Overview
Corporate Actions (CA) are known to be the riskiest piece of the post trade process. As manual processes continue to burden the industry, firms are unable to keep pace with the increase in volumes, complexity of events, and overall volatility of the market. This drives the need for increased straight-through processing (STP) through automation, higher efficiency, and better controls in place to mitigate risk.
We offer a unique blend of subject matter expertise, senior industry experience, and specialism in transformation and change with a commitment to deliver measurable value.
Specialisms
- Assessing Operational Risks and Controls.
- System Reengineering & Decommission.
- Processing and Procedure Efficiency.
- Reconciling Aged Payables and Receivables.
- Training and Knowledge Transfer.
- Regulatory Readiness & Industry Changes (ie The Road to T+1).
- Davies empowers new solutions to old challenges to deliver skilled people, efficient processes, enhanced technology, and a collaborative corporate action culture
- Expert-led specialists across banking, asset and investment management, financial markets infrastructure, and wealth management.
- Expert witness testimony for high profile court cases detailing:
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- Event processing
- Procedural best practices
- Potential Missteps
- Industry highlights and challenges
- Expertise in six core areas:
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- Business strategy
- Risk finance and control
- Operational excellence
- Technology transformation and digitization
- International regulatory compliance
- Leadership, talent, and cultural transformation
- Extensive vendor contract negotiation experience with significant savings realized
- Established framework for seamless T+1 implementation
- Operations, Finance & Technology expertise in setting up new environments
- In depth corporate action lifecycle expertise
- RCSA for Asset Servicing
- RCSA program setup:
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- Strategic inherent and residual risk identification
- Mitigation and evaluation of controls
- Inventory and Assessment of gaps
- Establish appropriate levels of accountability across all lines of business
- Strategic response decision making
- Risk reporting
- Procedure Refresh
- Attestations
- Renewals
- Ongoing reviews
- Experience with Tier 1 processing systems such as:
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- TCS BaNCS
- Broadridge Suite of Applications: BPS, Gloss, Impact, GCAS, and Astrid
- IHS Markit
- Smartstream
- Proven delivery of projects on time and under budget
- Hands on development of business requirements (BRD) for system interfaces
- Expert, actionable advice
- An experienced team with requisite corporate actions knowledge to deliver value on all primary vendor delivery programs.
- Served as SME in the design and development of new target operating models for Tier 1 banks.
- Provided market assessments for CA software providers by evaluating the product’s market potential and opportunities for new client growth.
- Provided Current vs Future state analysis.
- Performed Gap analysis/risk assessments, providing insight for implementing tighter controls and automation to mitigate risk.
- Resolved over $700 million in open balances for tier 1 banks.
- Assisted in due diligence in vendor selections through RFP.
- Provided in depth CA lifecycle expertise in building robust processing engines.
- Decommissioned legacy CA platforms.
- Assisted in the design and set up of new processing systems.
