Our Services – FITS Consulting

Strategy

To meet the demands in a constantly evolving financial landscape, we partner with clients to create competitive advantages. Our strategic planning approach is driven by data analysis and input from stakeholders to establish goals within the framework of an executable plan.

Strategy Services:

Business Transformation
Resource Capabilities and Alignment
Clearing Model Assessment
Target Operating Model Design
RFI and RFP Development
Vendor Selection
New Business Onboarding or Product Delivery
Operations and Technology Alignment
Strategic Cost Reduction
Transaction Cost Analytics

Program Delivery

A structured Program Management Office delivers projects on time, within budget, ensures leadership goals are met, and enterprise risk is reduced.

Program Delivery Services:

Agile Expertise and Training
Analysis and Design
Methodology and Standards, PPM
Operating Model Implementation
PMO Design and Operation
Procedure Writing
Project Governance
Program / Project Execution
Change Management Control
Project Intervention and Recovery
Quality Assurance
Stakeholder Communication

Conversion

The industry’s most demanding transformation challenges require conversion solutions delivered across the full project lifecycle. Our client collaboration methodology, from vendor selection through implementation, is supported up by a stellar track record of successful client conversion engagements.

Conversion Services:

Back Office Transformation and Process Design
Business Acquisition System Integration
Business Case and Pricing Models
Business Requirement Documents and Functional Specifications
Data Mapping and Reverse Mapping
Desk Level Procedures
GAP Analysis and Functional Analysis
Business Readiness
Go-Live Support (Implementation Planning and Execution)
Pilots, Mock Conversions, and Dress Rehearsal
Post-Implementation Production Support
UAT and Regression Testing/Defect Management
Vendor Selection

Self-Clearing

Firms evaluating a self-clearing strategy rely on FITS proven business modeling and feasibility services to assess the impact of migrating to a self-clearing brokerage model. Self-Clearing strategy assessments and feasibility studies based on economic and business modeling provide the foundation for a client’s decision-making. Once the decision has been made to become a self-clearing firm, our consultants lead the client through the transformation process.

Self-Clearing Services:

Capability and Staffing Assessments
Downstream Integration
Internal and External Training
Pro Forma Revenue and Expense Models
Regulatory and Depository Applications
Supervisory and Desk Level Procedures
Target Operating Model Definition
Vendor Selection and Onboarding

Technology

In-depth knowledge of front, middle and back-office platforms in the marketplace ensures the smooth integration of technology projects. The technology group possesses a strong foundation in a multitude of supporting systems, including compliance and regulatory reporting applications, derivatives processing systems, and data warehousing.

Technology Services:

Data Strategy
Data Governance, Integration and Storage
Development and Deployment
Infrastructure Strategy
Quality Management
Technical Architecture
Technical Writing
UAT, Regression, and End-User Testing
Vendor Management
Cloud Based solutions
Artificial Intelligence
Robotic Processing Automation

Risk and Regulatory

Experienced team comprised of FINRA, SEC, State Regulatory experts, and risk professionals equipped to manage complex regulations. We implement solutions to address regional, domestic, and global requirements and enhance the client’s risk program.

Risk and Regulatory Services:

Anti-Money Laundering (AML) and Bank Secrecy Act (BSA) Program Development
Comprehensive Capital Analysis
Exam and Audit Preparation
Market / Credit / Liquidity Risk
Recovery and Resolution
Regulatory Issue Resolution and Assessments
Regulatory Reporting
Remediation/Reinforcement Support
Risk Evaluation and Internal Control Assessment
Sales Practices
Trade Practices

Compliance

Comprehensive guidance enables clients to proactively anticipate economic, market, and regulatory changes. Each program is customized to seamlessly implement required regulatory changes. This approach minimizes the impact of compliance initiatives and prepares clients for future regulatory scrutiny.

Compliance Services:

Books and Records Compliance
FINRA/SEC Membership Applications
Forensic Analysis
Litigation Support
Mock Audits
Ongoing Self-Assessment Process
Policies and Procedure Testing
Risk and Conflicts of Interest
Supervisory and Controls Audit
Third Party Reviews of Books and Records
Written Supervisory Procedures (WSPs)

Credit Lending

Credit Lending analysis provides clients with the ability to improve loan underwriting and servicing processes by defining the optimal target operating model needed to execute the client’s business strategy. Ongoing partnerships with industry regulators and lenders provide the basis for the creation of client action plans and timelines.

Credit Lending Services:

Default Management Assessment
Home Mortgage Disclosure Act (HMDA)
Litigation Support
Loan Servicer Assessments
Mock Regulatory Reviews
Organizational Review
Outsourcing strategy and technology assessment
Portfolio Risk Management
Pre-acquisition Portfolio Due Diligence
Residential and Commercial Reviews and Impairment Analysis

Staff Augmentation

Dedicated consulting staff members and Subject Matter Experts (SMEs) are committed to providing clients with the full spectrum of staffing needs to reduce the burden of day-to-day business operations, project needs, and to support conversion services.

Staff Augmentation Services:

Business Operations Support
Compliance Support
Operations and Technology Build-Out
Project Management and PMO Staff
Comprehensive Technical Writing
Desk Level Procedure Writing
Regulatory Examination Support
Transition Resources During Conversions

Wealth Management

Selecting the right Wealth Management (WM) solutions for your sales force not only requires extensive product knowledge, but proven enterprise integration and implementation experience. WM clients require the ability to solve many functional requirements with minimal investment in their technical infrastructure. Savvy Investors expect tailored solutions to meet specific goals and access to non-typical wealth management investment products.

Wealth Management Services:

Product(s) Functional Review
Business Process Analysis
Solution Support Infrastructure Review
Documentation Review and Fulfillment
Application Training
Integration Review and Recommendation
UAT and Production Testing
WM Product Implementation/Conversion Support
Trade Processing Parameterization and Application Rules Engine Analysis
User Profile Analysis, Management and Maintenance