A well-structured, diligent compliance programme is a critical part of maintaining an AFSL and the industry is becoming increasingly aware of the impact that governance is having on business continuity and reputation. Paragem’s understanding, experience and pragmatism ensures you will obtain the best advice in the industry.
The compliance and risk management services provided by Paragem Dealer Services include:
- AFSL application and variation;
- Licensee review, identifying compliance and operational risks, testing the application of control measures and proposing strategies to ensure that the licensee has adequate processes and procedures in place to protect their business;
- Policies and Procedures manual, tailored to your business needs;
- Guidance notes on compliance related matters;
- Phone and email support;
- Compliance activity management and assistance;
- Financial Services Guide (FSG) and Statement of Advice (SoA) Templates;
- Responsible Manager induction, coaching and mentoring;
- Representative reviews, comprehensive or audit-style, including on-site file reviews and adviser coaching;
- Representative coaching and remedial activity;
- Complaint and breach management;
- Process, policy, procedure and document template review and maintenance;
- Pre and post vetting of files (ad-hoc file reviews outside of the formal representative review programme);
- Compliance management reporting to the Board, Executives, Responsible Manager(s) or Compliance Committee of the Licensee
By taking advantage of these services you can expect to receive:
- Collective experience and expertise from our team of specialist consultants to continuously test boundaries and refine processes and checklists;
- Pragmatic commercial advice and solutions on how to avoid or rectify breaches;
- Increased confidence that your obligations as an AFS licensee are being met;
- Lower total cost compared to retaining similar expertise in-house
