US-headquartered investment bank with presence in Europe.
The client availed SG Analytics' investment banking support to add bandwidth to implement a robust personal trade monitoring process.
SG Analytics' team conducted detailed scoping calls/meetings to understand tasks which could be offshored. Post discussions, SG Analytics deployed a team of two compliance analysts to take over the following tasks from the onshore teams (in a phased manner):
Monitoring daily auto feeds.
Following up with brokers to set up feeds for new accounts.
Reconciling employee accounts in PTA versus their account statements on a monthly/quarterly basis.
Reporting exceptions on any violations, errors, and discrepancies.
SG Analytics set up a streamlined screening process to review all trades.
SG Analytics set up a robust reporting framework for senior management.
SG Analytics support enabled the client to review 100% personal share trading transactions compared with c.50% transactions earlier.