Collector Bank - How a holistic approach to internal governance reduces risk and increases the efficiency of the organization
Improved Durability
Enhanced Business Development
Increased Efficiency
“During 2020, we have put a significant amount of energy into making our internal governance framework more robust and efficient. I am very pleased with the collaboration with FCG and the insights they have provided. We will continue to use FCG’s expertise within GRC matters going forward.”
- Martin Nossman, CEO Collector

The Challenge
Internal governance is a wide area that affects the entire business of a company. Meanwhile, the financial industry is surrounded by comprehensive regulations with a great impact on operations. Subsequently, the changes in the regulations then often become the starting point for internal governance initiatives, as they are a consequence of the changes. There can be several challenges to approaching the internal governance work with that starting point, as every effort takes time and resources, with the risk of disrupting daily operations.
Managing every change individually can also become unnecessarily demanding over time. The same applies to the risks of a negative impact on operational efficiency. Finally, there is also the risk that a “regulation-driven” internal resource ensures good compliance with rules but does not include actions that can create other values and opportunities for the business. Collector decided to change this and take a new comprehensive approach around the company's view of and work with internal governance.
The Solution
The Results
The new model is built to support the business based on both current and future needs, increasing durability. A more solid framework keeps the individual initiatives together and creates a better overview, which also facilitates business development
The new internal governance model clarifies roles and functions, which increases efficiency and the ability to focus on the right efforts. The model also reduces the risks of unnecessary disruptions in daily operations in connection with changes, driven either by the regulations or the business.
With a stable infrastructure in place, it is easier to ensure compliance in connection with regulatory changes. A better overview, clearer routines and better tools to follow-up reduce the risk of involuntary risk-taking in Collector's business.
“I am very pleased with the collaboration with FCG and the insights they have provided. We will continue to use FCG’s expertise within GRC matters going forward.”
- Martin Nossman, CEO Collector

Company: Collector Bank
Meet the team
-
Adam Granqvist
Coordinating Project Lead
+46 72 176 59 02
-
Christine Ehnström
Legal & Compliance
+46 70 343 29 61
-
Jonas Ljungqvist
Risk
+49 174 152 42 27
-
Therése Marcks von Würtemberg
Compliance
+46 766 35 19 30
-
Nicole Personne
AML
+46 76 639 48 47
-
Matilda Hansen
GDPR
+46 72 179 49 69
-
Moi Brajanovic
Regulatory Reporting
+46 72 179 49 50
-
Daniel Hemselius
PSD 2
+46 76 649 11 56
-
Magnus Nelding
ICT
+46 72 179 49 53