Question 1

Why is MaRisk Readiness more than just a regulatory obligation for the executive level, and how does ADVISORI support proactive compliance strategies?

Accepted Answer

For the executive level, MaRisk Readiness represents far more than mere compliance with supervisory requirements; it is a fundamental element of forward-looking corporate governance and sustainable risk strategy. The Minimum Requirements for Risk Management (MaRisk) provide the structural framework for robust governance that generates competitive advantages and strengthens corporate resilience far beyond regulatory conformity.🔍 Strategic Dimensions of MaRisk Readiness for the Executive Level:• Risk-intelligent decision-making: Proactive MaRisk compliance enables data-driven decisions based on a comprehensive understanding of risk positions and the control environment.• Enterprise-wide risk transparency: MaRisk-compliant processes create the foundation for a holistic understanding of risk across business areas and hierarchy levels.• Efficiency gains through integrated control systems: Harmonization of risk management, compliance, and business processes reduces redundancies and optimizes resource deployment.• Reputation protection and stakeholder trust: A demonstrably solid governance structure strengthens the confidence of investors, customers, and regulators.🛡️ The ADVISORI Approach for Strategic MaRisk Readiness:• Holistic assessment: We analyze not only formal compliance but evaluate the effectiveness of your governance structures in the context of your specific business strategy and risk appetite.• Future-oriented gap analysis: Identification of not only current compliance gaps but also potential future requirements due to regulatory developments and market changes.• Integration into business strategy: We position MaRisk not as an isolated compliance function but as an integral part of your corporate strategy and value creation.• Executive-level reporting: Preparation of management-ready reports that translate complex regulatory requirements into strategic decision bases.

Question 2

How do we quantify the ROI of an investment in ADVISORI's MaRisk Readiness Services, and what contribution do these make to process efficiency optimization?

Accepted Answer

The investment in well-founded MaRisk Readiness with ADVISORI is not merely a compliance expenditure but a strategic investment with measurable Return on Investment (ROI). For the leadership level, this added value manifests both in avoiding regulatory risks and in significantly increasing operational efficiency and organizational resilience.💰 Measurable Value Contributions and Financial Impact:• Reduction of regulatory sanctions: Proactive MaRisk compliance minimizes the risk of supervisory measures that can cause direct costs (fines) and indirect costs (special audits, capital surcharges).• Optimization of process costs: Through the integration of control and business processes, redundancies are eliminated - our clients report efficiency gains of 15-25% in affected areas.• Reduction of operational losses: A robust risk management infrastructure demonstrably leads to a reduction in operational losses of up to 30% through early risk identification and mitigation.• Reduction of compliance follow-up costs: Structured implementation avoids costly ad-hoc measures in response to supervisory findings and significantly reduces resource expenditure for rework.📈 Strategic Value Drivers and Efficiency Potentials:• Accelerated decision processes: Clear governance structures and defined responsibilities enable faster and more informed decisions at all levels.• Data-driven process optimization: MaRisk-compliant reporting structures provide valuable insights for continuous process improvements and efficiency gains.• Automation potential: Standardization of control processes creates the foundation for efficient digitalization and automation of compliance activities.• Synergy potentials: Integration of various regulatory requirements (MaRisk, BAIT, DORA) in a common framework reduces the total cost of compliance.

Question 3

How does ADVISORI address the continuous evolution of MaRisk requirements and ensure the future viability of our compliance structures?

