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Cash Securities
Challenges
- Potential lack of available technology build for managing trade information flowing through various systems
- Trade executed over relay chats or phone by traders / sales team with no proper flow of information to other departments
- Management information to identify root cause of penalties charged by regulators may be unclear or lacking
Solution
- Perform trade capture / enrichment across product types using data capture forms and OCR technology
- Two-way / three-way reconciliation amongst blotter, recap and ticketing systems to ensure consistent and accurate information
- Monitor rejected / unprocessed / unmatched trades on a real time basis and liaise with several desks to facilitate resolution
- Investigate and provide recommendations to appropriate teams for resolution
- Publish daily / weekly / monthly metrics along with detailed analysis on breaks
- Provide management and compliance reporting support through a suite of reports such as TRACE, TMPG, Fails reports etc.
- Develop extranet to manage resolution and outstanding risk management workflow to monitor the progress
- Prioritizing cash fails across all desks based on notional and ageing, and mapping miscellaneous fails to salespeople
Benefits
- High accuracy of data transcription into client systems ensured by implementing checks and balances
- Wide experience of providing support for systems enhancement – work closely with the bank’s technology team to develop and deploy suggested improvements
- Digitized and catalogued trade recaps enhancing data quality and audit trail
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