July 28, 2014
Protiviti ranked among top five firms in Kennedy
Menlo Park, CA – Protiviti, a global consulting firm, has been ranked among the top five firms in the ‘Kennedy Vanguard of Financial Services Risk Consulting Providers’. The ranking is included in the ‘2014 Risk Consulting in Financial Services’ report by Kennedy Consulting Research & Advisory. According to the report, Protiviti is a "formidable player in the risk space," based on the quality of services it provides and the experience of the people it hires.
"The high ranking given to our services in the Kennedy Risk Consulting report is the result of our dedicated focus on solving our clients' risk and compliance problems, the outstanding and growing reputation of our firm in the financial services marketplace, plus the proven breadth and depth of our team's delivery experience," says Cory Gunderson, managing director and global risk and compliance practice leader for Protiviti. "With the continuing emphasis on creating stronger risk management and compliance capabilities in the financial services industry, the need has never been greater for a reliable, collaborative, hands-on consulting partner who combines unparalleled expertise with exceptional client service."
According to the report, "Financial services clients are having a regimen of risk management imposed on them from above by regulators, and they are overwhelmed by the dizzying new layers of complexity this is adding to their businesses as well as by the ever-escalating cost." In such an environment, it is essential for companies to work with a consulting partner that they can trust and that offers the precise services they need. The Kennedy Vanguard of Financial Services Risk Consulting Providers assesses firms in terms of the relative breadth and depth of their channel optimization and customer experience in consulting capabilities.
In making Protiviti a Vanguard firm, the report ranked Protiviti as ‘Very Strong’ – the highest rating – in multiple topical areas including Regulations & Reporting Risk, Internal Audit, GRC (governance, risk and compliance), ERM (enterprise risk management), Cyber Security/Anti-money Laundering, Legal/Contract/Third Party Risk, and Remediation. According to the report, Protiviti's "…ever-developing GRC capabilities, built on Protiviti's Arthur Andersen risk foundations, make the firm a formidable player in the risk space, with solid credentials both in services as well as in the firm's '50/50' (50 per cent industry specialists, 50 per cent risk specialists) hiring formula." The report also notes that "Protiviti is large enough to service top-tier clients and compete with the Big Four, but it is modest enough in size to also help the underserved middle-tier clients."
Among the areas of expertise Protiviti provides to the financial services industry are: regulatory compliance; IT consulting; financial risk (credit, market, liquidity); anti-money laundering services; operational risk; model risk and capital management and more. Protiviti is proud to count as clients more than 75 percent of the world's largest banks and six of the top 10 property and casualty insurers.