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Richard Major

Richard Major

Financial Crime Leader, South East Asia Consulting, PwC Singapore

Richard leads the Financial Crime and Risk Consulting practices for South East Asia. Richard has over 15 years of experience advising global and mid tier financial institutions on how to identify, manage and mitigate the risks of fraud, misconduct and financial crime and respond to incidences of regulatory failure. In particular, Richard has led a number of large misconduct investigations for financial services clients and advised on remedial efforts to enhance systems and controls where weaknesses have been identified. Richard has also undertaken fraud risk management assessments for banks and financial institutions, including “Skilled Person” reviews undertaken on behalf of the UK regulator, the Financial Conduct Authority.

Richard has advised institutions on the design and implementation of appropriate operating models to manage the risk of financial crime and the tailoring of appropriate policies and procedures to manage and mitigate those risks. Richard has also extensively advised and supported the implementation of those procedures into Business As Usual. Richard has also led the development and integration of financial crime technologies, including KYC/CDD workflow, AML monitoring technologies and case management tools, or the delivery of financial crime programmes.

He has also led large remediation programmes, including KYC and transaction monitoring reviews, working with firms to manage regulatory expectations against demanding timetables. He has also undertaken a significant secondment to the Financial Services Authority, the UK conduct regulator.