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Asset Managers’ Operational Due Diligence Obligations in 2019 (Webinar Replay)

By Eze Castle Integration | Tuesday, July 23rd, 2019

In today’s investor landscape, it is crucial for Asset Managers to be cognizant of and prepared for Operational Due Diligence requests.

In a recent webinar, we heard from ODD experts from Eze Castle Integration and Eisner Amper to learn about the current environment for Asset Managers. Their insights into the ODD process include:

  • Preparing for the ODD Process

    • A great practice is any question that you have answered on a DDQ [anything that requires additional or backup info] – be sure to have them prepared in two ways: a hard copy during meeting and soft copy for deliverable for post meeting

    • Organizational charts, or anything illustrative makes for a great deliverable

  • Top 3 Operational Process Observed in ODD

    • Cash Management Flows & Controls

    • Valuation

    • Fund Accounting

  • Top 3 Qualifying Technology Topics in ODD

    • Business Continuity and Disaster Recovery

    • IT Infrastructure

    • Cybersecurity

  • Red Flags for Investors

    • Lack of trust

    • Lack of independent oversight

    • Unwillingness to provide transparency

    • Insufficient checks and balances

    • Unsatisfactory service provider engagement

  • Investor’s IT Expectations

    • Disaster Recovery and Business Continuity Planning

    • IT Security Policies & Access Controls

    • Audits, Assessments & Certifications

    • Policies, Plans & Procedures + Employee Training

    • Vendor Risk Management

    • Systems, Network & Infrastructure Overview

Get more insight into these ODD observations by listening to the full 40-minute replay here or below.



 
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