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Canadian companies are under growing pressure to rethink their approach to compliance management. An ever-increasing burden of regulatory requirements, scarcity of skilled talent, new regulatory pressures and escalating costs often force organizations to take a decentralized and reactive approach to compliance. This hinders their ability to continuously monitor compliance, track regulatory updates and conduct proactive analyses—all of which raises the risks of financial penalties and reputational damage.
Organizations that change the way they think about compliance and the role of managed services have an opportunity to adopt a more dynamic framework that’s aligned to their risk appetite. They can gain real-time visibility and insights into upcoming laws and regulatory changes to allow them to have their voices heard, unlock efficiencies, expand capabilities and accelerate strategic outcomes through the right technology and talent. This helps create a new culture of compliance within their organization and frees up resources for higher-value activities.
At PwC Canada, our approach to managed services goes beyond traditional outsourcing arrangements. We combine advanced technologies, including artificial intelligence, with our human judgment and expertise to solve complex compliance challenges and implement an efficient, robust compliance program.
We do more than identify and test regulatory-focused controls. Our approach helps streamline compliance processes and continuously strengthens your regulatory compliance monitoring program. We know and understand key regulatory requirements and can help alleviate the burden on your organization using skilled resources and industry-leading technologies.
Our community of solvers blends industry knowledge, business acumen and technical expertise by bringing together risk management, legal, regulatory compliance and technology specialists. These combined competencies let us collaborate across key functional areas and bring your compliance program to realization—moving from advice to action across your entire business.
Our flexible approach is tailored to your unique needs. We help you build a technology-powered regulatory compliance program you can stand behind. We help you operate more efficiently and expand your capabilities with trusted collaboration that keeps you in control and further strengthens your regulatory compliance foundation.
We can assess your business scope, activities and legal entities to compile and regularly update a list of laws and regulations that could apply to your organization. We can help you evaluate the inherent risk of these requirements based on your organization’s regulatory risk assessment methodology.
We can help you keep pace with the expanding compliance and regulatory landscape through ongoing and technology-enabled identification of required changes to regulatory controls with stakeholders from across your business.
Regular compliance testing can help make sure controls aimed at complying with regulatory and legislative requirements are designed and operating effectively. Our technology platform lets you track stakeholders’ responsibilities, tasks and compliance testing activities and results. Our solution can feed the testing results into different in-house governance, risk and compliance (GRC) systems.
We combine our experience navigating regulatory expectations with our industry insights to help you develop and compile information for key regulatory reporting using automation and quality assurance checks. We can also develop dashboards and management reporting for key regulatory compliance program elements for your board and senior management.
We use our in-depth knowledge of the end-to-end third-party lifecycle to provide comprehensive and efficient services and support related to risk assessments, control assessments and ongoing monitoring. Through our multidimensional services, we can build on your existing technologies or help put the right industry-leading solutions to work for you.
Partner and National Enterprise Risk Management and Operational Resilience Leader, PwC Canada
Tel: +1 514 290 2809
Director, FS Regulatory Compliance, Third Party Risk Management Lead, PwC Canada
Tel: +1 647 286 1972