Research On Risk Control In The Financial Shared Service Center Of S Securities Company

With the intensification of economic globalization and market competition,many companies are opening up new perspectives and constructing new development patterns in order to establish a better foothold in this new stage.While seizing opportunities,they are accelerating their corporate development and expansion.At the same time,they are facing unprecedented competition and cost pressures.In the process of continuous absorption and mergers,inevitable overlaps in functional structures have emerged within the companies,leading to increased management costs and difficulties in control.In recent years,the country has comprehensively promoted management accounting and issued a series of notices to strengthen the financial informatization work of central enterprises.In 2022,the State owned Assets Supervision and Administration Commission required the full use of information technology,innovative financial management models,integration of resources,enhancement of financial control,and prevention of financial risks in the "Notice on Strengthening the Financial Informatization Work of Central Enterprises".Emphasizing the deep integration of digital technology and financial management as the starting point,optimizing processes,improving internal control systems,and enhancing the core competitiveness of enterprises.The application of Financial innovation in financial management is deepening.As of the end of 2020,there were over 1000 shared service centers in China.The emergence of financial sharing,like a key,has solved the problems of many groups having multiple branches and subsidiaries,high labor costs,and opaque and unclear financial information,opening the door to financial transformation.But the establishment of financial sharing centers in China is not long,and the overall maturity is not high.This new financial model not only centralizes related accounting businesses,but also brings new risk points.In terms of internal control systems,this model either maintains the traditional internal control risk points or updates relevant risk points,but there are still issues such as inadequate grasp of overall risks.This change in internal control system poses new challenges to the company’s risk management and control.Therefore,how to establish a new risk management system that is compatible with the financial sharing model,improve the internal control system of state-owned enterprises,and establish a more scientific and reasonable internal control system of the financial sharing center will become a focus issue that cannot be ignored by enterprises at present.The securities company,S Securities,has numerous subordinate branches with high homogeneity in their business operations.It has established a financial sharing center and achieved certain results in its operation.However,during the implementation of the new financial management model,new situations and issues in internal control management have emerged.Improving and strengthening risk management has become an urgent problem that the company needs to address.This paper focuses on the financial sharing center of S Securities and conducts research by reviewing domestic and international literature,clarifying relevant theoretical concepts.By combining the current operational status of the financial sharing center at S Securities,an analysis framework for identifying internal control risk points is constructed.The Delphi method is applied to identify the relevant risk points,followed by risk analysis and risk assessment.Finally,specific measures for improving risk control are proposed.This article mainly includes the following research contents: Chapter 1Introduction: Analyzing the research on financial shared service centers at home and abroad,with a particular focus on the advantages of financial shared service centers,the risks in the execution process,and other related studies.Chapter 2: Theoretical Analysis: The concept of financial sharing and related theories,as well as the study of risk management theory and specific processes.Chapter 3: The current status of risk management in the financial shared service center of S Securities Company:Introducing the overview of S Securities Company and the establishment background of the financial shared service center.Identifying the risks that may exist in the center based on the relevant requirements of internal control,building a risk identification framework,and then using the Delphi method to identify risks.Chapter 4: Based on the Analytic Hierarchy Process(AHP)and fuzzy comprehensive analysis method,constructing an evaluation system to analyze the risks identified by the financial shared service center of S Securities Company and analyzing the potential consequences of relevant risks.Chapter 5: Mainly proposing optimization plans for the financial shared service center of S Securities Company.This paper explores the risk management issues related to the financial sharing service center of a securities company.Based on theoretical research,it takes the construction process and the problems identified in the daily work of the financial sharing service center of S Securities as the starting point.The paper effectively conducts risk identification and evaluation,analyzing the issues and challenges faced by the center in terms of process management,legal supervision,data systems,and personnel flow.Based on the comprehensive evaluation results,optimization suggestions are proposed,and management research is conducted.The premise is to improve the effectiveness of risk management in the financial sharing service center of S Securities.The paper also provides practical references for the construction of risk management systems and the rational development of systems in securities companies’ financial sharing service centers.