Self-Funding Operations Transformation
Enabling an effective structure resulted inm 25% cost out, 50% in service level uplift and a 50% reduction in complaints, operational risk e
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Risk, Assurance & Regulatory Compliance
Viewing risk from a fresh angle can provide a strategic edge and build confidence and trust in the organisation. Synerga can help you to identify and manage risk across all aspects of your business in a sustainable manner.
We are risk advisory professionals
We work with all types of risk from delivery, operational and Regulatory change. Our deep experience and practical approach to understanding and managing risk strategies will guarantee you are well prepared.
Program Assurance from a risk perspective
Delivered risk is an important consideration for any organisation. It is important to assess how a program of change can impact the overall risk landscape of your organisation.
We provide a practical approach to managing risk across programs that provides balance between addressing past risk while focusing on changes in flight.
Risk Identification
Risk Measurement
Risk Control
Risk Reporting
We perform a desktop assessment on identified risks and map to delivered risks to form a clear view
We work with you to assess the likelihood and impact based on the existing controls you have in place
We work with your risk SMEs to assess existing controls and determine the action plans for risks with high / red ratings
We enable the appropriate level of risk reporting to assist with monitoring exposure and actions to delivered risk
Structure your APRA regulatory response
We can provide you with the approach and guidance to respond to desktop and/or onsite APRA reviews.
Having participated in numerous APRA responses in the past, Synerga brings a solid baseline plan and set of templates that can be adapted to the needs of your business.
Topic
APRA Expectations
Artefact Alignment
Governance &
Decision Making Model
Technology Strategy
Technology Operating Model & Organisational Structures
Technology Infrastructure & Architecture
| Completeness & alignment
| Strong & effective governance
| Operational risk profile & resilience
| Alignment of technology strategy to operational strategy
| Supporting technology and organisational strategy
| Alignment to systems, people, processes & controls
| Effectiveness of the operating model
| Technology estate health and prioritised, approved plan to remediate
| Architectural maturity
| Operational Risk Management Framework
| Board, Management & Technology governance documentation
| Minutes & Decisions from key governance forums
| Strategic roadmap
| Technology strategic plan
| Current FY approved investment slate
| Review and approval processes through management and board forums for the technology strategic plan
| Operational model review documentation
| Review & approval processes for the technology target operating model
| Assurance processes for the technology target operating model and their implementation
| Architectural reviews of the technology estate
| Architectural documentation covering data, systems, target technology, principles and supplier / product lists
| Artefacts that demonstrate the use and application of architectural standards
Address regulatory change, sustainably
Synerga works with our clients to establish robust foundations for sustainable regulatory compliance, empowering our clients to confidently adhere to regulations while achieving optimal business outcomes.
Consider
What Sustainable Compliance Looks Like
The Opportunity
Product Strategy
Regulatory Compliance
Policies & Frameworks
Adequacy of policies & frameworks
Processes & Controls
Alignment to your TMD promises
Organisational Structure
Effective engagement and capabilities
Supporting Infrastructure
Alignment of technology to support compliance
| Product Strategy accurately reflects product promises & completely meet regulatory requirements
| Policy & frameworks that integrate compliance into the existing product governance lifecycle
| Clearly defined roles & responsibilities, translated into processes & controls that are actually applied
| Ongoing processes that are regulatory compliant whilst also being commercially sustainable
| Technology that supports compliance is maintained & updated
| Market competitive products
| Cost-Out & simplification through product and distribution simplification & transformation
| Customer benefit through products that are customer centric by design
| Risk & regulatory reduction of risk exposure due to effectively implemented product change, product governance & oversight
Our Client Success Stories
How can we help?
Let us know how we can help you achieve your delivery outcomes
George Knight
Prior to Synerga, George co-founded Credas Solutions, a consulting business that in 4 years grew from start-up to more than 70 people serving some of the largest financial services companies in Australia. George is a lawyer, who has a proven record leading large scale programs across banking, super, wealth and remediation.
Principal
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