Risk Management & Compliance BPM Services
Overview
WNS’ Governance Risk & Compliance services encompasses the landscape of risk and compliance imperatives for financial institutions, corporates and professional services firms, leveraging the power of
- Domain knowledge through a team of ACAMS, CFEs and professionals with experience and expertise in risk identification, monitoring & reporting across diverse risk categories including credit, market, operational risk and financial crime.
- Intelligent Automation leveraging cognitive solutions, robotics process automation as well as advanced analytics to strengthen sampling & optimizing transaction volumes
- API-based Database & AI-based Identity verification leveraging our industry-leading regtech partnerships
Key Features
Our areas of expertise:
Financial Crime Compliance -
Anti-Money Laundering Compliance (AML)
- Customer due diligence (CDD) and Know-Your-Customer (KYC Checks)
- Customer risk assessment
- Continuous KYC monitoring leveraging advanced analytics
- Enhanced due diligence (EDD)
- Ultimate beneficial ownership (UBO) detection
- Politically exposed persons (PEP) & Sanctioned entity check
- Negative news screening
- Vulnerable transaction monitoring
- Transaction investigations
- Trade Finance Money Laundering Screening
- Suspicious Activity Report (SAR) filing support
Fraud Monitoring
- Customer identity fraud detection
- Vulnerable transaction monitoring
- Transaction investigations & link analysis
- Fraud modeling
- Dispute Management
- Fraud resolution support
Know Your Vendor (KYV) Compliance/ Third Party Risk Management
- Vendor identity & background check
- Ultimate beneficial ownership (UBO) detection
- Politically exposed persons (PEP) & Sanctioned entity check
- Negative news screening
- Vendor onboarding support
- Vendor monitoring
Capital & Liquidity Management -
Risk Analytics
- Risk Model building – credit risk, market risk, operational risk & fraud detection
- Model Validation as a service
- Model recalibration
- Model governance
Risk Monitoring & Reporting
- Basel II – Pillar I risk weighted asset measurement and reporting
- Basel II – Pillar II capital computation
- Basel II – Pillar III reporting
- CCAR – Capital measurement
- Stress testing
Asset liability Management
- Liquidity monitoring & reporting
- Interest rate risk measurement & reporting
- ALM Modeling & reporting
- Stress testing
Governance Services -
Enterprise & Operational Risk Management
- Risk & control library documentation
- Periodic risk & control assessment
- Remediation planning & monitoring
Internal Audit Services
- Audit sampling leveraging advanced analytics
- Periodic process audits
- Remediation planning & monitoring
SOX Compliance
- Process documentation
- Risk & Control library formation
- Control design testing
- Control effectiveness testing
- Reporting
Information Security Risk Management -
Security Monitoring
- User activity monitoring
- Alert services
- Threat monitoring
- DLP monitoring
Security Analytics
- SIEM event correlation & analysis
- Security intelligence based on suspicious patterns,
- Network flow analysis
Security management
- System hardening
- Identity & Access Management
- SIEM Management
- Device Management
- Threat advisoryand Incident Management
Scanning Services
- Vulnerability assessment
- Penetration testing
- Application security scanning
Assessment Services
- Security and privacy assessments
- Sensitive information profiling
- Source code reviews,
- Network Security Architecture Review
- Configuration
All the above services, are powered by a range of in-house & partner transformation solutions including:
- Intelligent automation solutions for automating routine transactional tasks
- Analytics solutions for increasing process efficiency & control
- Machine learning solutions for partially automating judgmental tasks
- Database solutions for accessing global information to facilitate decision-making
Key Benefits
Some of the benefits delivered are:
- Enhanced risk management while reducing costs by more than 50% for a leading US bank
- Reduced false positives by over 20% and still improving through re-building of predictive models for fraud detection & AML transaction monitoring for a leading US bank