XYZ Mutual Funds Investments:XYZ Mutual Funds Investments:Improving The Process of Approval of Large Transaction Deal in the Improving The Process of Approval of Large Transaction Deal in the

Offshore Department Offshore Department

Presented byPresented byAlfredo GarciaAlfredo Garcia

IssueIssue

Process of approval of sell transactions over Process of approval of sell transactions over $1,000,000 in the Offshore department $1,000,000 in the Offshore department require a process that may take up to 10 require a process that may take up to 10 business days and actually end in rejecting business days and actually end in rejecting the deal.the deal.

Domestic side Domestic side Procedure for Procedure for the same type the same type of transactionof transactionI will research Policy and I will research Policy and Procedures in the Procedures in the domestic department of domestic department of XYZ company and show XYZ company and show the different points that the different points that are used for the same are used for the same type of transaction type of transaction approvalapproval

Audience Audience

1.1. Relationship Management. This part of the team Relationship Management. This part of the team needs to be assured that the adaptation of the needs to be assured that the adaptation of the domestic side workflows can be applied in the domestic side workflows can be applied in the offshore department.offshore department.

2.2. Director. The director needs is also assurance that Director. The director needs is also assurance that this new adaptation will benefit the department this new adaptation will benefit the department without any risk.without any risk.

3.3. AML Supervisor. The needs of the AML Supervisor is AML Supervisor. The needs of the AML Supervisor is to ensure that this process does not expose the to ensure that this process does not expose the company to any AML and Compliance risks.company to any AML and Compliance risks.

StakeholdersStakeholders

1. Associates will be affected due to new steps. Emailing the manager instead of the Director.

2. The manager will be affected since they will have to look over the request before being sent to the Director for the approval.

3. The Director will be receiving the emails from management team.