Who We Are
Sicsic Advisory is a strategic regulatory and risk consultancy.
We work with financial services boards and senior managers to deliver sustainable business models by helping them achieve commercial, operational, and financial resilience.
Our team of senior consultants has a combination of expertise gained through direct experience as ex-regulators, lobbyists, consultants, and industry leaders. We get to know your business and work alongside you as trusted advisors, expert interpreters, and a hands-on extension of your team.
Sicsic Advisory was founded in 2019 by Michael Sicsic, a senior executive in the field of risk and regulation and former head of supervision for the UK general insurance retail sector at the Financial Conduct Authority (FCA). He built a consultancy with the vision to provide firms with expert regulatory insight, senior-level industry experience and honest, collaborative delivery.
We make sure you receive the advice you need, tailored to your businesses’ circumstances, specific goals and aspirations.
MyComplianceOffice (formerly Governor Software) and Sicsic Advisory formed a strategic partnership to revolutionise how UK regulated insurance firms can stay compliant in a constantly evolving regulatory environment.
MyComplianceOffice supports senior risk and compliance executives at financial institutions maintain governance and oversight through clear visualisation of their regulatory obligations and risk appetite.
Their team have first-hand experience of the production and oversight of governance information within financial institutions. Empowered with this unique knowledge, MyComplianceOffice have taken a fresh approach to addressing these challenges; using visualisation technology to efficiently tackle the issues associated with governance and oversight.
We are bringing together our collective industry and regulatory experience around risk management, risk modelling and regulatory change – gained across banking and insurance sectors.
We are focusing specifically on operational risk management and climate change financial risk management.
Elseware are specialized in risk modelling and quantification.
Elseware analyse and assess operational risk scenarios using a structured method and a simulation software (MSTAR). This method is used by leading financial institutions for regulatory (CCAR, ICAAP) and non-regulatory applications (KRI, risk management).
This method is now applicable for Climate-related Financial Disclosures (TCFD).
You can find out more about Operational Risk Modeling in Financial Services here.
We have established a strong relationship with ORIC International to set up an operational resilience benchmarking solution for insurers and investment firms.
ORIC International is the operational risk consortium for the (re)insurance and investment management sector globally and a leading provider of specialist operational risk data and benchmarking services, with extensive membership across both the general and life insurance sectors.
ORIC facilitates the anonymised and confidential exchange of operational risk intelligence between member firms, providing a diverse, high-quality pool of quantitative and qualitative information on relevant operational risk exposures.
Get in touch
If you have any questions or queries we would love to talk them through.