CDF Advocates

Risk Management and Internal Audit 

Under MiFID, investment services firms require a compliance, risk management and internal audit process. The CDF team is able to assist your firm to establish the documentation and procedures required by MiFID, verify observance with the established procedures and also train personnel in these areas.

In particular we have the necessary skills to assist investment services firms to draw up their Risk Management and Internal Capital Adequacy Procedures (RMICAAP) as well as implement Standard Risk Return Indicators (SRRI) and Key Investor Information Documents (KIID) for UCITS funds and fund managers.

In addition we can also assist in all aspects of Financial Risk Management and Operational Risk Processes. Through our qualified internal auditors we can also assist in establishing an internal audit programme, provide members for Audit and Risk Committees and provide training to selected staff.

Our Methodology

1. Knowledge transfer

  • Explaining the general principles
  • Addressing practical matters
  • Pointing out operational issues

2. Review and Gap Analysis

  • Assessing existing processes and procedures
  • Conducting an in-depth investigation
  • Identifying gaps/benchmarking
  • Providing concrete solutions

3. Documenting procedures

  • Transferring expertise
  • Providing operational guidelines
  • Ensuring proper documentation

Our experienced professionals are members of the Malta Association of Risk Management and internationally qualified in financial management, risk management and audit management.

Liquid Studios Ltd.