Long term success requires robust control frameworks
What We Do
Equip to Succeed
Since 2015 we have been training and consulting with product control and financial control teams in both TradFI & FinTech.
Why do clients enjoy working with us?
- Our clients are short of time and need high quality training products that meet their unique needs
- Our training reduces the risk of significant control failures
- Our training facilitates effective knowledge transfer in offshoring & nearshoring projects
- Our clients leverage our subject matter expertise when they need independent advice or short term resouces
Why is our subject matter experience important?
We help strengthen your control framework, so you don’t become another 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
Do you want to fortify your control framework & protect your firm from significant losses?
Do you need Product Control, Financial Control, Internal Audit or Project Management experts to help with a project or resourcing gap?
We can work with you to improve your control framework and solve 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)
We also provide valuable resources for FREE. Sign up to our email list and get your free resources!
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?