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Meet Paul

08 July 2021

Family orientated Paul has been at BDO for just over a year and leads the BDO regulatory consulting team. When he isn't looking after his two young children, Paul enjoys being active, and has run in the London Marathon and plans to run the Great North Run this year.

Q: Tell us a bit about yourself and your interests.

I am a dad to two young children, so it is difficult to find time to have hobbies and interests! When I do have spare time, I’m a keen runner and I’ve raised almost £4,000 so far for the MS Society, running the London Marathon in 2019 and hopefully the Great North Run for them this year (fingers crossed it goes ahead!).

I’m a proud supporter of Burnley FC, so enjoy watching them play when I am able and am looking forward to taking my son to Turf Moor. Probably as a result of supporting Burnley, I’m a bit of history nerd. In an effort to reduce my carbon footprint I get the bus to and from the office, which has the added benefit of giving me some time to myself each day. I tend to spend this time with my head in a history book - typically on some aspect of the second world war.

Q: How would you describe what you do for your clients?

A: Our core aim is to support regulated businesses with their governance, risk and compliance arrangements. This ranges from day-to-day support, through ad-hoc advisory work and training, to one-off third-party reviews. We are also seeking to assist clients in making their compliance arrangements more efficient through our RegTech offering, the first element of which is our recently launched Hyperion CMP product.

Q: Who is a typical client in your area?

A: Every client is different, and their needs will therefore differ. We aim to offer a service which is tailored to the requirements of each individual client; there are no ‘off the shelf’ services on offer here!

Q: Are there any trends in what’s top of mind right now for your clients?

A: The regulatory world is always changing. Rather than reacting to these changes, we have an advisory team made-up of senior ex-regulators who proactively keep abreast of forthcoming issues and understand the reason why changes are made. This understanding allows us to adopt pragmatic approaches with clients which achieve the desired outcome, rather than second-guessing the regulator’s aims.

Q: What would be your top tip to clients in a similar field who are looking to manage their risk, to develop their business and/or to grow operations? 

A: Don’t overlook the benefit of seeking the input of third parties to enhance or confirm the effectiveness of your governance, risk and compliance arrangements.Given the frequency of regulatory change, a periodic review can be a cost-effective way of both ensuring compliance with regulatory obligations and avoiding the cost of remedial work, as well as assessing the efficiency of the policies, procedures and practices adopted.

 

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