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CSI Audit Services: OMS Audit

Is your firm confident that it is executing trades in a manner that is consistent with all Client investment guidelines?

Is your firm’s OMS an adequate technological tool for managing this risk?

A recent sample audit found only 37.6% of all of the Guidelines contained in the IMA, Investment Policy, and related documentation (the “Official Guidelines”) appears to be correctly represented in the OMS. This means that 62.4% of all of the Official Guidelines are potentially not being tested correctly in the OMS.

Organize

Contractual obligations: at a granular level, CSI finds and classifies all discrete investment guidelines across all account documentation – IMAs, Guidelines, SAIs, and amendments.

Supervise

OMS Functionality: CSI compares every official guideline in your legal documents with all your OMS tests. We determine whether the Official Guidelines are being tested by your OMS. CSI finds properly tested guidelines, improperly tested guidelines, and guidelines not being tested at all. We will also determine every potentially extraneous OMS restriction – a trading restriction that does not arise from legal obligations or firm policies.

Archive

Dynamic Reports: CSI will provide your firm with both summary reports and extensive documentation that clearly identifies areas of legal risk and gaps in your compliance structure stemming from your current OMS. We provide the information and advice for you to take the next steps to improve your firm’s compliance structure.

To best serve you, we offer a suite of modular audit services – guidelines inventory, OMS Comparison, Extraneous Limitations, OMS Capability, Client Communications, and Trade Desk. Let’s talk more about which package is the right fit for your compliance needs.