The merger of two global investment banks required the implementation of a single client onboarding firm structure and alignment of systems and procedure to a single global policy.
Corporate, Wholesale and Investment Banking
Target Operating Model
The two major global investment banks had their own set of systems, procedures and clients that needed integrating into the single bank whilst continuing to on-board their new clients. The requirement included the implementation of a single client on-boarding firm structure and alignment of systems and procedures to a single global policy.
Lysis provided experienced regulatory compliance and operational change consultants to design a suitable single solution to meet the business needs of the merged bank. A Target Operating Model which incorporated a strategic systems architecture was developed. Also, a System Integration Plan was developed to leverage the "best of breed" technology and working practices was produced. Lysis then successfully managed the execution of the programme over a 28-month period.
Lysis designed and implemented a compliance monitoring framework for a UK-regulated EMI. The aim of the framework was to ensure ongoing compliance with the Electronic Money Regulations 2011 (EMRs), including with the Money Laundering Regulations 2017 (MLRs).
Two global banks merged and Lysis was asked to manage the integration of the KYC Operations functions globally for the wholesale & Investment Banking division covering 200,000 customers and 65 countries.
A major wholesale and investment bank with global reach was placed under a Section 166 order regarding their KYC and AML controls.