Accepted Answer

In an environment of continuous regulatory evolution, MaRisk structures must not only meet today's requirements but also be prepared for future adjustments. ADVISORI implements a future-oriented MaRisk Readiness concept that establishes compliance structures as adaptive, learning systems, thus ensuring long-term regulatory resilience.🔄 Adaptive Compliance as a Fundamental Principle:• Regulatory early warning system: We establish systematic processes for early identification and assessment of regulatory developments and their implications for your business models and processes.• Scalable governance architectures: Our governance concepts are modularly structured and flexibly expandable to efficiently integrate new requirements without fundamentally revising existing structures.• Compliance-by-design: Anchoring compliance principles in the development of new business processes and IT systems to avoid costly subsequent adjustments.• Continuous development: Implementation of a structured review cycle for regular review and adaptation of compliance structures to new regulatory developments and best practices.🔍 Proactive Measures from ADVISORI:• Regulatory intelligence: Continuous analysis of supervisory trends, consultation papers, and audit priorities to identify action needs early.• Gap analyses with future perspective: Assessment of current structures not only against existing requirements but also against foreseeable future developments.• Benchmarking and best practices: Incorporation of insights from numerous implementation projects and supervisory audits for continuous optimization.• Agile implementation methodology: Flexible, iterative implementation of measures that enables rapid adjustments to new requirements without fundamental restructuring.

Question 4

How does ADVISORI transform MaRisk Compliance from a regulatory obligation to a strategic enabler for business growth and innovation from a C-level perspective?

Accepted Answer

Traditionally, MaRisk compliance was often viewed as a regulatory burden that ties up resources and inhibits innovation. ADVISORI pursues a transformative approach that positions MaRisk-compliant structures as a strategic enabler that not only minimizes risks but actively promotes value creation, growth, and innovation capability.🚀 From Compliance Burden to Strategic Competitive Advantage:• Trust capital as a differentiation factor: Demonstrably robust governance structures create trust among customers, partners, and investors and become a strategic differentiator in an increasingly risk-sensitive market environment.• Accelerated time-to-market: Clearly defined processes and responsibilities enable faster evaluation and implementation of new business models and thus reduce the time-to-market for innovative products.• Data-driven business management: MaRisk-compliant data infrastructures deliver high-quality, consistent data not only for compliance purposes but also for strategic business decisions and innovations.• Opening new markets and customer groups: A solid governance infrastructure facilitates expansion into highly regulated market segments and the acquisition of demanding institutional customers.💡 How ADVISORI Supports the Transformation:• Integration into corporate strategy: We anchor MaRisk compliance not as an isolated function but as an integral part of strategic planning and business development.• Governance enablement instead of governance blocker: Development of compliance structures that support agile decision processes rather than hinder them, through clear escalation paths and decision-making authority.• Innovation through risk intelligence: Use of regulatory-required risk analyses as innovation drivers to identify new business opportunities and optimization potentials.• Value-based compliance: Focus on compliance measures that generate the greatest business value while meeting regulatory requirements.

Question 5

How can MaRisk Readiness be positioned as an investment in the digital transformation and innovation capability of our institution?

Accepted Answer

MaRisk Readiness is not only a regulatory necessity but a strategic catalyst for the digital transformation and innovation capability of your institution. By establishing resilient and transparent governance structures, ADVISORI creates the prerequisites for a secure and efficient digital evolution of your company.💡 MaRisk as an Enabler of Digital Transformation:• Architectural foundation: MaRisk-compliant governance structures form the stable foundation on which innovative digital solutions can be safely built without generating regulatory risks.• Data-driven innovation: The data quality and governance required by MaRisk creates the prerequisites for advanced data analytics, AI applications, and digital business models.• Agile compliance: Our modern MaRisk implementations are designed to support agile development methods and DevOps practices rather than hinder them.• Cloud readiness: We develop MaRisk-compliant concepts for cloud transformations that both meet regulatory requirements and leverage the scalability and flexibility of modern cloud architectures.🚀 ADVISORI's Implementation Approach:• Future-oriented architecture: Our MaRisk frameworks are modularly structured and API-based to facilitate the integration of new technologies and business models.• Automation potentials: Identification of processes that can be made both more efficient and more compliant through digitalization and automation.• Regulatory sandboxes: Conception of protected innovation spaces where new business models can be tested while complying with regulatory requirements.• Digital control mechanisms: Implementation of automated controls that meet regulatory requirements while providing valuable data for business optimizations.

