2010 September « Stone House Consulting

27 September 2010 • 3:10 pm 0

Operational Risk #7: Amalgamated Assignments—Segregation of Duties

We’re sorry—the article you are looking for is no longer available on our website. However, it is included in our book, The Top Ten Operational Risks: A Survival Guide for Investment Management Firms and Hedge Funds. Purchase your paperback copy or Kindle version!

Filed under: Hedge Fund / Alternative Investment Management, Managing the Business, Operational Risk, Outsourcing, Performance Measurement, Traditional Investment Management, buy-side, Due diligence, hedge fund, investment management, operational risk, outsourcing, performance, performance measurement, prime broker, recordkeeping, segregation of duties, separate accounts, wire transfers

21 September 2010 • 4:06 pm 0

Operational Risk: A Photo Really Does Speak 1,000 Words

An ‘alert reader’ sent us this link to a photo of JPMorgan’s London trading floor, which last week suffered from a plumbing problem–presumably from the floor above. We recommend anyone interested in operational risk click to see the photo and then envision your own trading desk or client files. We suspect JPMorgan may appreciate the witty comments on the posting, but would have preferred news coverage of a different sort.

If you read #1 Operational Risk: Complacency–Trivializing and Disregarding Risks and thought your organization suffered from such complacency, perhaps sharing the photo will drive the point home.

Meanwhile, can you imagine paper tickets in this mess?

Filed under: Managing the Business, Operational Risk, business continuity, buy-side, disaster recovery, hedge fund, investment management, operational risk, risk, technology, trading