Lysis’ CLM consulting services include Target Operating Model (TOM) definition, systems and data source selection and implementation and CLM process efficiency improvements.We also have the necessary skills and experience to assist your firm to compile, review and optimise FC controls across the entire CLM process since we focus on the overall chain of client activities. The objective is to encourage retention, improve customer experiences, and maximise profitability for the firm while remaining fully compliant.
Lysis’ CLM consulting services include Target Operating Model (TOM) definition, systems and data source selection and implementation and CLM process efficiency improvements.We also have the necessary skills and experience to assist your firm to compile, review and optimise FC controls across the entire CLM process since we focus on the overall chain of client activities. The objective is to encourage retention, improve customer experiences, and maximise profitability for the firm while remaining fully compliant.
Lysis’ CLM consulting services include Target Operating Model (TOM) definition, systems and data source selection and implementation and CLM process efficiency improvements.We also have the necessary skills and experience to assist your firm to compile, review and optimise FC controls across the entire CLM process since we focus on the overall chain of client activities. The objective is to encourage retention, improve customer experiences, and maximise profitability for the firm while remaining fully compliant.
The difference between the two
A health check refers to a high-level review of the design of a framework and can identify major problem areas in a framework. A maturity assessment is more advanced and provides a detailed review of a firm’s framework which includes the testing of the effectiveness of the framework itself.
Health Check
Maturity Assessment
Review of policies relating to relevant regulations
Review of policies relating to relevant regulations
High Level mapping of policy to regulatory obligations
Detailed mapping of policy to regulatory obligations
Review all procedures relating to operational controls and map these back to the policies
Review all procedures relating to operational controls and map these back to the policies
High Level review of the regulatory framework covering relevant systems, processes and ensuring that governance is in place in order to meet current regulatory requirements
High Level review of the regulatory framework covering relevant systems, processes and ensuring that governance is in place in order to meet current regulatory requirements
High level review of all procedures and documents describing controls and processes (excludes control testing)
Review of all procedures, controls and processes including detailed controls testing.
Carrying out a sample review of the operational outputs (files, reports etc.) in line with current policy and procedures
Reviewing any risk methodologies applied in relation to the specific regulations
Reviewing and testing any monitoring programme - this will include system profiling and reviewing parameters, as well as sample checking the outcome.
Reviewing the firm’s reporting (regulatory reporting, SARs, STORs etc) and monitoring controls
Reviewing and testing the internal and external data inputs to the process and on-going review and escalation processes
Brief review of systems which the firm uses to benchmark to best practice
Brief review of systems which the firm uses to benchmark to best practice
Reviewing the training programmes
Reviewing the training programmes
Reviewing the data retention/record keeping arrangement in relation to its obligations
Reviewing the data retention/record keeping arrangement in relation to its obligations
Meeting with personnel in the 1st and 2nd line of defence to understand the processes they undertake and to ascertain the level of understanding of the regulatory requirements within
Presentation of detailed findings in report format
Presentation of detailed findings in report format including an assessment against the maturity of processes amongst similar firms in the market (market benchmarking) and its suitability for the firm's business mix and risks.
