Setting up of processes and systems in financial market
We assist our clients to set up business operations step by step with integrated risk management systems in the following lines of business:
• Brokerage Houses for Retail and Institutional Desk - Cash and Derivatives Segments
• Commodity Houses
• Portfolio Management Services
• Depository Business
• Margin Trade Funding • Insurance Companies
• Hedge Funds
• Private Equity
The stage wise services offered are:
• Application for regulatory licensing
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Listing down the detailed exchange & regulatory requirements
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Co-ordination with the internal team for compilation of data from various departments as per exchange and regulatory requirements
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Filling up of various forms prescribed by respective regulators Interacting with exchange / regulators for procurement of licenses / grant of certificate
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Interacting with bankers for obtaining of bank guarantees for commencement of broking business
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Interacting with the Chartered Accountants for procurement of net worth certificate/financial statements as per regulatory requirements in the prescribed formats.
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Working in close co-ordination with internal team/top management
• System Level detailing of functionality and vendor evaluation
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Front office order execution and management.
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Middle office operations.
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Back office operations
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Depository operations.
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On-line trading
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Risk management systems and process
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Vendor evaluation based on comparative analysis of systems specifications and functionalities for existing features, level of development and cost benefit analysis
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Preparation of detailed reports on the system functionality, level of customization required across various vendors
•Post procurement of licenses-Process Level
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Setting up of department structure as per the processes defined.
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Department structure in the form of number of team members required
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Defining of responsibility of the team members for the tasks identified
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Preparation of standardized operating procedure for details on the process to be followed
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Training of the team members on the operational aspects/system level training/compliance requirements. - Part of LearningnBeyond series
• System Level- implementation
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Preparation of Service level agreement, terms and conditions between the client and the vendor.
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Coordinating with vendors for completion of the customization
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Ensuring timely and quality delivery from the vendors for the specifications and customizations laid down.
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Preparation of multiple business scenarios for testing of the functionalities defined and delivered by the vendor.
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Conducting an end to end UAT of the product delivered
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Training of the users
• Setting up of channel partners in the form of business associates & partners
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Listing down the detailed exchange & regulatory requirements
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Making application to the regulators/exchange/depositories for grant of certificate.
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Preparation of reports mentioning the terms & conditions required for entering into agreement with business associates & partners.
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Fixing of responsibilities of the internal team members for signing off process as specified in the terms & conditions report.
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Listing down & implementation of the structured work flow mechanism.
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Co-ordination with internal teams, regulators and the channel partners for timely commencement of business operations.
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Preparation of Standard operating procedures mentioning the responsibilities and scope of the channel partners.
