Risk Management & Compliance BPM Services

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

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

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