Regulatory Risk Management Services

According to the Directive 2006/73/EC of the European Commission, implementing MiFID, as regards organizational requirements and operating conditions for investment firms, an IF is required to take the following actions:

• To establish, implement and maintain adequate risk management policies and procedures which identify the risks relating to the firm’s activities, processes and systems, and where appropriate, set the level of risk tolerated by the firm,
• To adopt effective arrangements, processes and mechanisms to manage the risks relating to the firm’s activities, processes and systems, in light of that level of risk tolerance, and
• To monitor the following:
• The adequacy and effectiveness of the investment firm’s risk management policies and procedures,
• The level of compliance by the investment firm and its relevant persons with the arrangements, processes and mechanisms adopted in accordance with point (b), and
• The adequacy and effectiveness of measures taken to address any deficiencies in those policies, procedures, arrangements, processes and mechanisms, including failures by the relevant persons to comply with such arrangements, processes and mechanisms or follow such policies and procedures.

Secqoia provides a full package of Regulatory Risk Management Services:

• Continuous communication with the Commission on risk management related matters and monitoring of applicable legislation, effectively incorporating changes, updates and/or amendments to circulars, directives, laws, rules and regulations in the preparation of reports related to the Company’s risk management function,
• Preparation and annual review of the ICAAP Report (Internal Capital Adequacy Assessment Process Report),
• Preparation and submission of quarterly Capital Adequacy Report,
• Preparation and submission of quarterly Large Exposures Reports,
• Preparation and submission of quarterly Leverage Report and Report on Geographical Concentrations,
• Preparation of annual Risk Management Report and relevant Board Meeting Minutes,
• Preparation of annual Risk Disclosures (Pillar III Disclosures),
• Preparation of annual Risk Management Committee’s Meeting Minutes,
• Provision of ad-hoc telephone support on risk management related matters, and
• Tactical Risk Management Visits

Secqoia offers the aforementioned Risk Management Services in two ways:

Option A: Full Outsource of the Risk Management Function, which means that Secqoia will be included in the CIF’s of IF’s organizational structure; in effect, eliminating the obligation for hiring a full time Risk Manager.

Option B: Partial Outsource of the Risk Management Function, which means that Secqoia will not be included in the CIF’s or IF’s organizational structure. Under this scenario, the CIF or IF will still need to appoint someone (potentially, one of its current employees) as the company’s Risk Manager.

Despite the fact that our pricing is, most probably, the best in the industry, we are committed to provide you with a beneficial counteroffer in case you receive a better offer from any other firm.

To receive a preliminary quotation (through phone), please feel free to contact us.