Long term success requires robust control frameworks

What We Do

Equip to Succeed

Since 2015, we have been providing training and consulting services to finance teams in banks, trading firms and Fintech companies.

Why do clients choose us?

  • Time Efficiency: Our clients value their time and need high-quality training products tailored to their unique needs.
  • Risk Reduction: Our training programs significantly reduce the risk of critical control failures.
  • Knowledge Transfer: We facilitate effective knowledge transfer in offshoring and nearshoring projects.
  • Expert Advice: Unlike traditional consulting firms, we provide clients with direct access to experts in their specific areas of need. Our clients highly value our subject matter expertise for independent advice and short-term resource requirements.

 

Why is our subject matter experience important?

Our expertise helps strengthen your control framework, ensuring that your organization avoids becoming the next negative headline.

“No operational risk framework or internal control system is completely immune from rogue trading. However, strong governance, operational risk management and control culture across all businesses, especially those which generate high profits & losses, can significantly mitigate such risks.”

CEBS, 2008 (Societe Generale $4.5bln rogue trading loss)

“UBS’s trading losses highlighted serious deficiencies in risk management and controls. In FINMA’s view, the fraudulent transactions executed by the rogue trader would have been detected sooner if these deficiencies had not existed. Furthermore, Product Control’s level of challenge to the Front Office was inadequate.” 

FINMA, 2011 (UBS $2.3bln rogue trading loss)

“CIO management (including CIO’s Finance function) failed to obtain robust, detailed reporting on the activity in the Synthetic Credit Portfolio. Compounding the matter, the CIO Finance function failed to ensure its price-testing procedures were being followed properly and rigorously implemented, and that it produced robust reporting and analytics. More generally, although primary responsibility for managing risk lies with the business head and Risk organization, the CFO of CIO missed a number of opportunities to meaningfully challenge the trading strategy.

JP Morgan Task Force, 2012 (London Whale $6bln losses)

 “Listed firms must ensure that the information they are disclosing to the market is right. This is what investors are entitled to receive.”

FCA, 2022 (Metro Bank underreported RWA by $1.1bln | The firm & former CEO & CFO fined by PRA/FCA)

Our services

Training

Check out our on-demand Product Control training @MondaySkills

We also offer live & in person training. We design courses based upon your team’s needs. 

Product Control Foundations is our most popular course for those with less than 5yrs experience.

Significant Control Failures is our latest 90min workshop which reviews Metro Bank’s RWA failure and Lehman’s Repo 105 “fraud”.

This workshop magnifies the consequences of control frameworks being a low priority.

Consulting

Are you looking to fortify your control framework and protect your firm from significant losses?

Do you need experts in Product Control, Financial Control, Internal Audit, or Project Management to assist with a project or address a resourcing gap?

We can collaborate with you to enhance your control framework and resolve your resourcing challenges.

Resources

FINSED founder, Peter Nash, authored the world’s first and only comprehensive review of Product Control: “Effective Product Control: Controlling for Trading Desks” (Wiley, 2017).

Start a Project With a Free Consultation

No matter what stage you are at, we want to help. Reach out to us today for a no obligation conversation to help us understand your needs. 

Contact Us

Have a question or want to enquire about training or consulting? 

Contact Info

+65 8752 4205

hello@finsed.com

Send a Message