Technology risk and regulatory readiness for a financial institution
Prepared a Pakistani financial institution for a State Bank of Pakistan review with a risk framework, owned controls and board-level risk reporting.
Service 01 · Govern & Assure
Technology Risk, Governance & Compliance
We help organisations identify, assess and manage technology risk across people, process, technology and data, with strong governance and regulatory compliance.
Challenges we address
Situations where organisations typically ask us for help.
Risk and controls lack a framework
Technology risks are tracked informally, and controls have not been designed or mapped against a recognised framework.
A regulatory review or audit is coming
You need to show regulators such as SBP, SECP, PTA, NCA or SAMA that requirements are mapped, gaps are known and evidence is ready.
The board lacks a clear view of risk
Directors need clear, decision-ready reporting on risk appetite, key risk indicators and remediation progress.
Fraud and vendor exposure is unclear
Privilege misuse, data manipulation and third-party dependencies have not been assessed or monitored.
What we do
Enterprise Risk Management
Risk framework (ISO 31000), appetite, registers, KRIs, scenario analysis and board reporting.
Governance & Controls
Governance frameworks, policies, control design and mapping, Three Lines Model, board support.
Regulatory Compliance
Regulatory mapping, gap assessments and audit readiness across SBP, SECP, PTA, NCA and SAMA.
Fraud Risk Assessments
Technology-enabled fraud scenarios, privilege misuse and data manipulation risks, with roadmaps.
Third-Party Risk
Vendor due diligence, third-party risk framework, SLA and contract review, ongoing monitoring.
Continuous Assurance
Control effectiveness testing and KRI monitoring that reveal gaps and drive maturity.
Our approach
1. Identify
Context, assets and threats.
2. Assess
Likelihood, impact, inherent risk.
3. Design controls
Preventive, detective, corrective.
4. Treat & monitor
Implement controls, track KRIs.
5. Review & improve
Assurance and maturity.
Key deliverables
- Risk framework & policy
- Risk register & heatmaps
- Control library & SoA
- KRI dashboard
Frameworks & standards
- ISO 31000
- ISO 27001
- COBIT 2019
- NIST CSF
- COSO
- SOC 2
Why KAN
- Deep technology expertise paired with strong governance discipline
- Focus on real risks, not paper compliance
- Regulator-aligned: SBP, SECP, PTA, NCA and SAMA
How we can help
- Design or refresh your risk and control framework
- Prepare for regulatory reviews and audits
- Give the board clear, decision-ready risk reporting
Related case studies
Frequently asked questions
Which regulators do you align technology risk work with?
Our regulatory compliance work covers regulatory mapping, gap assessments and audit readiness across the State Bank of Pakistan (SBP), SECP and PTA in Pakistan, and NCA and SAMA in Saudi Arabia.
Which frameworks do you use?
We build risk frameworks on ISO 31000 and draw on ISO 27001, COBIT 2019, NIST CSF, COSO and SOC 2. Controls are designed and mapped using the Three Lines Model.
What will we receive at the end of the engagement?
Typically a risk framework and policy, a risk register with heatmaps, a control library and Statement of Applicability (SoA), and a KRI dashboard for board reporting.
Do you also cover fraud and third-party risk?
Yes. We assess technology-enabled fraud scenarios, privilege misuse and data manipulation risks, and we cover third-party risk through vendor due diligence, a third-party risk framework, SLA and contract review and ongoing monitoring.
How do you keep controls effective after the project?
Through continuous assurance. Control effectiveness testing and KRI monitoring reveal gaps and drive maturity, which is the final "review and improve" step of our approach.
Related services
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02
Maturity & Operating Models
Maturity assessments, governance structures and operating model design.
03
Internal Audit & Assurance
Independent, risk-based assurance and audit committee support.
Let's build trust, resilience and growth together.
Talk to us about the right combination of services for your organisation.