5WHY SOLUTIONS
5WHY SOLUTIONS
My name is Darren Boschat and I trade as 5Why Solutions.
My background is in financial regulation, with over 20 years of experience as a regulator, consultant and trainer.
You can find out more about me, and the services that I offer, below.
- Regulatory Supervision – Extensive experience in prudential, conduct, and financial crime supervision spanning banking, funds and fiduciary sectors
- Compliance Frameworks– Design and implementation of compliance frameworks, including risk-based compliance monitoring
- AML/CFT/CPF – Skilled in conducting AML/CFT/CPF Business Risk Assessments and the design of preventative measures
- Independent Evaluations – Conducting independent reviews of the effectiveness of boards and compliance functions
- Regulatory Mapping – Carrying out mapping and gap analysis against regulatory obligations
- Policy Development – Designing effective and user friendly policies and procedures
- Root Cause Analysis – Certified RCA facilitator
- Training – Experienced trainer, coach and e-Learning content developer.
- Regulatory Supervision – Extensive experience in prudential, conduct, and financial crime supervision spanning banking, funds and fiduciary sectors
- Compliance Frameworks– Design and implementation of compliance frameworks, including risk-based compliance monitoring
- AML/CFT/CPF – Skilled in conducting AML/CFT/CPF Business Risk Assessments and the design of preventative measures
- Independent Evaluations – Conducting independent reviews of the effectiveness of boards and compliance functions
- Regulatory Mapping – Carrying out mapping and gap analysis against regulatory obligations
- Policy Development – Designing effective and user friendly policies and procedures
- Root Cause Analysis – Certified RCA facilitator
- Training – Experienced trainer, coach and e-Learning content developer
- Master’s Degree in Regulation and Compliance Management
- Associate of the Institute of Bankers
- Certifications in Enterprise Risk Management, Root Cause Analysis and Sustainable Finance
- Advanced training in regulatory practices from IOSCO, the SEC, and the Financial Stability Institute
What I do
Trouble-shooting – I love fixing important problems. As a trained Root Cause Analysis facilitator, I can help your team to understand what has gone wrong and to implement effective solutions.
Support – I provide advice and support on all aspects of compliance risk management. Whilst I can’t serve as your Compliance Officer or MLRO, I can help staff performing these roles.
Training – I deliver a series of regular webinars on financial crime and other regulatory topics for the School of International Financial Services (“SIFS”). I can also develop tailored training material to be delivered in-house.
FAQ
Where do you operate?
I am originally from Jersey and now based in Spain. I operate remotely and can conduct all meetings and consultations via web conferencing.
Can we book you directly for training?
My regular SIFS webinars can be delivered in house and this can be arranged by SIFS.
If you have other training needs, then please contact me directly.
How do you approach your work?
I would like to think that I am creative, optimistic and versatile. My approach is to try to build capacity in the teams that I work with.
Sometimes a problem just needs to be fixed right away but I will always try to give you the tools to avoid it next time.
What type of Root Cause Analysis work do you do?
My RCA work is usually in relation to a material regulatory breach or near miss.
Clients may have experienced a significant breach event, or received adverse examination findings, and want to go through a structured process to fully identify the causes and inform their remediation plan.
Are you independent?
Yes. I am not affiliated with any financial services business or law firm.
Are you registered and insured?
Yes, I am registered in Spain as a self-employed Autonomo and have insurance for my activities.
Why are you called 5Why Solutions?
5 Why is a well known technique for getting to the root of a problem. I usually start by asking lots of questions to understand a client´s business and context. I expect it´s sometimes a little annoying, but it does work 😉