Risk Advisory Services|Our common storefront

Risk Advisory Services

Our common storefront
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Risk Advisory Services|Our common storefront

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 Risk Advisory Services|Our common storefront

Risk management, compliance, strong governance, secure systems and controls are all key issues across all industries. The ever increasing
focus in regulation, compounded by the economic downturn of recent years, is forcing companies and organisations to act upon these
issues. Companies and organisations must ensure that their compliance function has the depth of expertise required to manage all
regulatory requirements within the business. Those who can demonstrate good governance and high standards of compliance are reaping
the rewards.

Our offerings in relation to Risk Advisory help senior executives and boards to evaluate a company’s risk management framework, design
and implement solutions to mitigate strategic risks, and improve Enterprise Risk Management capabilities.

In summary our service offerings include:

Risk Advisory
Our Risk Advisory practice helps clients manage risk and uncertainty, from the boardroom to the entity’s network. Deloitte professionals
provide a broad array of services that allow clients around the globe to better measure, manage and control risk to enhance the reliability
of systems and processes throughout their enterprise.

Our mission is to help our clients and our people excel.

Our five strategic risk platforms encapsulate the primary service areas where our Risk Advisory practitioners deliver services to our clients
and include:

Governance, Regulatory & Risk

The Governance, Regulatory and Risk (GR&R) service line helps organisations and their boards address a range of enterprise-wide risks by
working with them to develop sustainable compliance and risk management programs.

Our GR&R service offerings include a number of specific services designed to assist organisations anticipate and adapt to regulatory change,
achieve a cost-effective balance between compliance and risk and assessing and remediating their level of compliance with the applicable
Directives, Laws and Regulations .For those organisations who wish to be at the forefront of pro-active compliance we provide readiness
assessments and impact analysis on their current and target operational models.

In addition, our Banking and Financial Services specialists help clients meet and comply with specific requirements emanating through the
local and European regulatory framework as well as accounting standards such as:

•• Licensing of Banking, Payment and Electronic Money Institutions

•• MiFID II / EMIR, PRIIPs
•• Basel III, CRD IV/V /CRR II
•• MREL
•• Solvency II
•• Governance assessments
•• Foreign Account Tax Compliance Act (FATCA)
•• Common Reporting Standard (CRS)
•• General Data Protection Regulation (GDPR)
•• Other Directives, such as arrears management and provisioning for credit losses

Consulting services are offered to organisations that wish to achieve outstanding levels of compliance with the applicable Directives,
Regulations and IFRSs including:

•• Accounting standards such as IFRS 9 and IFRS 16

•• Development of scoring models (credit origination, behavioural etc.)
•• Other specific regulatory requirements, such as Recovery Plans, ICAAPs, ILAAPs etc.
•• Business Model sustainability of business reviews
•• Gap Analysis for non-compliance with existing policies, processes and procedures

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•• Data and Risk analytics: we help our clients understand the questions that matter the most to their business, Data Analytics solutions
can capture, manage and analyse data to identify the root cause of business issues to unlock opportunities, as well as be used in
reporting.
•• Credit Risk strategy design, implementation, testing and optimisation
•• Review and assessment of clients Treasury Management and Credit Policies
•• Balance sheet and Regulatory/Economic optimisation
•• Advise on funding strategies and capital requirements including regulatory funding requirements
•• Market Risk valuation, modelling, measurement and management
•• Advising on M&A and New Products Strategy
•• Seminars, trainings and workshops via our Deloitte Academy
•• Consulting on industry best practices

Investment Management and Funds Advisory

Our Investment Management and Funds advisory specialists provide multijurisdictional advisory services to address their investment
objectives. Our professionals leverage years of industry experience in providing clients with and solutions that proactively assist our clients
in meeting their needs.

Our service offering includes:

•• Preliminary analysis (Investment strategies, jurisdiction and implication analysis, human capital and Director appointments etc.)
•• Setup and Licensing process (Submission to CySEC for UCITS/ AIFs/ AIFMs / UCITS Management Companies / CIFs, Policies and
Procedures, Delegation agreements etc.)
•• Ongoing support and outsourcing (payroll, tax services, regulatory reporting etc.)
•• Other services (fund restructuring, passporting, fund listing etc.)

AML Compliance Services

Deloitte’s AML Compliance Team can assist organisations in assessing their compliance with applicable Laws, Directives and Guidance issued
by the various Regulators with regard to Anti-Money Laundering (AML) Activities as well as implementation of AML Best Practices from
around the world; Compliance services can be offered to Banks, Investment Firms, Administrative Services Providers, Accountants, Lawyers
and other Professional Advisors.

