Redundancy is the Enemy of Growth: Managing Personal Trading Compliance can be Easier

Too many spreadsheets. Several online systems. Hundreds of alerts. Data and inputs gathered each and every day from different peers in different departments. Sound familiar? If you are a compliance officer or manager, chances are it does.?

There is a different way. Teams using One-Compliance execute compliance decisions that are consistent, accurate and significantly faster, removing some of the bias we all bring to subjective decisions. Users see meaningful reductions in regulatory risk and cost, giving their compliance teams more time to focus on strategic matters. It also allows them to scale their firms’ growth at a faster pace, without continually hiring more compliance advisors to keep up with the addition of personnel, investors and new regulatory requirements.

A key reason why One-Compliance can provide these solutions to reduce or even eliminate redundancy is that our system is designed by compliance experts for compliance users. To understand how, let’s look at the personal trading features in One-Compliance that help eliminate time-consuming, redundant work.

Even if the firm utilizes some kind of automation, the Compliance Team still has a lot of manual work to do - sorting through false alerts, reviewing trades for holding period violations, responding to false and real alerts, reviewing paper statements of non-connected accounts and more. The process is detail-orientated and labor-intensive, and delays or misses are not uncommon.

One-Compliance modernizes the process. With integration through the Plaid platform, it is connected to more than 3,000 brokers in the U.S., Asia and Europe. The request process is automated, with flagging of requests for review by the compliance officer.?You can customize holding periods, you can exclude the review of certain securities (e.g., ETF, mutual funds), and tailor reviews of trades, as well as pre-clearance and restricted lists based on your firm’s policies.

Through AI and machine learning, One-Compliance will automatically cross-link all personal trading activity to data retained within One-Compliance, including the expert network, gifts and entertainment, outside business activities and more. Compliance teams can glean insights from built-in standardized reporting or create custom reports.

Finally, One-Compliance’s advanced logic automatically matches pre-clearance requests to broker transactions for automated identification of trades that are in compliance or in violation. In doing so, One-Compliance does not leave you alone to figure out solutions. It also provides you with recommended resolutions where discrepancies are identified. If you conclude that your employee breached a policy, One-Compliance auto-logs the breach on a dedicated log.

By eliminating redundancy and the slog of manual processes, the compliance team is free to focus on more complex and subjective reviews. And investment dollars for growth in the firm can be applied to other business needs vs. continually growing staff to handle the piles of manual process.

Are you a compliance leader looking to modernize and create space for your team to think more critically, reducing mundane and repetitive tasks? Are you a chief financial officer at an investment management firm, looking to reduce operational costs to redirect growth dollars in other areas? If so, please reach out to the One-Compliance team for a demo.