Question 6

What concrete first steps does ADVISORI recommend for an effective MaRisk Readiness initiative, and how do you ensure minimal disruption to daily operations?

Accepted Answer

Initiating a MaRisk Readiness initiative requires a strategic but pragmatic approach that achieves maximum impact with minimal operational disruption. ADVISORI has developed a proven implementation path that ensures the balance between regulatory effectiveness and operational efficiency.🔍 Initial Steps for Effective MaRisk Readiness:• Strategic gap analysis: We begin with a precise assessment of your current governance structures against MaRisk requirements, evaluating both formal compliance and the effectiveness of structures.• Prioritization by risk and effort: Identified gaps are classified by regulatory risk and implementation effort to develop a risk-based roadmap.• Quick-win identification: We identify immediately implementable measures with high impact and low effort that ensure quick successes and create momentum for the overall project.• Executive alignment: Early involvement of the leadership level to ensure strategic alignment and resource provision for critical implementation phases.⚙️ Operational Continuity During Implementation:• Modular implementation approach: Instead of a disruptive big-bang approach, we rely on gradual implementation that integrates into existing processes and structures.• Business-as-usual integration: Our experts work closely with your teams to integrate MaRisk requirements into existing processes and workflows rather than creating parallel structures.• Resource-optimized implementation: We use automation and templating to minimize manual effort and provide your teams with efficient tools and methods.• Targeted training and knowledge transfer: Focused training for various stakeholder groups ensures that all participants understand their role in the MaRisk framework and can fulfill it efficiently.

Question 7

What is the relationship between MaRisk Readiness and other regulatory frameworks (BAIT, DORA, VAIT), and how does ADVISORI coordinate these requirements for a coherent compliance strategy?

Accepted Answer

The complexity of the regulatory landscape requires an integrated compliance approach that synergistically connects various frameworks. ADVISORI has developed a comprehensive Regulatory Integration Model that orchestrates the interactions between MaRisk, BAIT, DORA, VAIT, and other relevant regulations and maximizes compliance synergies.🔄 The Regulatory Ecosystem and Its Interconnections:• MaRisk as an overarching framework: MaRisk forms the foundation of the regulatory structure with overarching governance requirements on which specialized frameworks build.• BAIT as IT-specific concretization: The Banking Supervisory Requirements for IT (BAIT) concretize MaRisk requirements for the IT area and define detailed specifications for IT governance, information security, and IT projects.• DORA as a European dimension: The Digital Operational Resilience Act (DORA) extends national requirements with EU-wide standards for digital operational resilience with a focus on cybersecurity and third-party risk management.• VAIT as an insurance-specific variant: For insurance companies, the Insurance Supervisory Requirements for IT (VAIT) concretize governance requirements analogous to BAIT.🧩 ADVISORI's Integrated Compliance Approach:• Common control framework: We identify and leverage the overlaps between frameworks to establish a consolidated control system that addresses multiple regulatory requirements with minimal redundancy.• Regulatory requirements mapping: Systematic assignment of specific requirements from various frameworks to corresponding organizational units, processes, and controls.• Harmonized reporting: Development of an integrated reporting infrastructure that serves various regulatory requirements and avoids multiple data collections.• Holistic governance model: Design of a governance structure that orchestrates various regulatory requirements in a coherent framework and enables efficient compliance management.

Question 8

How can our institution use the governance structure created through MaRisk Readiness as a competitive advantage in customer acquisition and market positioning?

