One of the key challenges for an AIM organisation moving to Main Market is being able to manage the more stringent regulatory requirements within Main Market impacting both your business processes, and your risk management and governance frameworks, in a cost effective and efficient manner.
As a Main Market organisation, it is essential that your operational risk management framework not only meets current regulator expectations, but can adapt to manage changing processes and emerging risks, supporting your organisation to execute its strategic growth plans in an ever evolving regulatory and risk environment.
Your organisation needs a robust operational risk management framework that can be relied upon to identify appropriate risks and issues, and then effectively manage these.
1st Risk Solutions can provide a tailored, independent review of your current operational risk and governance framework and assess all elements against regulator expectations and best practice.
We will provide clear, simple guidance of the improvements required to obtain a ‘fit for purpose’ framework that meets both the needs of your growing organisation, and regulatory requirements. In addition, we will provide guidance on steps that could be taken in the future to achieve best practice.
Embedding a best practice operational risk management framework in your Main Market organisation not only ensures you meet regulator expectations, but it can also:
- Result in business process efficiencies
- Reduce headcount in 1st line risk management, and also 2nd Line of Defence central risk and compliance function
- Lower your operational losses
- Future proof against impending regulatory requirements, thereby reducing further cost for the organisation
- Support you with personal responsibilities as per the Senior Manager Regime
Contact 1st Risk Solutions to find out how we can assist you in making the smooth, effective and efficient transition from AIM to Main Market.