Managing, resolving and reporting complaints are a regulatory hot topic, not least because the level of complaints can flag other regulatory failures such as: miss-selling, poor internal controls and employee misconduct, amongst others.
Effectively managing complaints is essential to regain customer confidence and identifying the route cause can help prevent future complaints by addressing the problem at source.
Most Regulators consider protecting retail investors to be a primary objective so there are detailed requirements in this area.
GRC-Maestro supports your complaint management and reporting with:
- Maestro-Templates: based on your specific complaint management requirements for different regulatory jurisdictions
- Schedules: periodically sending Maestro-Forms to designated control staff to record complaint levels (new/resolved/in-progress)
- Incidents: evaluate complaints with automatic and manual incident creation, reporting and resolution
GRC-Maestro evidences to your clients and regulators that your business operates an effective complaint management management environment.
Reporting on: Client Suitability
- Product Due Diligence
- Client Investment Profile