Accepted Answer

A systematically established MaRisk Readiness transforms compliance from a pure cost center to a strategic differentiator in your market positioning. ADVISORI supports you in strategically using your governance excellence as a competitive advantage in customer acquisition and brand positioning.🏆 MaRisk Excellence as a Marketing Instrument:• Trust premium in volatile markets: In times of growing uncertainty and increasing cyber risks, demonstrable governance excellence becomes a decisive differentiator that strengthens customer trust and justifies price premiums.• Transparent risk communication: The ability to manage risks in a structured manner and communicate transparently is increasingly used by institutional customers and business partners as a selection criterion.• Compliance credentials in tenders: In complex tenders and mandate awards, robust governance structures are increasingly becoming formal or informal selection criteria, especially in institutional business.• Resilience branding: Strategic communication of your governance excellence establishes your brand as a trustworthy, resilient partner in an increasingly regulated and risk-laden business world.💼 ADVISORI's Approach to Monetizing Your Governance Excellence:• Value proposition enhancement: We help you translate your MaRisk compliance into customer-relevant value propositions that can be used in sales conversations and marketing materials.• Third-party risk management excellence: Positioning your robust governance as a strategic advantage for customers and partners who can thereby reduce their own third-party risks.• Compliance certifications and attestations: Support in obtaining certifications and attestations that formally confirm your governance excellence and serve as differentiation features.• Thought leadership positioning: Development of content and communication strategies that position your institution as a thought leader in governance and compliance topics.

Question 9

How does ADVISORI support the seamless integration of MaRisk requirements into existing governance, risk, and compliance structures?

Accepted Answer

The integration of MaRisk requirements into existing GRC structures requires an orchestrated approach that combines regulatory compliance with operational efficiency. ADVISORI has developed a holistic integration process that optimizes your existing governance structures rather than creating parallel compliance silos.🔄 Integration into Existing GRC Structures:• Assessment of existing governance frameworks: We analyze your existing governance, risk, and compliance structures to identify connection points, overlaps, and efficiency potentials.• Regulatory mapping exercise: Systematic assignment of MaRisk requirements to existing control mechanisms and identification of gaps that need to be closed.• Consolidation of controls: Optimization of overlapping controls from various regulatory frameworks to eliminate duplication and increase control efficiency.• Process integration: Embedding MaRisk-specific requirements into existing business and risk management processes rather than establishing new, isolated processes.🛠️ Technological Enablers for Efficient Integration:• GRC platform optimization: Adaptation and expansion of existing GRC tools and platforms to cover MaRisk-specific requirements without creating new system landscapes.• Integrated reporting structures: Development of a consolidated reporting framework that combines regulatory and internal reporting obligations and eliminates redundancies.• Workflow optimization: Design of efficient, system-supported workflows for MaRisk-relevant processes that seamlessly integrate into existing work procedures.• Single source of truth: Implementation of a central repository for governance-relevant documents that serves as a unified information source for various stakeholders and regulatory requirements.

Question 10

What role does MaRisk Readiness play in preparing for and passing regulatory audits, and how does ADVISORI support this process?

Accepted Answer

MaRisk Readiness is the key to audit security and forms the foundation for efficient and successful regulatory audits. ADVISORI supports you with a systematic audit preparation and support process that maximizes your confidence and minimizes audit effort.🔍 MaRisk Readiness as an Audit Foundation:• Proactive compliance assurance: A thorough MaRisk Readiness assessment identifies and addresses compliance gaps before they can be discovered in audits.• Documentation excellence: Building a structured, complete, and traceable documentation that meets regulatory requirements and makes audit processes more efficient.• Demonstrable governance effectiveness: Establishment of mechanisms that demonstrate not only the formal existence of governance structures but also their practical effectiveness.• Preparation of key actors: Sensitization and training of executives and subject matter experts for their role in regulatory audits.⚖️ ADVISORI's Support in the Audit Process:• Pre-audit readiness assessment: Conducting a simulated audit to identify potential weaknesses and optimization potentials before the actual regulatory audit.• Audit support and management: Coordination of the audit process, technical support in audit discussions, and strategic advice during audit execution.• Findings management: Systematic capture, analysis, and addressing of audit findings, including the development of sustainable action plans.• Sustainable follow-up: Support in implementing measures to remedy audit findings and preparation for follow-up audits.

