ARROW FRAMEWORKER
The Consulting Consortium believes ARROW Frameworker is the most comprehensive risk assessment tool available within the UK.
In accordance with FSA rules, all firms must satisfy themselves that their systems and controls are adequate and indeed appropriate to their business activities. The Consulting Consortium offers an effective, proven approach to optimising your ability to assess risk.
The Compliance ARROW Frameworker has been designed to enable firms to undertake a holistic assessment of its systems and controls and thus identify areas where compliance risks could crystallise. The product is designed to be scalable and used within business divisions to report their progress centrally. This is a cost effective way to validate your exposure to risk.
The ARROW Frameworker provides a central repository for holding evidence to demonstrate compliance with the FSA standards against each outcome. The system is web based making it easy to use from any location and has no requirement for any IT.
Using the ARROW Frameworker firms will be able to gather information together with supporting evidence in order to facilitate a high level gap analysis on the systems and controls within the firm. The assessment and the conclusions reached can feed in to the firm’s overall risk management framework. This is a far more cost-effective way of mitigating risk than by using disparate systems.
The ARROW Frameworker assessment follows the FSA’s requirements on systems and controls covering areas such as:
- Senior Management Arrangements
- Risk Management Systems and Controls (Prudential and Operational Risk)
- Liquidity Risk
- Credit Risk
- Market Risk
- Insurance Risk
- Group Risk
- Solvency II
To arrange a demonstration or find out how we can help you please contact us on 020 3008 6020 or email info@theconsultingconsortium.com.
