Charles River compliance model implementation
Overview
One of our clients, a global financial institution, asked our company for support in transitioning from the legacy system MIG 21 to a new system CRIMS for their investment compliance operations. Our expert consultants are involved in both project management and project execution for this ongoing project.
Maxima Consulting provides expert guidance throughout the project lifecycle to ensure the successful delivery and execution of the client’s investment compliance operations.
Project goals
- Identify and address all differences between MIG 21 and CRIMS systems
- Identify all potential changes required before onboarding the new application and keep stakeholders informed
- Complete the migration from MIG 21 to CRIMS within a year
- Ensure the highest quality and accuracy of all migrated data
Our approach and solution
Our consultants are involved in project management and execution tasks of this project and work hand-in-hand with the client’s employees. Maxima Consulting’s duties involve managing workload distribution among all rule-writing resources and providing input on staffing requirements. We’re also involved in discussing the shape of a pipeline, identifying key risk factors, and overseeing the migration process as a whole.
Project highlights
- Maxima Consulting provides high-level review and migration services for over 9000+ compliance rules.
- Our expertise in CRIMS and regulatory knowledge covers multiple regions, including NAM, APAC, and EMEA.
- As a trusted technology partner, we advise clients on technical implementations related to CRIMS to help them optimize their compliance operations.
- We aim to ensure our clients have the support they need to navigate complex compliance requirements efficiently and effectively.