Question 11

How does ADVISORI design knowledge transfer and empowerment of our internal teams during the MaRisk Readiness process?

Accepted Answer

The sustainable success of a MaRisk Readiness initiative depends crucially on knowledge transfer and empowerment of your internal teams. ADVISORI pursues a structured knowledge transfer approach that enables your organization to independently manage and continuously optimize MaRisk compliance in the long term.🧠 ADVISORI's Knowledge Transfer Strategy:• Multi-level training concept: Development of customized training programs for various target groups – from executive-level awareness sessions to detailed technical training for specialists.• Learning-by-doing approach: Close collaboration with your internal teams in all project phases with systematic coaching and gradual competency building.• Documented best practices: Creation of practical handbooks, guidelines, and Standard Operating Procedures (SOPs) that serve as long-term references for your teams.• Experience exchange: Incorporation of ADVISORI's extensive experience from numerous implementation projects and supervisory audits as practical knowledge transfer.🚀 Empowerment Approach for Sustainable Competency:• Identification of internal champions: Early identification and intensive promotion of internal experts who function as multipliers and contacts after project completion.• Stakeholder-specific enablement strategies: Customized empowerment measures for various stakeholder groups – from the board to department heads to operational employees.• Practice-oriented workshops: Conducting workshops with real case studies and scenarios that promote practical application of acquired knowledge.• Continuous learning framework: Establishment of an ongoing learning process with regular updates, refresher training, and knowledge-sharing formats.

Question 12

What metrics and KPIs does ADVISORI recommend for executive-level reporting to measure and manage MaRisk compliance and governance effectiveness?

Accepted Answer

Effective executive-level reporting on MaRisk compliance must maintain the balance between detailed transparency and strategic relevance. ADVISORI develops customized reporting frameworks that enable the leadership level to precisely capture the status of MaRisk compliance and make informed decisions.📊 Strategic KPIs for Executive-Level Reporting:• Compliance maturity score: Aggregated indicator that measures the maturity level of MaRisk compliance across various dimensions and visualizes trends in compliance development.• Regulatory risk exposure: Quantification of regulatory risk through assessment of potential compliance gaps and their possible impacts on the institution.• Governance effectiveness index: Measurement of the effectiveness of established governance structures through a combination of qualitative and quantitative indicators such as control effectiveness and process efficiency.• Remediation velocity: Measurement of the speed and effectiveness with which identified compliance gaps and weaknesses are addressed.📈 Operationalization of MaRisk Reporting:• Balanced scorecard approach: Integration of compliance metrics into a balanced scorecard that connects regulatory, operational, financial, and strategic aspects.• Trend-based visualization: Presentation of compliance developments over time to make progress visible and respond early to negative trends.• Risk-oriented prioritization: Focusing executive reporting on the most critical areas with the highest risk potential to enable effective resource allocation.• Actionable insights: Supplementing quantitative metrics with qualitative analyses and concrete recommendations for strategic management of compliance initiatives.

Question 13

How does ADVISORI support us in managing the special MaRisk challenges in a corporate group environment with international entities?

Accepted Answer

The implementation of MaRisk requirements in international corporate structures requires a specially adapted approach that considers local particularities while ensuring consistent group-wide governance. ADVISORI has extensive experience in navigating these complex multi-entity and multi-jurisdiction challenges.🌍 Group-Specific MaRisk Challenges and Solution Approaches:• Balancing global standards and local requirements: We develop governance models that establish group-wide minimum standards while providing sufficient flexibility for local regulatory particularities.• Coordinated risk management: Implementation of processes for uniform capture, aggregation, and reporting of risks across various jurisdictions and business models.• Harmonization of divergent regulations: Integration of MaRisk requirements with international standards such as BCBS 239, EBA Guidelines, or local supervisory regimes to create a coherent governance framework.• Management of complex organizational structures: Development of governance and reporting lines that ensure both local responsibilities and group-wide management capability.🔄 ADVISORI's Group Governance Approach:• Modular framework design: Development of a governance framework with a binding core and flexible, adaptable modules for different entities and jurisdictions.• Cascading governance model: Implementation of a tiered governance approach that cascades from the group level through regional hubs to local units while clearly defining respective responsibilities.• Regulatory mapping & alignment: Systematic analysis and coordination of various regulatory requirements to identify commonalities and differences as a basis for a harmonized framework.• Cross-border coordination mechanisms: Establishment of efficient communication and coordination processes between group functions and local entities to ensure consistent implementation.

