compliance with Braithwate?

A: Success can be measured through improved compliance efficiency, reduced risks, and streamlined regulatory processes. Braithwate collaborates closely with your firm, providing regular updates and performance metrics to ensure the success of our partnership.

As part of Compliance-as-a-Service, we offer the following capabilities (click to expand each box):