Who are we
Dhallu provides co-source internal audit services to the banking sector, with the purpose of using our insights, experience, interpersonal and team collaboration skills to deliver stronger and valued audits and raising the level of standards within the team.
Our Purpose
Our firm was designed to provide not only the insights, experience and interpersonal skills, but also a key element - team collaboration, which raises the standards of audit delivery and the quality of audit output, along with other key benefits. The aim is also to build a sustainable model for our clients internal audit function.
Being a role model – having consistently and successfully delivered the approach in different and challenging banking organisations, enables us to successfully deliver on this purpose.
What we bring
We bring our experience of aligning internal audit more to the strategic and commercial priorities of the bank. Banks are constantly balancing priorities between innovation, operating efficiency and risk. We bring our insights and experience to support balance this approach by clarifying the strategic objectives, ensuring there’s a risk-based approach with integrated controls with a streamlined approach.
Coaching is at the heart of our audit engagements - to team members and stakeholders.
Insights
Assessment of latest developments in the industry and what it means for internal audit
Discretionary Credit Arrangements
Assess the impact of your firms' credit arrangements in light of the recent Court of Appeal decision and FCA amendments.
Treatment of Vulnerable Customers
What areas to explore upon a review of the firms' treatment of vulnerable customers.
Lessons to Learn from SVB's Collapse
What went wrong and lessons that can be applied to your firm.
Change Management: areas to focus
With many transformational projects occurring within banks, what areas should internal audit focus on.
Our Select Experience
Entity: U.K Building Society
Assignment: Credit Risk Framework
Background and Review: Board wanted assurance there was an efficient process from devising strategic mission to setting the credit risk appetite, limits and mitigation and controls to effectively manage the risks. Processes can be enhanced through industry best practices.
Entity: U.K Bank
Assignment: Fair Value Assessment of Product and Services
Background and Review: Board wanted independent assurance that the bank's process of FV assessment of its products and services is robust and where best industry practices can be adopted, as part of compliance with Consumer Duty
Entity: U.K Challenger Bank
Assignment: Financial Crime and Compliance
Background and Review:
Senior leadership wanted assurance over its transactions monitoring process and account closures process in line with regulations and best industry practices. In addition, required assurance over complaints handling process.
Entity: U.K Based European Captive Finance Bank
Assignment: ICAAP
Background and Review:
Board wanted independent assurance over the ICAAP's accuracy, governance, relevancy, use as a working document and benchmarking to similar companies within the industry.
Entity: U.K Captive Finance Bank
Assignment: People Management Framework
Background and Review: Due to significant transformational changes in organisational structure, senior leadership wanted to ensure there was an adequate framework to meet the corporate strategic priorities of its people, skills gaps are addressed, robust process on employee dismissal in line was ACAS requirements.
Entity: U.K Mid-tier Bank
Assignment: Liquidity Reporting Process
Background and Review: Due to the highly manual process of assimilating data for liquidity reporting and monitoring along with frequent self-identified issues in accuracy, senior leadership wanted independent assurance of the accuracy, integrity of data transmission between systems, where automation can be introduced and adoption of best industry practices.
Entity: U.K based European Bank
Assignment: KYC Process
Background and Review: An outdated process existed across the bank's branches in performing KYC processes. Senior leadership wanted assurance that the bank was still in compliance with regulatory requirements and assurance over its transformation project.
Entity: U.K Bank
Assignment: Pensions
Background and Review:
Senior leadership wanted assurance over the defined benefits and contributions pensions with respect to the corporate mandate, third parties used for investment management, custody and reporting.
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