Robotic automation lets organizations automate current tasks as if a real person was doing them across applications and systems. It interacts with individual systems in the same way as a human user, meaning no complex system integration required, Functional trained robots are virtual workers and execute rule-based information, Processes, improving accuracy and efficiency.
Licensing and Registrations: Data entry and validation for U4 Form and other jurisdictional forms transfer amendments.
Personal Account Dealing: Periodic disclosure attestations with changes, Review of account openings with paper statements, Paper trade entry, Paper statement uploading to accounts transfer disclosures.
Outside Affiliations and Private Investments: Affiliations and investment reviewing with papers artefacts and responses from other functions within the organization, Periodic disclosure attestations, Transfer disclosures.
Gifts and Entertainment: Reconciliation of the gifts and entertainment to expense system.
Risk Change Explain: Identification and explanation of exposure movements, Determination of data-related or business-related causes for exposure movement.
Limits Management: Perform evaluation of credit limits, Determine causes for limit breaches, Recommend or perform remediation action based on circumstance.
Risk Reporting: Aggregate and segment data for standard reports (e.g., Top 50 Counterparty Report)
Data Quality: Execute timeliness, accuracy, and comprehensiveness checks, and initiate remediation actions where required.
Travel and Expense: Audit expense reports.
Control Assessment: Analyze standardized control evidence to substantiate effectiveness
Activity Tracking: Examine system logs to identify suspicious or illegal activity.
Client On boarding / Know Your Customers: Validate customer due diligence info and enter into account opening system.
Reporting: Compile information into standard reporting formats, and act on results.
Data Reconciliation: Reconcile processes, risks, and controls across operational risk management and business process management systems.
Anti-Money Laundering (AML): Suspicious activity report prep based on AML monitoring outcomes