GENESIS RISK CONSULTING
transforming governance, risk and compliance
- Expert advice for organizations seeking to cut through the noise and integrate risk as an enabler for business strategy
- Innovative risk-based approach to optimize governance and operating models
- Tailored solutions to address unique governance, risk and compliance (GRC) needs
EXPERT
ADVICE
- 20+ years of experience in Canadian financial services industry
- Extensive expertise in all three lines of defence: front-line business, compliance, governance & controls, risk management, internal audit
- Established partnerships with financial industry stakeholders and regulators
INNOVATIVE RISK-BASED APPROACH
- Demystifying regulation to uncover business impacts
- Balanced approach to proactively integrate risk mitigation with business objectives
- Systematic methodology to strengthen the effectiveness of governance, risk and compliance frameworks
TAILORED
SOLUTIONS
- Innovative thought leadership to enhance risk framework and internal controls
- Technology enablement to automate, strengthen and simplify processes and controls
- Tailored strategic solutions ’right-sized’ to fit your organization’s risk appetite
- Internal Audit: evaluate and enhance new or established internal audit functions, including strategy, methodology, resourcing, and technology.
- Program Risk Management: oversee the design, delivery and sustainability phases of critical and complex programs and change initiatives to achieve desired outcomes.
- External Review Management: provide independent oversight of external regulatory reviews and audits, including executive interview preparation and pre-submission review of artifacts.
- Operational Risk Management: streamline fragmented risk processes, controls and oversight, and implement an optimal three lines of defence model.
- Enterprise GRC Enablement: transform enterprise risk management efforts through meaningful integration and automation of governance, risk and compliance programs and processes.
- Third-Party Risk: develop new and strengthen existing framework, processes and controls for on-going governance of third-party relationships.
- Compliance Transformation: transform compliance function and navigate the ever-changing regulatory landscape with a proactive and integrated compliance framework, regulatory change management and risk assessment processes and controls.
- Remediation: address gaps to comply with regulatory requirements, including anti-money laundering (AML/ATF), anti-bribery/anti-corruption, compliance, consumer protection, corporate governance, ethics, risk, fraud, and whistleblowing.
- Conduct: launch and strengthen oversight with programs to identify, monitor and manage sales misconduct, enabling a strong culture to help restore trust.
Examples of Our Successes
- Led a major Canadian bank through early days of addressing Financial Consumer Agency of Canada (FCAC) industry sales practices review findings. Built a new 2nd line of defence sales practices & conduct oversight team to strengthen Compliance oversight activities related to Canadian retail consumer protection provisions.
- Introduced a global third-party risk management framework through creation of a new third-party governance 2nd line of defence function, supported by policy, processes and tools for on-going oversight and effective challenge. Developed a comprehensive independent assessment model for outsourced service providers.
Championing Innovation – Challenging Status Quo
- Launched a comprehensive regulatory compliance management (RCM) framework and led development of an in-house solution for a repository of all applicable regulatory requirements (current and upcoming, globally).
- Introduced integrated auditing methodology (end-to-end audit of a product, service or process) designed to capture risks related to multiple control hand-offs typically not in scope of standalone audits.
- Provided strategic direction to streamline testing and support activities for retail Governance & Controls (1B line of defence), and elevated senior management reporting through use of data to highlight on-going status of compliance with policies.
Leveraging Technology as a Competitive Advantage
- Transformed regulatory complaints oversight through collaboration with data scientists to pilot a machine learning model to enable early identification of potential regulatory issues in customer complaints and analysis of trends and systemic issues.
- Established a continuous monitoring and auditing model for retail branches by introducing data analytics and remote testing capability, resulting in a more comprehensive audit opinion and a fundamental shift in audit methodology.
- Enhanced and automated risk assessment methodology through enterprise governance, risk and compliance (eGRC) tool to support horizontal and vertical data aggregation (by risk level, risk theme, business, region, etc.).
About Us
TINA MITHRA
FOUNDER | CEO
Tina Mithra is a trusted banking executive with over 20 years of leadership experience in the Canadian financial services industry. She has extensive expertise in all three lines of defence, including front-line business, compliance, risk management, governance and controls, and internal audit.
As a transformational leader, Tina has a solid track record of successfully integrating business objectives and risk mitigation through an innovative approach and tailored solutions. She is a visionary and dynamic change agent with the proven ability to rally diverse stakeholder groups to support a shared directive.
Highlights
- Held leadership roles at a major Canadian bank’s internal audit, governance, risk management, and compliance functions
- Recognized throughout career for thought leadership and innovative approach to integrating risk as an enabler for business strategy, with a focus on elevating the client experience
- Built high performing teams through focused talent management strategies driven by a passion for cultivating a culture of empowerment, diversity and inclusion
- Strengthened relationships with key prudential and conduct bank regulators, including OSFI and FCAC
Noteworthy Credentials
- Master of Business Administration
- Chartered Financial Analyst (CFA) Charterholder
- Chartered Professional Accountant (CPA, CMA)
- Accredited Outsourcing Practitioner
- Certified Internal Auditor
- Certification in Risk Management Assurance
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