Our service offering includes:

•• Diagnostic assessments and GAP Assessment of the level of compliance of the organisation’s policies, procedures and controls, with the
revised Cypriot regulatory framework with regard to AML
•• Design of a Risk-based Model for the assessment of AML Risk and for on-going review
•• Design of a Transaction Based System for Transactions Monitoring
•• AML Compliance Audit
•• Readiness Assessments and preparation for Regulatory Monitoring Visits
•• Delivering training seminars to an organisation’s employees with respect to AML Due Diligence Procedures via our Deloitte Academy
•• Offering educational seminars to Boards of Directors to meet their roles and responsibilities with regard to AML

Controls Transformation & Assurance

The Controls Transformation & Assurance (CTA) service offerings focus primarily on providing clients assurance-type services focused on
financial, system, and operational internal controls. CTA services are supported by best-in-class methodologies that leverage a vast suite of
tools and analytic capabilities. Our CTA specialists focus on a number of significant areas for the organisation:

•• Enterprise Risk Management Framework gap analysis, design and implementation

•• Business model transformation
•• Target operating models design and implementation

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Our service offering includes:

•• Enhancement of the Compliance Risk Framework of Organisations in line with regulatory requirements, supervisory expectations and
best practice
•• Conduct any special tasks or projects as requested by the Board of Directors
•• Diagnostic Assessments (Gap analysis)
•• Readiness Assessments
•• Compliance Audits
•• A ssurance Reports
•• Training seminars via our Deloitte Academy
•• Support for the implementation of regulatory compliance frameworks

Cyber Risk Services

The Cyber Risk Services (CRS) practice represents some of the most complex areas of risk management businesses face today. Deloitte’s
Cyber Risk practice is widely acknowledged as the leading security consulting practice in the world, and is eminently qualified to help clients
respond to evolving cyber threats in a secure, vigilant, and resilient manner.

•• Network Penetration Testing

•• Web Application Penetration Testing
•• Wireless Networks Penetration Testing
•• Physical Security Assessments
•• Red Team Operations
•• Social Engineering Assessments

Discovery & Digital Forensics Services

The Discovery & Digital Forensics offering provides a full range of services across the forensic, discovery, and investigative lifecycles. Our
methodology includes forensic collection, handling, retention and analysis of data with specialised tools and methodologies in order to find
information and evidence relevant to an investigation.

Our service offering includes:

•• Forensic Advisory
•• Electronic Discovery (eDiscovery)
•• Document Review
•• Expert Witness support
•• Forensic Data Collections
•• Digital Forensics (i.e. Computer, Mobile and Cloud Forensics)
•• Malware Analysis Forensics
•• Incident Response
•• eDiscovery, Forensic and Incident Response Readiness
•• Forensic Analytics

Data analytics
Deloitte’s Analytics applies new strategies that leverage data for informed business decisions. Deloitte's business analytics specialists use
insight-driven methods and tools to help organizations apply insights at the point of action and then connect those insights for greater value.
Deloitte has the industry expertise, advanced analytics capability and the skills to embed analytical decision-making into key organizational
processes to maximize its value – turning everyday information into useful and actionable insights.

Our service offering includes:

•• Finance Analytics
•• Performance analytics
•• Process analytics
•• Risk and Regulatory Analytics
•• Supply Chain Analytics
•• Workforce Analytics
•• Customer and Growth analytics

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Contacts
If you require any further information on any of the issues mentioned in
this material and on how Deloitte can help you address the challenges
ahead, please do not hesitate to contact

Panicos G. Papamichael Panikos Teklos

Partner | Risk Advisory Services Leader Partner | Risk Advisory
ppapamichael@deloitte.com pteklos@deloitte.com
Direct line: +357 22 360805 Direct line: +357 22 360594

Clea Evagorou Charalambos Pitsillos

Director | Risk Advisory Director | Risk Advisory
clevagorou@deloitte.com cpitsillos@deloitte.com
Direct line: +357 22 360600 Direct line: +357 22 360689

Christos Zapitis Yiannis Ioannides

Director | Risk Advisory Director | Risk Advisory
czapitis@deloitte.com ymioannides@deloitte.com
Direct line: +357 25 868635 Direct line: +357 25 868849

Christina Themistocleous Chrysovalantis Dikomitis

Senior Manager | Risk Advisory Senior Manager | Risk Advisory
cthemistocleous@deloitte.com cdikomitis@deloitte.com
Direct line: +357 25 868612 Direct line: +357 22 360697

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