Every organisation depends on reliable data. Managed well, it will drive revenue, reduce costs and mitigate risk. Managed poorly, it can lose customers, inflate costs and expose business to unbound levels of risk.

Deloitte’s Risk Analytics team have a broad ranging series of data services to deal with industry-specific data issues using industry leading tools to help our clients understand their data and then, in the light of the difference between what it is and what it needs to be, specify and implement appropriate activities, technology and controls to make their data fit for purpose.

The legislation of recent years has put data governance firmly in the spotlight with Sarbanes-Oxley, sanctions screening, data protection and more, driving regulators’ focus on the data management process and associated controls. Deloitte’s Risk Analytics team includes regulation subject matter experts to help our clients understand both what data governance is expected and how this can be achieved.

We understand the challenges organisations face in implementing new legislation such as the General Data Protection Regulation (GDPR) and we have built our privacy services on providing solutions to these key challenges. 

Reducing financial crime remains a key priority for regulators, authorities, governments and organisations globally. In Ireland, the regulatory and legislative environment means it is vital for financial institutions to ensure they are managing their financial crime risks in a robust and demonstrable manner. There are a number of key areas of focus including; the use of Anti Money Laundering Technology, the need for Sanctions Assurance and Optimisation and the critical role played by data quality in the detection and prevention of financial crime. Deloitte’s Risk Analytics team have financial crime expertise across all relevant areas including risk strategy and assessment, policy and procedure definition and benchmarking and process and technology optimisation. Find out more about the services Deloitte provides to help you prepare for and react to financial crime risk.

The risk landscape is continually evolving and, in an increasingly complex, automated and IT driven world, it is essential that organisations are able to monitor and alert themselves to key risk events when they occur. Key risks take many forms in an organisation e.g. data quality, information security and external reporting compliance risks. Many clients are seeking cost effective ways to build and operate ‘control safety nets’ around such risks.

To implement and govern such risk monitoring activities can be time consuming and error prone without the use of technology, such as data analytic platforms and workflow solutions. Our teams deep and thorough understanding of underlying risk and control issues, combined with our knowledge of technology and analytic skills, uniquely helps us to identify high priority risk areas in out clients businesses and explore those risks using our clients’ data.