The ever-increasing focus by the Regulators on the accountability of senior management, particularly when things go wrong, emphasises how important it is for individuals in senior positions to have a clear understanding of what is expected of them. This succinct course is designed to assist Senior Managers to have a full understanding of what they need to do to achieve compliance with the rules under the obligations created by the Senior Managers and Certification Regime (SMCR).
We provide bank asset management groups engaged in trust, custody, and investment management activities with risk, compliance and internal audit consulting services leveraging techniques used by banking regulators and industry leaders. ACA specializes in asset management, and its true value and competitive advantage is the breadth and depth of expertise at all levels of the firm including prior regulatory experience at agencies like the Office of the Comptroller of Currency (OCC), Department of Labor (DOL) and Securities Exchange Commission (SEC).
We help internal audit departments maintain their stature and credibility within their organizations by lending our experienced consultants to execute audit plans, including required annual fiduciary reviews. Our solutions fit any phase of the audit process including planning, fieldwork, wrap-up and reporting. We also support first- and second-line risk and compliance professionals by helping them efficiently and effectively manage fiduciary risk.
ACA supports first and second line risk and compliance professionals by helping them efficiently and effectively manage fiduciary risk. Risk advisory consulting engagements include policy development, risk and control reviews and gap analysis, regulatory issue remediation (MRAs), control testing, and more. ACA’s services and level of involvement can be tailored to our clients’ needs.
ACA’s expertise in asset management is a valuable resource for Chief Audit Executives (CAE) who engage our firm to:
- Comply with fiduciary audit requirements
- Verify the completeness of their auditable entities
- Assess the reasonableness of risk ratings and annual plans
- Plan, execute, wrap-up or report on internal audits through co-sourcing or outsourcing arrangements
- Train internal staff to transfer more audit work to in-house resources
- 12 CFR 9
- Regulation R
- Servicemember Civil Relief Act
- Military Lending Act
- Bank Secrecy Act
- Identity Theft Red Flag Monitoring
- Privacy rules and regulations
- Investment Company Act for SIDDs
- Other federal and state banking standards
- Transaction processing
- Trade settlement
- Income collection
- Cault controls
- Post-acceptance and annual reviews
- Investment policy
- Asset allocation
- Subadvisor due diligence and monitoring
- Best execution
- Performance calculation and reporting
- Alternative investments
- Investment management
- Pre-acceptance reviews
- Account administration
- Unique assets
- Fee arrangements
- Affiliate transactions
- Soft dollars
- Retail nondeposit investment sales program
- Municipal Advisor Act compliance
- Cybersecurity, privacy and risk
- Robo-advising & digital wealth advising
- Third-party risk management/ vendor management
Protecting Your Business from All Angles: Announcing ACA Aponix's 2017 Cybersecurity Awareness Month Theme
September 27, 2017
Cyber incidents can have devastating effects on business of all sizes.
September 25, 2017
On September 14, 2017, the SEC’s Office of Compliance Inspections and Examinations (“OCIE”) issued a National Exam Program Risk Alert related to Rule 206(4)-1 under the Investment Advisers Act of 1940 (the “Advertising Rule”). The risk alert highlights the compliance issues most commonly noted by the SEC’s examination staff as part of a recent “Touting Initiative.” That initiative, which consisted of reviews of approximately 70 investment advisers, focused on the use of “accolades” in advertising.
September 20, 2017
The SEC has demonstrated ongoing commitment to developing its technological capabilities for detecting financial crimes is impacting investment advisers across the industry. Here are 5 things investment advisers need to know.
- Regulatory Technology
August 14, 2017
Communications record keeping obligations which include phone taping, are likely to prove particularly challenging when it comes to the cost of compliance and complexity of systems requirements.
July 20, 2017
The electronic communication mediums that investment advisers use to conduct business continue to evolve, posing a challenge to the compliance community’s ability to retain and adequately supervise
ACA and Ashland: Why We’re Excited to be the Best GIPS Compliance Verification and Performance Team in the World
May 26, 2017
Earlier this month, ACA announced that it is set to acquire Ashland Partners & Company, LLP's GIPS compliance verification and performance practice. When this transaction closes in June, ACA Performance Services will offer the most experienced team of GIPS compliance verifiers in the world, servicing over 1,000 clients annually, including 49% of the top 100 managers of institutional assets worldwide (as determined by Pensions & Investments magazine).
With less than six months to go until UK investment firms are subjected to a completely new prudential regime, a recent survey reveals that the industry is vastly underprepared. The data shows that just 4% of respondents are ready and capitalised for the FCA’s new Investment Firm Prudential Regime (IFPR) coming into effect in January 2022. Learn more about what this means for firms.
Waters Rankings 2021 Name ACA Group's ComplianceAlpha® Best Anti-Money Laundering Compliance Solution Provider
Our ComplianceAlpha® platform has been named Best Anti-Money Laundering Compliance Solution Provider in the Waters Rankings 2021.
ACA's Regulatory Reporting Monitoring & Assurance (ARRMA) service winner of the 2021 HFM European Technology Awards
Within a year of launching, ACA Group is delighted to announce that our ACA Regulatory Reporting Monitoring & Assurance (ARRMA) service has been selected as Best Regulatory Reporting Solution in the 2021 HFM European Technology Awards.
Senior management in Financial Services firms have a responsibility to ensure their employees have sufficient knowledge and understanding of the Regulatory environment they are working in. This knowledge helps in emphasising the need for compliance with policies and procedures in order to protect the firm and the individual from failing to “do the right thing”.
This course is specifically designed to assist Senior Management in meeting their statutory and regulatory obligations.