GRACE CCO is a web based compliance management solution for hedge funds , broker-dealers and registered investment advisors
Built on Oracle Technology it is a scalable, secure and easy to implement solution. Being built in Oracle the system can scale from a small office to those of large broker-dealers without any change
GRACE CCO provides all functions needed by a Chief Compliance officer
It helps you build a repository of your polices and procedures and helps you manage the changes, revisions, versioning, review and release management
It provides a compliance calendar that allows you to set up periodic compliance activities and assign them to staff for execution. The staff receive alerts for these activities on their due dates and can see their own calendar along with any overdue items. They can fill in the compliance findings into the system along with attachments to substantiate their findings. If there is a risk to the organization, they can also record the risk and classify its level. Risks can be assigned to risk owner and the risk owner can set up tasks for mitigating the risk. All findings are available in the repository and can be used to see risk trends.
Annual Risk Assessments can be conducted based on a risk assessment calendar. Standard Checklists can be set up to conduct risk assessments in a comprehensive manner and findings can be tagged to the checklist item. Impact assessment of the findings can be done and risks identified can be classified for level. Risk owners can be set up to ensure risk mitigation task management and risk status reporting
Trade restrictions can be set up. Pre-trade approvals can be requested to the compliance officer(s) who can see it in their queue and approve / reject it.
Staff can report their gifts, political donations, and any conflict of interests they see in their activities to the compliance officer for their approval.
Expert network information can be set up and staff can report insider information if any received
End of day trade, position and custody data can be loaded to the system and trade verification and monitoring can be conducted to ensure trades are not in violation of restrictions.
Trade patterns can be viewed to ensure no insider trading activity patterns show. If there are any seen, risk records can be created to highlight the issue and steps can be taken to ensure future activities are stopped.
Personal trade verification can be monitored on the system.
Online attestation can be conducted for all documents that have to be signed by staff
Training calendars and training activities can be conducted on the system
The central compliance dashboard gives the organization a complete view of all regulatory risks and helps them mitigate it at the earliest
GRACE CCO is a robust web based system that can ensure compliance to regulatory requirements by staff through a continuous monitoring process
Regulatory examinations can be faced with confidence.
Books and records needed for regulatory examinations can be obtained without additional work.
GRACE CCO helps institutionalize the "Culture of Compliance and Risk Management" in the organization
It provides the continuity of all compliance information and process should there be any change in compliance personnel