Regulation 18f-4 is Now in Force and the SEC is Proactively Reviewing Compliance.
Looking for help? NextGen is here for you!
- We can assess your compliance readiness
- We can identify gaps and provide you with tested solutions
- We will prepare you for the SEC audit
Regulation 18f-4 is Now in Force and the SEC is Proactively Reviewing Compliance.
Looking for help? NextGen is here for you!
- We can assess your compliance readiness
- We can identify gaps and provide you with tested solutions
- We will prepare you for the SEC audit
Schedule a No Cost Compliance Assessment with our team of experts.
NextGen can help your funds be prepared for the SEC audit. NextGen will boost your board's confidence in compliance.
The SEC is Asking DETAILED Questions About 18f-4 Compliance:
- How does Risk Management work in practice?
- What Due Diligence was performed to approve the DRM?
- What Triggers are used to inform BOD and the portfolio manager?
- What is the Justification of the Reference Portfolio/VaR benchmark?
- What was the Risk Identification Process?
- What Price Validation is performed for the OTC Derivatives Instruments?
- What is the Backtesting Process?
- How were the Quantifiable Guidelines determined and how are they used?
- How were the Stress Tests determined and how are the tests performed?
- What Interactions are there between the DRM, Compliance, Audit and Control?
- What is the Frequency of Board Reporting?
These NextGen Resources Are Available To You At No Cost Or Obligation
- Schedule a Conversation with a NextGen Compliance Specialist
- Obtain a Copy of the NextGen 18f-4 Compliance Overview
- Review NextGen’s 18f-4 Compliance Toolkit and Learn How It Can Help Your Fund Ensure Its Compliance Requirements.
- Perform a High-Level Assessment of Compliance and Identify Gaps
- Identify and Evaluate 18f-4 Compliance Resources
The NextGen Senior Team
Schedule a No Cost 18f-4 Compliance Guide and Readiness Assessment
Or Call NextGen Strategic Advisors Directly at (347) 443-8331
About 18f-4 Compliance
Fundamentally, an effective SEC Regulation 18f-4 compliance program can be characterized as doing three things very well:
One of the biggest challenges that NextGen has been addressing is that many 3rd party data providers that fund managers rely upon for SEC 18f-4 reporting do NOT provide all required information necessary to comply with the rules.
NextGen’s 18f-4 Compliance Toolkit will help the Derivatives Risk Manager and Board of Directors ensure ongoing compliance:
NextGen has developed a comprehensive set of 18f-4 Resources designed to ensure that Derivatives Risk Managers comply with the SEC requirements and meet Board requirements.
The NextGen 18f-4 Service
Leadership Team
Gary Mandelblatt
Gary is a Managing Partner at NextGen Strategic Advisors with over 35 years of experience working with financial institutions in managing market, credit and operational risks, managing regulatory relations, implementing regulatory requirements, defining strategies and building businesses. Gary was the Chief Risk Officer for Nomura Americas and Chairman of Nomura’s Global Dodd-Frank Implementation program. Prior to Nomura, Gary was a Managing Director at the Lehman Brothers Estate where he was responsible for building the valuation capabilities for 1.2 million derivatives contracts and hedging open risk exposures. Prior to that, Gary was the Global Head of Fixed Income Strategy at Lehman Brothers and helped build the commodities and emerging markets businesses. Before joining Lehman, Gary was Managing Director at Smith Barney, Salomon Smith Barney and Citigroup and was a senior Market Risk Manager for Fixed Income and supported numerous regulatory efforts. Prior to that, Gary was a consultant with Coopers & Lybrand and First Manhattan Consulting Group.
John Skrypa
John is leading the new client business development function for NextGen. John has been responsible for similar functions at PWC, Deloitte, KPMG, and most recently at EY where he was part of the team that build their Managed Services business unit. He brings over twenty years of major account management experience, developing relationships related to consulting, managed services, and applications implementation to banking and capital markets clients. An innovative thinker with a strong history and a proven track record of business-focused solution sales, client relationship management, and experience developing relationships and managing teams in large scale and global accounts.
Donna Parks
Donna is a Principal Consultant with 30 years of comprehensive risk management and banking experience. Donna’s global experience extends across the Americas and Asia in all aspects of risk management including enterprise, credit, market, and operational risks, managing regulatory relations, implementing regulatory requirements, defining strategy, building businesses and governance. Donna was Chief Risk Officer for Standard Chartered Bank (SCB), Americas and the accountable executive for the implementation of Section 165 of the Dodd-Frank Act. Prior to this role, Donna was Senior Regional Credit Officer for SCB, Asia based in Hong Kong. She was responsible, with her team, for managing 70% of SCB’s credit portfolio and supported the build out of the global commodities and hedge fund businesses. Before joining SCB, Donna was Managing Director at Citigroup and was a senior Credit Risk Manager for Banks and non-Bank Financial Institutions. In addition, she managed a Governance team that was responsible for regulatory relations and implementation of various regulatory projects.
