Prior to embarking on a systems selection process, it is usually appropriate to review current practices compared to industry best practices. Depending on the needs of the client, Junction Partners can provide short two to three day executive review meetings through in depth operations studies. The goal is consensus building on priorities and determining specific steps to achieve results.
Examples of services include:
Junction Partners Operation Review and Optimization Process walks a client through a complete current state analysis providing a roadmap for the steps, workflow and templates required to document all aspects of the current state. We then apply a pre-designed set of buy-side industry best practices to design an optimized future state of operational workflow and business procedures.
Industry Best Practice Assessment
One of Junction Partners greatest assets in our toolbox is the fact that we have extensive market knowledge of industry best practices employed by large institutional investors, including operational workflows, systems architecture and integration strategies. Capitalizing on this strength of information, we are able to guide our clients effectively towards finding the most informed, cost-effective and scalable solutions.
We feel that keeping abreast of industry trends and developments is crucial to a successful business. Compliance, Modeling, Data Management, Performance and Trading – the “Final Frontiers” are dependant upon establishment of a best practice standard which tracks industry-wide automation levels and changes in technology.
Forming of an “Automation Gap” is a result of the following Industry Change Drivers:
- Dramatic Increases in Trading Volumes
- New Industry Trade Processing Models
- Electronic Messaging and Convergence of Standards
The investment management industry continues to be stretched by new product types and asset growth whilst simultaneously managing more complex asset types including derivatives. Whether firm assets are managed in-house or outsourced, Junction Partners has been helping its clients determine the technology, processes and governance required to support the expanding reach of the front office.
Junction Partners is frequently engaged to perform broad operations assessments and identify areas for business process re-engineering, risk reduction and possible consolidation of roles and responsibilities. Our industry experts leverage our understanding of the current and future market drivers that require specialized support and the ability to scale for future growth.
Junction Partners consulting staff have presided over numerous successful Operations Roadmap engagements. In each case, our consultants utilize a series of proven best practices and guiding principles to initially identify a Current State view of pain points and observations across a scope that can include functional areas ranging from Front to Middle to Back Office. We will conduct an operational review of current operational systems, procedures and staffing to facilitate the definition of appropriate operating models as we move into the Future State Phase.