Client

A recent client for ICG has asked for assistance to proactively upgrade their compliance capabilities over the next few months.

Role

Scope of Review

1. Regulatory Framework Assessment

- Evaluate current external Acts, Regulations and other compliance obligations applicable as a listed lender and a registered managed investment provider. Highlight any missing areas and areas for improvement.
- Review our internal compliance policies and identify any missing policy areas and areas for improvement.

2. Compliance Program Evaluation

- Review and evaluate the current compliance program and operations (including the structure and resources of the compliance team).
- Identify any missing or risk areas, and/or areas for improvement.

3. Risk Assessment

- Identify and evaluate potential compliance risks and gaps across business operations.
- Identify regulations with the most material financial or reputational penalty for non-compliance or breach for prioritisation.

4. Monitoring and Reporting Mechanisms

- Examine current company-wide monitoring practices for compliance adherence.
- Evaluate reporting channels for compliance incidents and breaches.

5. Stakeholder Engagement

- Gather feedback from stakeholders, including employees, management, and external partners, on the effectiveness of the compliance function.




- Assess the relationships and communication between the compliance function and other departments

Key Deliverables

Expected Outcomes

1. Gap Identification

- List of compliance gaps, including regulatory non-compliance, insufficient training, and ineffective monitoring mechanisms.

2. Recommendations

- Develop actionable recommendations to address identified gaps and improvements.
- Provide recommendation(s) on what a company-wide compliance function could look like including structure, roles and operation.

Deliverables

- A detailed report summarizing findings from the review.
- An ongoing compliance improvement action plan.
- An optional extra to create and run a diagnostic compliance survey as part of this work

Skills and experience required

- Principal or partner level consultant at Big Four
- 10+ years’ experience in financial services compliance
- Expertise across secured and unsecured lending and cash based investment products
- Professional engagement with C-Suite executives

Logistics

Start date: Early February Duration: 3-4 Weeks

Location: The role is Sydney based

Rate: The daily rate to the consultant will be AUD$1,850 per day reflecting the seniority required

Application

Close date: No later than Thursday 16th 2025, 12-noon

📌 Consultant Gig 993–SYDNEY–Banking and Investments Compliance
🏢 Australian Compliance Institute
📍 Sydney