“Tougher regulatory compliance, increased scrutiny on risk, and ongoing pressure to reduce cost leave many organizations struggling to get by with personnel that are stretched thin or lacking in expertise,” said Ed Fitzpatrick, Director, Managed Services, Charles River Development. “Charles River’s experience with a global client base – monitoring over $18 trillion in assets – provides deep expertise and an economy of scale difficult to maintain with in-house staff alone.”
The Compliance Monitoring Service provides comprehensive daily monitoring coverage: Charles River specialists review and assess overnight compliance incidents and provide a daily summary of alerts, warnings, actions taken, and items requiring escalation. The Compliance Advisory Service ensures that compliance rules and processes keep pace with changing business needs and regulatory requirements: Charles River specialists perform regular compliance check-ups; advise and assist with rule creation, testing and validation; and optionally monitor regulatory rules for foreign ownership monitoring and substantial shareholder disclosure reporting (SSDR).
The Charles River Compliance Services are part of an integrated Managed Services solution that includes Application Management and Hosting, the Charles River FIX Network, and Charles River Data Services. Over 80% of new clients utilize Charles River’s Managed Services.
About Charles River
Charles River provides software and
managed services to automate front- and middle-office investment operations for buy-side firms. SaaS solutions, including application management, data and compliance services, support
portfolio management, compliance and risk monitoring, order and
execution management, and access to global liquidity. The company has more than 350 clients in over 40 countries in the institutional asset and fund management, alternative investments, wealth management, insurance, banking, pension and custody markets.