Paragon Consulting Partners

💡 Start with Why 📢 Setup, enhance or outsource your Internal Audit function with experts in the field. We bring experience and expertise from top tier financial services institutions in London and New York to you. At a fraction of the cost. Global Standards, Local Expertise. #ParagonConsultingPartners #InternalAudit #Consulting #Assurance #DIFC #ADGM

💫 We would like to wish all our clients, partners, peers and friends Ramadan Mubarak. May this Ramadan bring you peace, growth, and countless blessings. #Ramadan #UAE #GCC #Consulting #FinancialServices #Risk #Compliance #InternalAudit #Sustainability #DIFC #ADGM

Businesses rarely fail because of one big mistake. It's the small, overlooked risks that quietly build up until it's too late. I've seen this happen across industries, from finance to retail. One of the biggest pitfalls? Relying on informal, outdated and lazy processes. → Decisions are made on assumptions, not facts. → Risk management that's more copy-paste than tailored strategy. → Compliance is handled reactively only when something goes wrong. The result? Inconsistencies. Gaps. And when regulators step in, it's too late. A risk is no longer a risk after it has materialised. It is an event/incident. Here are some examples of how you can avoid it: 1. Document clearly and with purpose ↳ A proper paper trail protects you. Make sure policies, risk assessments, and compliance findings are written, reviewed, and approved. 2. Create accountability ↳ Who is responsible for what? If that's unclear, decisions will always be reactive instead of proactive. 3. Tailor policies and procedures to your business ↳ A one-size-fits-all approach doesn't work. Your framework should reflect your industry, size, and exposure. It should be pragmatic. Fixing this now saves you from bigger problems later. Because when risk or regulation are ignored, they doesn't just knock. They kick the door down. Plan now. Save later. Is this something you’ve experienced? 👋 Paragon Consulting Partners

Many businesses in the UAE face mounting challenges when it comes to staying compliant and managing the ever-increasing risks they face. Here’s what it’s costing them: → Constantly evolving regulations create uncertainty. → Overwhelming volumes of rules make tracking difficult. → Decoding complex requirements feels like solving a never-ending puzzle. → Increasing operational risks amplify the stakes in a digital, connected world. But compliance and risk management aren’t just about ticking boxes. It’s about creating a framework tailored to your business and building a culture where your team truly understands its importance. What can you do? → Leverage tools and training to stay ahead of regulatory changes. → Simplify complex regulations into actionable steps for your team. → Build a risk and compliance culture that goes beyond paperwork. Delaying action will only make things harder - and costlier - in the future. Stay ahead, simplify the process, and make compliance and risk work for your business, not against it. P.S. Visit Paragon Consulting Partners to see how we can help you strengthen your risk management and grow your business: https://lnkd.in/dWhaCbyu

Most risk management policies don’t look good on paper ➡️ leading to ambiguous application and expectations ➡️ and ultimately exposing the firm to numerous risk and regulatory gaps. This client case study demonstrates it: A client once approached me with loopholes in their risk management policies. These gaps meant: → Potential gaps threatened their reputation and ability to absorb capital losses. → Regulatory breaches were around the corner. → And no one had a clear sense of accountability. It wasn't just about paperwork. It was about trust, internally and externally. We got to work: ↳ Reviewed their risk policies and found the blind spots. ↳ Revamped their risk management methodology to reflect real-world challenges. ↳ Involved senior management, ensuring accountability wasn't just an idea. It was a practice. From there, we built something stronger: → Key Risk Indicators (KRIs) tailored to their business. → Proactive monitoring systems that didn't wait for disasters, losses or fines to strike. The result? They went from reactive to proactive. They avoided regulatory pitfalls and established trust within their team and with stakeholders. They also saved money. Ignoring risk isn't just a gamble. It's expensive. In this case, it could've cost them their reputation and long-term growth. What's one risk in your business you've been avoiding? P.S. Visit Paragon Consulting Partners to see how we can help you strengthen your risk management and grow your business: https://lnkd.in/dWhaCbyu

