Compliance and Risk

Compliance and risk management are no longer detached functions but need to be fully integrated into the business practices of the firm. Exposure identification needs to occur in real-time and prevented from growing into a liability for the firm. TransAd Partners helps plan and implement the action needed to integrate effective controls and oversight into the business practices across the enterprise, and create productive surveillance information on a timely basis.

Challenges currently faced by broker-dealers include:

• Systems and procedures need updating to meet the rapidly progressing regulatory requirements including FINRA Rules 2090 and 2111, and the pending Unified Fiduciary Standard rule
• Risk management personnel need the data mining tools and access to consolidated customer and firm data required to search for conditions signifying financial and regulatory risk for the company
• Supervisory hierarchies and workflows need updating to control the business in an efficient and high quality manner
• Supervisory and compliance personnel need to view and perform their procedures across the entire book of business of the broker-dealer and affiliated investment advisor(s) rather than be confined to silo views