Client's Situation
Historical reporting risk failure, corporate risk compliance reporting inadequate, unintegrated functional approach to cross functional deals.
Our Objective
Improve the operational performance of end-to-end corporate real estate operations and concurrently establish a fully compliant SOX/BASEL risk and controls model.
What we did
- Documented processes for all activities of the entire end to end real estate work
- Analyzed planning, needs analysis, transactions and deals, project and program delivery, commissioning and maintenance for space acquisition, leasing and decommissioning
- Evaluated operational risks and rationalized the controls (introduction and removal)
- Gained acceptance of results from governance, compliance and risk group
- Developed a governance capability for both process improvement and risk management going forward.
Results
- Processes improved without creating new risks
- Eliminated unnecessary existing risks
- Changed processes to mitigate risks and establish just enough controls
- Eliminated the gaps on process documentation for regulatory reporting.
Samples Deliverables
Pain and Gain Prioritisation
Process Flow with Risks and Controls
(Non-Client data for illustration only)