🎉 We are ever grateful to our clients, partners, friends and peers. Thank you for your support. This journey would not have been possible without you. We look forward to doing better over the next year. #ParagonConsultingPartners #Consulting #FinancialServices #RiskManagement #InternalAudit #Compliance #Governance #ESG #ADGM #DIFC

📢 DIFC Regulatory Update: The DFSA has published its 2025-2026 Business Plan. The DFSA focuses on 4 key strategic themes: 1) Delivery 2) Engagement 3) Innovation 4) Sustainability. The DFSA also highlighted the following key messages: 🎯 Market Integrity & Governance: Clear, robust standards to safeguard investor confidence. 🎯Innovation & FinTech: Creating a balanced environment for emerging technologies—like digital assets—while maintaining strong oversight. 🎯Sustainability & ESG: Encouraging firms to embed environmental, social, and governance principles throughout operations and disclosures. 🎯Risk-Based Supervision: Leveraging data-driven strategies to tackle risks proactively, with a spotlight on AML/CFT, cyber resilience, and operational risk. 🎯Global Collaboration & Consistency: Streamlined cross-border frameworks and shared best practices to reduce regulatory fragmentation Please find the link to the full Business Plan here: https://lnkd.in/dNV2s4vY Navigating these regulatory changes can be challenging, but you don’t have to do it alone. At Paragon Consulting Partners, we specialise in helping businesses: ✅ Develop tailored risk and compliance strategies. ✅ Implement robust frameworks, procedures and controls. ✅ Stay ahead of regulatory updates. 📩 info@paragonconsulting.partners #DIFC #DFSA #RegulatoryCompliance #RiskManagement #ESG #Fintech #Consulting #FinancialServices

📢 Leverage our expertise in Governance, Risk, Compliance and Internal Audit to help your company achieve its objectives. Outsourcing with us helps you navigate complex hurdles, save money and focus on what you do best! ✉️ info@paragonconsulting.partners #ParagonConsultingPartners #Consulting #Outsourcing #Regulatory #InternalAudit #Compliance #RiskManagement #Governance

We specialise in guiding firms through the complexities of regulatory reporting. From drafting comprehensive IRAP and ICAAP submissions to ensuring alignment with ADGM and DIFC requirements. 📅 Don’t wait until it’s too late. Let’s work together to ensure your submissions are accurate, timely, and fully compliant. 👉 Contact us today to schedule a consultation and take the first step toward a smooth regulatory reporting process. #RegulatoryCompliance #DIFC #ADGM #RiskManagement #IRAP #ICAAP #UAE #FinancialServices #Consulting #RegulatoryReporting

❗ Is your Cyber Security robust enough to protect against evolving threats? Technology and Cyber Risk remain a focus across the region. Connect with us to discuss actionable steps that bolster security, enhance resilience, and empower your organisation’s risk management strategy. ✉️ info@paragonconsulting.partners The Dubai Financial Services Authority (DFSA) has published a Cyber Thematic review with helpful recommendations to strengthen Cyber Security and Resilience. Key Takeaways: ✨ Holistic Governance: Align cyber risk strategies with overarching business objectives and clearly define accountability across senior management and the board. ✨Proactive Controls & Testing: Continuously assess emerging threats, implement robust technical controls, and regularly conduct penetration tests and vulnerability assessments. ✨Incident Response & Recovery: Develop well-documented incident response plans, test them frequently, and ensure swift recovery mechanisms to minimize operational disruptions. ✨People & Process: Provide ongoing cybersecurity training, establish clear policies, and promote a security-first culture throughout the organization. ✨Third-Party Risk Oversight: Enforce contractual obligations and perform due diligence on vendors and partners to address potential risks across the extended supply chain. #ParagonConsultingPartners #Cybersecurity #DIFC #DFSA #RiskManagement #Regulation #FinancialServices