Trading Controls
- Chain of Command
- Reconciliation
- Error Policy
- Discretion Policies
- Trade Allocation
- Counterparty Reviews
Portfolio Valuation
- Pricing Sources
- Valuation Methods
- Frequency
- Independence
- Number of Sources
- NAV Striking
- Pricing Committees
- Cash Management
Technology Systems
- Execution System
- Order Management System
- Portfolio Accounting
- Data/Research Providers
Disaster Recovery
- Technology Backup
- Business Continuity
- Offsite Redundancy
- Testing Procedures
CyberSecurity
- Independent Oversight
- Penetration Testing
- Phishing Software
- Employee Training
Compliance
- Personal Trading
- Restricted Lists
- Internal Controls
- Regulatory Registrations
- Regulatory Testing
- SRO Registrations
- Background Checks
Third-Party Risk
- PB / Admin/ Audit / Legal
- Expert Network Relationships
- Soft Dollar Arrangements
- Custodian
Conflicts of Interest
- Separation of Duties
- Money Movement