Risk Assurance

Our Risk Assurance practice helps clients identify and manage their risks.

Today’s business environment is more complex than ever. More automated. More connected. More virtual. With these advances comes opportunity, but also risks.

Are your risks under control?

We work with all levels of defence: Operational management, Risk and compliance, Internal audit, and your governors to help you ensure that your risks have been properly identified, assessed and managed.

  • Does your risk assessment take into account new threats to your business?
  • Planning a major transformation project? Are you comfortable you have the proper project management oversight?
  • How effective is your cybersecurity programme?
  • Have you evaluated the risk associated with the automation or AI you have put in place?
  • Are you concerned about the quality of your reporting and KPIs?
  • Are you comfortable that your oversight model can properly detect issues at your service providers?
  • All this regulatory reporting…. are you sure your data is accurate?
  • Have you considered the impact any number of crises could have on your business?

Controls, Governance & Operational Risk

Your challenges

Are you going through changes within your operations − expansion of services, building up substance, or a more transformational change? Or perhaps you are just wondering whether you should be and are looking for increased efficiency.

You would not be alone. Many of our clients are challenging their operational structures as a result of changes in their strategy as well as stakeholder demand.

Our solution

Our Risk Assurance group has a specialised team of experts that help clients address their changing risks, including enhancing efficiency through automation, assessing gaps in your control design, and ensuring your oversight model is equipped for the complexity of your business model.

Contact:

Toufik Chaib
+352 49 48 48 2335
toufik.chaib@lu.pwc.com

Internal Audit

At PwC, we are driving Internal Audit innovation, merging the skills of our people with a robust, cutting-edge Internal Audit approach and state-of-the-art technology.

Contacts:

Pierre-François Wéry
+ 352 49 48 48 2017
pierre-francois.wery@lu.pwc.com

Alexandre Lambin
+352 49 48 48 4226
alexandre.lambin@lu.pwc.com

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Anti-Money Laundering

2019 has definitely been a challenging year with different legislative and regulatory changes. The transposition of the 4th and 5th Directives, in line with the concentration of international efforts to fight money laundering and financing of terrorism, will keep compliance officers busy. Then of course there is the visit of the FATF to assess Luxembourg. All this puts AML once again in the spotlight.

How we can help

  • Review internal policies and procedures to identify gaps in the implementation of the new regulations.
  • Provide support around RBE and the new beneficial owner obligations.
  • Provide support in amending risk assessments to address regulatory requirements.
  • Remediate client portfolios in order to be compliant with regulations.
  • Organise training sessions on how to prepare for the FATF visit, including dry run interviews with key people.

Contact:

Birgit Goldak
+352 49 48 48 5687
birgit.goldak@lu.pwc.com

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Digital Trust

Your challenges

As the business environment becomes more complex, resilience continues to climb the agenda of organisations. There has been countless examples of businesses brought to their knees by a lack of foresight or poor crisis management. These events highlight the shortcomings of traditional risk management and lack of capabilities, tools and approach in organisations needed to survive and prosper in an age of uncertainty. Business resilience builds on the principles of business continuity but extends much further to help enhance your organisation’s immune system so you are able to tackle challenges, fend off illness and bounce back more quickly.

Our solution

We use our practical experience to help organisations build resilience solutions that work in practice, applying this through all our services, from capability reviews to crisis rehearsals. Using the resources of the whole company and expertise of your industry we can help you integrate resilience into a wider business context, ensuring you are confident and ready to face the storm.

Contact:

Thomas Wittische
+352 49 48 48 4181
thomas.wittische@lu.pwc.com

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Business Resilience

The Covid-19 outbreak has been declared a public health emergency of international concern by the World Health Organization, causing huge impact on people's lives, businesses and communities.

We know that organisations are facing several potentially significant challenges to which they need to respond rapidly.

We are working closely with local and global organisations to help them in preparing and responding to this novel situation.

Our experience in working with companies, governments, regulators, NGOs and international organisations around the world proves to be an invaluable strength in these situations. PwC globally has been actively involved in the crisis management of some of the most high-profile outbreaks in the last decades (including Ebola, MERS, SARS and the bird flu).

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Contact us

Serene Shtayyeh

Risk Assurance Leader, PwC Luxembourg

Tel: +352 49 48 48 2115

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