OCC mandates such as conducting Reg. 9 investment reviews and
performing annual administrative reviews require a proactive
approach from national banks and trusts. To help firms minimize the
associated risk, InvestEdge ASP includes robust features aligned
with the natural compliance workflow of the organization.
For
example, the system can direct the flow of account reviews
throughout the approval process. Customizable routines sequentially
route reviews through each step of the review chain. All comments
and actions taken—from initial review to final approval—are
documented and saved.
InvestEdge also features screens and
reports for monitoring the review status of each account. Advisors
and compliance personnel can see which accounts have been reviewed,
their status (accepted or rejected), and associated comments.
Additionally, they can view which accounts are in the review queue,
as well as those due for review but not submitted. This enables
firms to prioritize, and provides the opportunity to conduct reviews
more evenly throughout the year.
Likewise, InvestEdge equips
account administrators with tools that simplify administrative
reviews. Integrated workflow features help administrators to more
efficiently set up accounts for administrative reviews, identify
accounts due for review, and guide accounts through approval
procedures.
But InvestEdge does more than automate the
review process—it also helps to minimize the problems unveiled. The
system includes an exception-based compliance engine for asset-level
portfolio monitoring.
Through daily compliance checks,
InvestEdge proactively analyzes portfolio holdings and allocations
to ensure alignment with customer mandates, firm policies, and
government regulations. When issues are identified, investment
professionals receive instant notification and corrective measures
can be immediately taken.
Transition compliance
from a reactive event to a proactive process throughout the
review cycle
Click to enlarge and
view more portfolio management screen shots
Automate and record each
step of investment and administrative reviews (including who
reviewed, when, comments, actions, and final approval)
Minimize risk with a
history of all compliance issues and the actions taken
Manage accounts in accordance with client-specific and firm-wide policies
