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Data Analysis & Controls Implementation - Trader Mandates, Regulatory Compliance – Global Bank

Cross-border permits framework require a permit to be in place prior to soliciting or executing transactions with client counterparties. Permits feature within Trader Mandates and therefore require a control to ensure adherence. This control was missing from our client’s process and had legacy risk due to an inability to design a control that would mitigate or identify breaches.

Permit and trade/sales person information are data points needed to implement the suite of cross border controls.

Broadgate Partners were hired to deliver a control as well as operating it tactically, until a strategic solution could be designed, whilst supporting the identification of key data points in upstream systems such as Bloomberg that will be used to identify the right solution

  • Provided data support for the overhaul of the Trader Mandate framework by creating new structures for book access, dealing authorities and product mandates. The scope involved implementation of role-based assignment profiles, new trader controls and their linkage to the booking model
  • Designed and implemented attributes for key elements of the framework
  • Systematically mapped traders’ book access to dealing authorities and permitted products
  • Modelled data, defined metrics, and connected databases to optimise trading activity supervision
  • Planned, developed, and released rule algorithms for tactical trading control
  • Structured and consolidated trade records aligning data taxonomies from multiple source systems
  • Streamlined tasks and interlinked trading activity with trader-user databases to detect exceptions (e.g., rules to identify trades executed without required permissions or certifications (FCA, 15a-6))
  • Ratified and deployed trader controls, enabling recurring reconciliation of transactional data with trader mandates, individual attestations and permitted product
  • Liaised with our client’s IT division to fully operationalise the remodelled framework (e.g., cross-border permits, book access & ownership, profit & loss sign-off, geographical remit, cross-entity permits)
  • Controls implemented: counterparty type, cross-entity trades, cross border trades, out of hours trades
  • Tools used: MS SSMS (SQL), DSS Dataiku, Qlik Sense, MS Excel, SDM Prod Console

 

Meet the team

Malcome Clark

Malcolm Clark

Director and co-owner
Malcolm has over 35 years of financial services recruitment and management consulting experience. After graduating from the University of Exeter in 1989, he initially worked in the accountancy and media sectors before moving into the recruitment industry in the early 1990s. As an investment banking operations and change management specialist, he has worked with some of the world’s leading financial services institutions across the globe. Malcolm moved into management consulting in 2013.
Martin

Martin Perkins

Director and co-owner
Martin has over 35 years financial services logistics experience with 21 of those years spent in investment banking operations. The majority of his career was spent at UBS, where as a Director, he managed a number of departments including: Cash Management, Equity Derivatives Middle Office and Settlements, OTC Equity Control, BAU Process Change, Credit Derivatives Settlements and the cross-asset class ISDA OTC Documentation area. Martin moved into financial services recruitment in 2006 and management consulting in 2013.
Julian Crow

Julian Crow

Director
Julian has over 30 years of financial services recruitment and management consulting experience. After graduating from the Newcastle Business School in 1994, Julian initially worked in the FMCG sector before moving into the recruitment industry in 1996. As an investment banking, asset management, finance and change management specialist, he has worked with some of the world’s leading financial services institutions in the UK, US and Asia. Julian moved into management consulting in 2013.