Risk Management & Compliance BPM Services

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WNS’ Governance Risk & Compliance services encompasses the landscape of risk and compliance imperatives for financial institutions, corporates and professional services firms, leveraging the power of

  • Domain knowledge through a team of ACAMS, CFEs and professionals with experience and expertise in risk identification, monitoring & reporting across diverse risk categories including credit, market, operational risk and financial crime.
  • Intelligent Automation leveraging cognitive solutions, robotics process automation as well as advanced analytics to strengthen sampling & optimizing transaction volumes
  • API-based Database & AI-based Identity verification leveraging our industry-leading regtech partnerships

Key Features

Our areas of expertise:

Financial Crime Compliance -

Anti-Money Laundering Compliance (AML)

  • Customer due diligence (CDD) and Know-Your-Customer (KYC Checks)
  • Customer risk assessment
  • Continuous KYC monitoring leveraging advanced analytics
  • Enhanced due diligence (EDD)
  • Ultimate beneficial ownership (UBO) detection
  • Politically exposed persons (PEP) & Sanctioned entity check
  • Negative news screening
  • Vulnerable transaction monitoring
  • Transaction investigations
  • Trade Finance Money Laundering Screening
  • Suspicious Activity Report (SAR) filing support

Fraud Monitoring

  • Customer identity fraud detection
  • Vulnerable transaction monitoring
  • Transaction investigations & link analysis
  • Fraud modeling
  • Dispute Management
  • Fraud resolution support

Know Your Vendor (KYV) Compliance/ Third Party Risk Management

  • Vendor identity & background check
  • Ultimate beneficial ownership (UBO) detection
  • Politically exposed persons (PEP) & Sanctioned entity check
  • Negative news screening
  • Vendor onboarding support
  • Vendor monitoring

Capital & Liquidity Management -

Risk Analytics

  • Risk Model building – credit risk, market risk, operational risk & fraud detection
  • Model Validation as a service
  • Model recalibration
  • Model governance

Risk Monitoring & Reporting

  • Basel II – Pillar I risk weighted asset measurement and reporting
  • Basel II – Pillar II capital computation
  • Basel II – Pillar III reporting
  • CCAR – Capital measurement
  • Stress testing

Asset liability Management

  • Liquidity monitoring & reporting
  • Interest rate risk measurement & reporting
  • ALM Modeling & reporting
  • Stress testing

Governance Services -

Enterprise & Operational Risk Management

  • Risk & control library documentation
  • Periodic risk & control assessment
  • Remediation planning & monitoring

Internal Audit Services

  • Audit sampling leveraging advanced analytics
  • Periodic process audits
  • Remediation planning & monitoring

SOX Compliance

  • Process documentation
  • Risk & Control library formation
  • Control design testing
  • Control effectiveness testing
  • Reporting

Information Security Risk Management -

Security Monitoring

  • User activity monitoring
  • Alert services
  • Threat monitoring
  • DLP monitoring

Security Analytics

  • SIEM event correlation & analysis
  • Security intelligence based on suspicious patterns,
  • Network flow analysis

Security management

  • System hardening
  • Identity & Access Management
  • SIEM Management
  • Device Management
  • Threat advisoryand Incident Management

Scanning Services

  • Vulnerability assessment
  • Penetration testing
  • Application security scanning

Assessment Services

  • Security and privacy assessments
  • Sensitive information profiling
  • Source code reviews,
  • Network Security Architecture Review
  • Configuration

All the above services, are powered by a range of in-house & partner transformation solutions including:

  • Intelligent automation solutions for automating routine transactional tasks
  • Analytics solutions for increasing process efficiency & control
  • Machine learning solutions for partially automating judgmental tasks
  • Database solutions for accessing global information to facilitate decision-making

Key Benefits

Some of the benefits delivered are:

  • Enhanced risk management while reducing costs by more than 50% for a leading US bank
  • Reduced false positives by over 20% and still improving through re-building of predictive models for fraud detection & AML transaction monitoring for a leading US bank

Product/Service details