Policy & Procedure


Your senior management team's role

Your senior management team must set out your Firm’s risk policies as well as the procedures for implementing those policies. These are essential to ensure a consistent approach throughout the firm.

Driven by the risk map the policies set out the risk appetite of the firm and the priorities in managing risk. The policies can be used to communicate to all levels in the firm the importance of risk management and how it applies to everyone. It also sets out the framework within which the procedures are designed to operate.

The risk management procedures allocate responsibilities for managing risk and identify the resources available to do so. The creation of a risk register which monitors and controls risks is part of this process.

An essential part of this is creating the reporting structure ensuring that senior management is regularly updated on the effectiveness of the firm’s risk management policies and procedures.


What can CCL do to help?

We can work with you in the creation of these policies, specific to the idiosyncratic risks that face your Firm and guide you in the implementation of those policies via effective procedures. Where required, CCL can conduct independent reviews of the effectiveness of the policies and procedures.  

We have a dedicated team of experienced compliance consultants who can provide expert assurance and peace of mind. Get in touch to see how we can help your Firm.