Audit Services for Financial Institutions & Banks

Medron Technical Auditing Services for Financial Institutions & Banks.

Business Resilience Audit

Business Continuity Management is a key aspect of good corporate governance, in identifying and managing risks to business critical services.

Medron provide independent auditing of building services infrastructure, building fabric and their utilities, assessing their resilience to external disruption from events such as power outages, natural disasters and terrorism.

This data is invaluable to operational risk management under Basel 2 Accord, in contributing to effective risk mitigation and recovery planning.

Statutory Compliance Audit

Companies are increasingly subject to greater statutory regulation where the penalties for failure can be harsh and result in prosecution and damage to image and reputation

Effective corporate governance encourages independent assessment of legislative compliance, and Medron can provide assessments of building fabric and technical services legislative compliance.

This is particularly valuable where matters of statutory compliance are contracted to service providers (for example, in a building maintenance contract) but where the service purchaser company (as occupiers and employers) nevertheless remains legally liable for compliance.

Physical Security Review

Medron provides site specific reviews focused on anticipated performance under direct attack (and post attack) situations.

These reviews cover aspects such as access restrictions, emergency cordons, quarantine zones and include secondary disruption to utilities, transport, key suppliers etc.

These assessments are critical to Business Continuity Planning in that they establish actual external risk quantifying likelihood and severity of specific threats.

Future Proofing Assessment

This assessment examines the ability of the property to provide a suitable and sustainable environment for future anticipated business needs.

Medron works closely with the client to ensure that property and infrastructure investment is targeted effectively, and that the building fabric and utilities services are sufficiently adaptable to respond to the future physical requirements of the business.

Outsource Service Providers Resilience & Continuity Audit

Every business is dependent upon a number of outsource providers, from IT support to catering suppliers, and the failure of any of these critical elements can impact on business delivery.

Medron can assess suppliers’ declared resilience standards and recovery ability providing comfort, or illustrating weakness in identifying potential areas of risk in the supply chain.

This information then forms part of the operational risk management of external elements, over which the company may require to exercise control.

Environmental Infrastructure Audit

This is an assessment of the “fitness for purpose” of mechanical and electrical services, building fabric, the interface with essential services, life safety provisions and interaction with the surrounding environment.

Medron benchmarks against corporate policy and industry best practice, advises on Health and Safety non-compliance and can recommend short-term remedial action.

Checking the resilience of the immediate and surrounding environmental infrastructure is key in the mitigation of risk, particularly for IT dependent companies in the financial service sector.

Planned Preventative Maintenance Assessment

This audit examines asset registers, inspection and servicing methodologies, scheduling, records and the overall Planned Preventative Maintenance process, to help minimise the risk of failure in essential plant or machinery.

This audit is particularly useful in validating outsourced Planned Preventative Maintenance contract compliance from a third party service provider, in demonstrating value for money of the contract.

Corrective/re-active maintenance and condition-based maintenance strategies can also be tested by this type of audit.

Quality System Audit

An audit of outsource contractor’s quality systems and their operatives' adherence to that system, illustrating shortcomings and making recommendation for improvement as appropriate.

This is particularly useful if quality management systems are not independently accredited to national standards, and contributes to the supply chain management of Business Continuity Planning.