Question 14

What best practices has ADVISORI developed for efficient documentation and evidence management of MaRisk-compliant processes?

Accepted Answer

Efficient and supervisory-compliant documentation is one of the most critical success factors for sustainable MaRisk compliance. ADVISORI has developed a systematic documentation approach that meets regulatory requirements while minimizing administrative effort.📋 Documentation Excellence with ADVISORI:• Principle-based documentation: Our approach focuses on principle-based documentation that clearly defines governance frameworks and key controls without falling into excessive detailing.• Target hierarchy orientation: Structuring documentation along a clear target hierarchy from governance frameworks through policies and standards to operational process descriptions and work instructions.• Living documentation concept: Establishment of a dynamic documentation concept that is continuously updated and represents an accurate reflection of actually lived processes.• Evidence-based approach: Integration of control evidence and proofs directly into process documentation to create a continuous chain of evidence.🔍 Efficiency Improvement in Documentation:• Template-based standardization: Provision of pre-configured templates and standard building blocks that can be easily adapted to specific requirements and ensure consistency.• Single source of truth: Implementation of a central document repository that eliminates redundancies and serves as the authoritative source for all governance and process information.• Automated control evidence: Where possible, implementation of automated mechanisms for generating and archiving control evidence that reduce manual documentation effort.• Integrated documentation workflows: Establishment of efficient workflows for creating, reviewing, approving, and regularly updating documents that ensure quality and minimize effort.

Question 15

How can our organization use MaRisk Readiness to be better positioned for other regulatory requirements such as ESG, sustainability, and data protection?

Accepted Answer

A robust MaRisk Readiness creates not only compliance with the Minimum Requirements for Risk Management but establishes a flexible governance foundation that serves as a catalyst for meeting further regulatory requirements. ADVISORI's integrated compliance approach maximizes synergies and minimizes the total effort for regulatory compliance.🔄 Synergy Potentials Through MaRisk Readiness:• Overarching governance principles: The governance structures and control mechanisms required by MaRisk form a robust foundation that can be adapted for ESG, sustainability, and data protection requirements.• Data management as a common denominator: MaRisk-compliant data architectures and processes create the foundation for capturing, processing, and reporting ESG and sustainability data as well as GDPR-compliant data management.• Integrated risk consideration: The risk identification and assessment processes established through MaRisk can be extended to ESG risks, sustainability risks, and data protection risks.• Procedural connection points: MaRisk-compliant processes offer numerous interfaces where ESG, sustainability, and data protection controls can be efficiently integrated.🛠️ ADVISORI's Integrated Compliance Framework:• Regulatory universe mapping: We create a comprehensive mapping of all relevant regulatory requirements and identify overlaps and synergies for efficient addressing.• Common control framework: Development of an overarching control framework that addresses compliance requirements from various regulations through consolidated controls.• Integrated governance structure: Design of a governance structure that orchestrates various compliance functions (MaRisk, ESG, data protection) in a coherent framework and prevents silo formation.• Multi-regulation readiness assessment: Conducting comprehensive assessments that evaluate readiness for multiple regulatory requirements simultaneously and identify synergies.

Question 16

How does ADVISORI support the change management challenge of anchoring MaRisk requirements in the organization and establishing a sustainable compliance culture?

