Multi-functional Compliance Support for US-based Global Asset Manager

Bandwidth constraints prevented the client from focusing on various critical compliance tasks, and they were missing compliance milestones related to key industry regulations
Lack of comprehensive policies, procedures, and other compliance-related documents impeded an effective compliance programme
We noted a lack of compliance domain expertise to perform multiple tasks

Acuity Knowledge Partners' solution was split into two phases:
Phase 1 : White boarding and documentation
- Focused on identifying crucial tasks for streamlining from the client’s perspective
- Conducted comprehensive review of existing policies and procedures to identify gaps for the identified tasks
- Came up with suggestions that benchmarked the policies and procedures against industry best practices and legal/regulatory requirements
Phase 2 : Migration and delivery
Offshored 10+ critical tasks in a phased manner to ensure process continuity
Deployed a train-the-trainer model
Tasks migrated to Acuity’s offshore utility include:
- Guideline coding and monitoring
- Post-trade review
- E-communication monitoring
- Code of ethics/tracking securities trading
- Due diligence
- Regulatory Filings
- MNPI Monitoring
Migrated many processes over the years due to continual delivery of superior services

Reduced the client’s workload by 30%
Streamlined processes allowed for:
- 100% review of tracking securities trading
- 3x review of e-communication
Formulated robust procedure for validating fund investment guidelines, which eliminated redundant steps in the process
Suggested industry level best practices to reengineer compliance workflows
Helped reduce compliance department costs by 35% (as a result of our offshore presence)

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