A Case Study On Risk Management Of Private Fund Custody Business Of YH Securities Company

With the tide of financial reform,securities companies,as one of the important participants in the financial market,are facing both new opportunities and new challenges.In the course of their operations,both high returns and high risks are involved.The lack of business risk management of securities companies will not only cause securities companies to suffer significant property and reputation losses,but also severely suffer regulatory penalties and even legal sanctions.Therefore,regardless of the regulatory requirements or the endogenous needs of securities companies to overcome their own risks and seek development,the risk management of securities companies plays a vital role in the healthy and rapid development of securities companies.China's fund custody business has a huge market and has been monopolized by commercial banks for a long time.The fund custody business of commercial banks is mainly concentrated in the field of public funds.After years of development,it has gradually formed a complete set of institutional operating procedures.Compared with the existing performance scale of commercial banks,securities firms have almost no competitive advantage in the public fund custody market.During this period,securities companies began to access the private equity fund custody business.However,due to loopholes in risk management,the risk issues of the securities company's private equity custody business emerged endlessly.As one of the larger securities firms in the industry,YH Securities Co.is a role model for the industry in risk management.It has been learned and learned by many peer securities companies.However,like most domestic securities firms,its risk to the private equity custody business risks The management work has not been carried out for a long time,and there are still many loopholes and shortcomings in the existing fund custody business risk management system.In order to conduct an empirical analysis of the risks of the private equity fund custody business of YH Securities,this article introduces the fishbone diagram method commonly used in quality management analysis methods and the analytic hierarchy process in the quantitative analysis and evaluation of operations research into the private equity fund custody business of securities companies.Innovative application.Based on domestic and foreign risk management theories,this article summarizes the current status of research on the risk management of private equity fund custody business of securities companies,and combines the specific risk events of YH Securities Company in the past year,introduces the construction status of the risk management system of YH securities company private equity fund custody business AHP scientifically measures and ranks the four first-class risk factors and nine second-class risk factors of the risk of YH Securities' private equity fund custody business.The first four comprehensive risk values are operations,For external,compliance and process risks,the top four comprehensive risk values are the four risks of operational errors,intentional violations,emergencies and missing processes.In order to effectively improve the quality and efficiency of risk management,this article combines the analysis of the problems and reasons in the risk management of the private equity fund custody business of YH Securities Company,from the two aspects of strengthening system design and implementation guarantees,from matrix management Improve the risk management system,strengthen the business process design with the whole process specification,establish a risk control mechanism with emergencies as the focus,increase the control of the regulatory system with diversified inspections,strengthen risk awareness with the guidance of risk culture,and improve the construction of professional talents Seven aspects of management efficiency and the use of information technology to promote the use of risk information have proposed measures to improve the risk of YH Securities 'private equity fund custody business.