Oceanwalk Consulting focuses on regulatory compliance within financial services, with specific expertise in financial markets. We have extensive experience within financial services in tracking rules and rule changes, building and managing regulatory change projects, and implementation of new or changed rules into the policies, procedures and controls in a financial services organization.
We also have extensive experience in resolving regulatory exam issues and other regulatory findings, including both the development and implementation of resolution strategies, as well as several internal audit engagements to confirm implementation prior to presentations to regulators.
However, we consider our true value for a firm is often the prevention of those issues and findings by anticipating change and/or testing the compliance environment, as the most effective and cost-efficient approach to mitigation of regulatory risk within an organization is to establish a preemptive compliance culture, and provide stakeholders with the correct tools to ensure compliance.
This approach involves an understanding of relevant rules across numerous laws and regulatory entities, the ability to reflect those rules in firm policies in a simple, readable manner, the development of procedures to allow the firm to comply with their policies, creating effective supervision and accompanying controls to ensure compliance with the policies and procedures, and developing effective training for all of the above.
Key to the Oceanwalk approach is to involve all stakeholders in a firm from the outset. This approach, which we have not found across the industry, has proven to provide vast efficiencies, reduce the cost of remediation and result in significantly better outcomes. As one client has noted, “Building bridges and getting buy-in across stakeholders is Oceanwalk’s significant added value.”
Oceanwalk partners with financial services firms as well as consulting partners to transition firms to new regulatory regimes, as well as analyze a firm’s compliance with current rules and regulations.