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J. Safra Sarasin Group: Continually enhancing our audit capabilities with innovative solutions

J. Safra Sarasin Group, as a family-owned private bank, acts as a proactive consolidator in the private banking market. The Group, present in more than 25 locations worldwide, continues to seek appropriate locations to best serve its clients and execute its growth strategy. Each of the Group’s entities receives, generates, processes and stores data in their day-to-day operations, thereby gathering massive amounts of available data that often remains untapped.

We have audited J. Safra Sarasin Group since 2013 and continually extend the scope of our services. Shifting from being compliance-focused to becoming creator of high-value services and support, we are using new, innovative approaches and technologies. The analytic tools we deploy allow the interpretation and communication of meaningful data, transforming the way we audit the Group. In addition to our regular audit, we also leverage the tools to map the Group’s clients, outline their risk profiles and shed light on how the Group serves them globally, as well as capture potential new business opportunities. These analytic tools not only support our financial audits, but also offer innovative ways to revolutionise regulatory assurance in many areas. As an example, to aid J. Safra Sarasin Group to further comprehend the bigger picture and get near real-time overviews on cross-border business or suitability elements, we implemented a tool that reveals patterns, trends and outliers in these areas.

The implementation and use of various analytic tools allowed us to create many insights and to bring further value to the governing bodies. 

“Today’s increasingly complex regulatory environment requires that the audit be more dynamic and insightful.”

“Deloitte has demonstrated their expertise, providing us with further insightful added value, while continuing to deliver quality regulatory audits.”