John Monaghan
John is a Principal Consultant with over 25 years of experience working in the Financial Services industry in North America, South America, Europe and Africa. John has been involved in and managed most of the significant regulatory compliance initiatives including Basel II; Dodd-Frank; EMIR; MIFID II; FRTB; LIBOR transition and CFTC Swap Dealer and SBSD Rules. John worked at Royal Bank of Canada where he managed strategic initiatives which required cross-functional and multi-region coordination. Prior to RBC, he was at Morgan Stanley where he was Head of Operational Risk for Trading and Sales in the Americas. Prior to that, he spent 11 years at Barclays in increasingly senior roles. He managed the build out of a Front Office Risk and Supervisory Control function, Program Managed a multi-year program of work tasked with building out a new OTC Client Clearing business to align with the market structure changes imposed by Dodd-Frank and EMIR. Prior to Barclays, he was employed by Accenture as a management consultant. John has a B. Com degree in Law and Economics, an MSc in Finance and an MBA.
The NextGen 18f-4 Service Leadership Team
Gary Mandelblatt
Gary is a Managing Partner at NextGen Strategic Advisors with over 35 years of experience working with financial institutions in managing market, credit and operational risks, managing regulatory relations, implementing regulatory requirements, defining strategies and building businesses. Gary was the Chief Risk Officer for Nomura Americas and Chairman of Nomura’s Global Dodd-Frank Implementation program. Prior to Nomura, Gary was a Managing Director at the Lehman Brothers Estate where he was responsible for building the valuation capabilities for 1.2 million derivatives contracts and hedging open risk exposures. Prior to that, Gary was the Global Head of Fixed Income Strategy at Lehman Brothers and helped build the commodities and emerging markets businesses. Before joining Lehman, Gary was Managing Director at Smith Barney, Salomon Smith Barney and Citigroup and was a senior Market Risk Manager for Fixed Income and supported numerous regulatory efforts. Prior to that, Gary was a consultant with Coopers & Lybrand and First Manhattan Consulting Group.
John Skrypa
John is leading the new client business development function for NextGen. John has been responsible for similar functions at PWC, Deloitte, KPMG, and most recently at EY where he was part of the team that build their Managed Services business unit. He brings over twenty years of major account management experience, developing relationships related to consulting, managed services, and applications implementation to banking and capital markets clients. An innovative thinker with a strong history and a proven track record of business-focused solution sales, client relationship management, and experience developing relationships and managing teams in large scale and global accounts.
Donna Parks
Donna is a Principal Consultant with 30 years of comprehensive risk management and banking experience. Donna’s global experience extends across the Americas and Asia in all aspects of risk management including enterprise, credit, market, and operational risks, managing regulatory relations, implementing regulatory requirements, defining strategy, building businesses and governance. Donna was Chief Risk Officer for Standard Chartered Bank (SCB), Americas and the accountable executive for the implementation of Section 165 of the Dodd-Frank Act. Prior to this role, Donna was Senior Regional Credit Officer for SCB, Asia based in Hong Kong. She was responsible, with her team, for managing 70% of SCB’s credit portfolio and supported the build out of the global commodities and hedge fund businesses. Before joining SCB, Donna was Managing Director at Citigroup and was a senior Credit Risk Manager for Banks and non-Bank Financial Institutions. In addition, she managed a Governance team that was responsible for regulatory relations and implementation of various regulatory projects.
John Monaghan
John is a Principal Consultant with over 25 years of experience working in the Financial Services industry in North America, South America, Europe and Africa. John has been involved in and managed most of the significant regulatory compliance initiatives including Basel II; Dodd-Frank; EMIR; MIFID II; FRTB; LIBOR transition and CFTC Swap Dealer and SBSD Rules. John worked at Royal Bank of Canada where he managed strategic initiatives which required cross-functional and multi-region coordination. Prior to RBC, he was at Morgan Stanley where he was Head of Operational Risk for Trading and Sales in the Americas. Prior to that, he spent 11 years at Barclays in increasingly senior roles. He managed the build out of a Front Office Risk and Supervisory Control function, Program Managed a multi-year program of work tasked with building out a new OTC Client Clearing business to align with the market structure changes imposed by Dodd-Frank and EMIR. Prior to Barclays, he was employed by Accenture as a management consultant. John has a B. Com degree in Law and Economics, an MSc in Finance and an MBA.
