The Compliance team of a major Asset Management firm asked GreySpark to help with the enhancement of their trading surveillance capability.
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GreySpark was asked to launch a project to prevent future unauthorised trading incidents from happening in the future. As regulators around the globe now require banks to monitor, report and provide supervision on trading risk across all assets, the client needs a next-generation supervision and control platform.
Due to the recent cases of unauthorised trading, the client established a new unit with the aim of the early detection of behaviours that are indicative of potential unauthorised trading within the Investment Bank, in order to avoid financial and reputational loses.
The OpRisk Dashboard is an existing solution developed in-house, used to log a wide range of risk metrics from 50+ data sources which are exported to a report, and presented to COOs of certain businesses on a weekly/monthly basis.
The bank suffered a series of losses due to failure of operational controls, leading to a regulatory requirement to provide more comprehensive reporting.