Accepted Answer

The successful implementation of MaRisk requirements is 50% a technical and 50% a cultural challenge. ADVISORI integrates advanced change management methods into the MaRisk Readiness initiative to ensure sustainable anchoring in the corporate culture and promote a proactive compliance attitude.🔄 Cultural Dimensions of MaRisk Implementation:• Executives as compliance champions: Development of specific strategies to activate top management as visible role models and drivers of MaRisk compliance.• Stakeholder-specific communication: Customized communication concepts that clarify the relevance and benefits of MaRisk compliance for various organizational units and hierarchy levels.• Behavioral change management: Identification and targeted addressing of behavioral patterns and cultural factors that could hinder the effective implementation of compliance requirements.• Sustainable incentivization: Development of incentive systems that promote compliant behavior and integrate MaRisk conformity into performance evaluations and career paths.🚀 ADVISORI's Change Enablement Approach:• Cultural readiness assessment: Conducting a comprehensive analysis of the existing organizational culture and identification of cultural enablers and barriers for MaRisk implementation.• Multiplier network: Building an internal network of change agents at various hierarchy levels who function as multipliers and local contacts for MaRisk topics.• Experience-oriented sensitization: Development of interactive formats such as simulations, gamification elements, and practical case studies that sharpen awareness of MaRisk-relevant situations.• Continuous culture monitoring: Establishment of ongoing monitoring of the cultural dimension through regular culture surveys, focus groups, and qualitative assessments.

Question 17

How does ADVISORI support the use of technology and digitalization to make MaRisk compliance more efficient and effective?

Accepted Answer

The digitalization of compliance processes offers enormous potential for efficiency improvement and quality enhancement. ADVISORI integrates state-of-the-art technologies into the MaRisk Readiness initiative to automate manual processes, improve data quality, and proactively identify risks.💻 Technological Enablers for Modern MaRisk Compliance:• Process automation: Identification and automation of repetitive compliance tasks such as data collection, control execution, and report generation through Robotic Process Automation (RPA) and workflow technologies.• Data integration and quality: Implementation of data governance tools and master data management solutions to ensure consistent, complete, and accurate data as a basis for regulatory decisions.• AI-supported risk detection: Use of machine learning for early identification of compliance risks, anomaly detection, and predictive risk analysis.• Digital control monitoring: Implementation of real-time monitoring solutions for continuous monitoring of key controls and automated alerting mechanisms.🔍 ADVISORI's Digital Compliance Approach:• Technology assessment: Evaluation of your existing technology landscape and identification of optimization potentials for digitalization of MaRisk-relevant processes.• Strategic technology selection: Support in selecting and implementing suitable GRC tools, workflow engines, and analytics solutions considering your specific requirements.• Process reengineering: Redesign of compliance processes leveraging digital possibilities rather than mere digitalization of existing manual processes.• Phased implementation: Development of a pragmatic digitalization roadmap with quick wins and long-term vision that considers technological and organizational maturity.

Question 18

How does ADVISORI design the transition from MaRisk Readiness to sustainable MaRisk compliance in regular operations?

Accepted Answer

The sustainable success of a MaRisk initiative depends crucially on the transition from the initial readiness phase to stable, efficient regular operations. ADVISORI has developed a structured transition approach that ensures a seamless handover and anchors compliance excellence in operational business.🔄 From Readiness to Regular Operations:• Operationalization of governance: Transfer of defined governance structures and processes into regular operations through clear responsibilities, standardized workflows, and efficient escalation mechanisms.• Monitoring framework: Establishment of a comprehensive monitoring system that ensures continuous review of MaRisk compliance in operational business and provides early warning of deviations.• Process integration: Anchoring compliance activities in core processes and daily workflows so that compliance is perceived not as a separate activity but as an integral part of regular operations.• Continuous improvement process: Implementation of a structured process for regular review and optimization of the MaRisk framework based on feedback, audit results, and regulatory developments.🛠️ ADVISORI's Transition Management:• Staged handover: Gradual transfer of responsibilities to internal teams with accompanying coaching and support to ensure a smooth transition.• Operational readiness assessment: Conducting a specific assessment of operational readiness before complete handover to ensure that all necessary capacities, capabilities, and processes are established.• Sustainable resource planning: Development of a realistic resource model for regular operations that considers both BAU activities and further development and adaptation to regulatory changes.• Post-implementation review: Systematic evaluation of the implementation after completion to identify lessons learned and optimization potentials for continuous improvement.

Question 19

What experiences has ADVISORI gathered from MaRisk implementations in various institutions, and how can we benefit from these best practices and lessons learned?

Accepted Answer

ADVISORI's extensive experience from numerous MaRisk implementations in various financial institutions forms a valuable treasure trove of experience that offers your company significant advantages. We systematize and transfer these insights to optimize your MaRisk Readiness process and avoid known pitfalls.📚 Critical Success Factors from Best Practices:• Executive sponsorship as a key factor: Our experience shows that active and visible engagement of the leadership level is the decisive success driver for MaRisk implementations and significantly increases enforcement power.• Pragmatism over perfectionism: The most successful implementations focus on effective, practice-oriented solutions rather than theoretically perfect but difficult-to-implement concepts.• Stakeholder engagement at all levels: Early and continuous involvement of all relevant stakeholders – from management to operational units – avoids resistance and promotes ownership.• Clear prioritization by risk: A risk-based prioritization of implementation measures achieves faster risk reduction and higher resource efficiency than a sequential approach.🔍 Avoiding Typical Pitfalls:• Documentation overhead: We help you avoid the common mistake of excessive documentation by relying on lean, purpose-oriented documentation concepts.• Isolation from daily business: Our implementation approaches integrate MaRisk requirements into existing processes rather than creating isolated compliance silos that are not lived in regular operations.• Lack of tools and automation: We address technological enablers from the beginning to avoid manual, error-prone processes that frequently led to inefficiencies in other implementations.• Insufficient knowledge transfer: Unlike many projects where a knowledge vacuum arises after completion, we ensure sustainable competency building in your organization.

Question 20

What does ADVISORI's concrete project approach for a MaRisk Readiness initiative look like, and what milestones and timeframes are typical?

Accepted Answer

ADVISORI pursues a structured but flexible project approach for MaRisk Readiness initiatives based on your specific starting situation and objectives. Our methodology combines proven project management practices with agile elements to ensure rapid results while maintaining adaptability.📅 Typical Project Approach and Milestones:• Phase 1: Assessment and Strategy Definition (4-6 weeks) • Comprehensive gap analysis against MaRisk requirements • Assessment of organizational readiness and capacities • Development of a customized implementation strategy • Definition of scope, objectives, and success criteria• Phase 2: Conceptualization and Planning (6-8 weeks) • Design of governance structures and control frameworks • Development of policies, standards, and guidelines • Creation of a detailed implementation plan • Building the project management and change framework• Phase 3: Implementation and Operationalization (3-6 months) • Implementation of defined governance structures and processes • Implementation of the control framework and monitoring mechanisms • Development and rollout of training and communication measures • Establishment of reporting structures and management information• Phase 4: Transition and Sustainability (4-6 weeks) • Validation of implementation against defined success criteria • Handover to regular operations and knowledge transfer • Establishment of continuous improvement processes • Post-implementation review and optimization🔄 Flexible Adaptation to Your Needs:• Modular approach: Our project approach is modularly structured and enables focusing on specific areas with particular action needs.• Scalable methodology: The project methodology is adapted to the size and complexity of your company – from lean approaches for smaller institutions to comprehensive programs for large organizations.• Agile elements: Integration of agile practices such as sprints and iterative development to enable rapid adjustments and continuous feedback.• Customized resource models: Flexible deployment models from full project management to targeted expert support depending on your internal capacities and competencies.

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