Compliance monitoring software for personal trading

The purpose of this Request for Information (RFI) is to gather information about capabilities of the latest available solution for Compliance Monitoring Software for Personal Trading and existing providers in the marketplace to fulfill the United Nations (UN) future requirement. You are kindly requested to review the overview of Specific requirements on the following page, and to provide information as to whether your company and solution could potentially fulfill the requirements. This RFI is issued solely for information and planning purposes. It does not constitute a solicitation (Request for Proposal or Request for Quotations) from the United Nations or a promise to issue a solicitation in the future. This RFI does not commit the United Nations to pay any cost incurred in the preparation or submission of any response to the RFI. The United Nations on behalf of the United Nations Joint Staff Pension Fund-Office of Investment Management is looking for the latest available solutions to provide a comprehensive compliance monitoring software in the following areas: 1) Reporting, pre-clearing, confirming and reconciling of staff members’ personal securities transactions with brokerage confirmations through automatic direct brokerage feeds in accordance to OIM’s personal securities policy. 2) Documenting annual staff member’s certifications to OIM’s Code of Ethic policies, procedures, and regulations. 3) Documenting and reporting of staff compliance in respect to OIM’s Gifts and Hospitality policies as well as disclosure of any Outside Affiliations in accordance with OIM’s conflict of interest policy. THE MINIMUM REQUIRED QUALIFICATIONS ARE AS FOLLOWS: 1) A minimum of (10) years proven experience in providing services to large financial institutions such as: (a) pension funds of municipalities, provincial, governmental, multilateral organizations, (b) multinational corporations, and other similar firms in the area of monitoring of personal trading, gifts and entertainment. 2) A proven track record of servicing a minimum of 100 institutional clients. 3) A minimum of 130 automatic electronic brokerage feeds for the reconciliation of staff brokerage transactions via a direct and electronic feed mechanism. This minimum of 130 automatic brokerage feeds must include a few non-US based brokerage firms given the international nature of OIM working environment. 4) A web-based compliance monitoring software with appropriate controls including the following: • Two-factor authentication for employee remote access to internal networks together with host lockdown to prevent unauthorized data transfer • Strong password policies including lockout and auditing • One-way encryption for stored passwords • Industry standard TLS encryption for user sessions • AES 256 full database encryption • AES 256 encryption for all feed data • SSAE 16 SOC I Type II certified or equivalent requirements. The vendors should address the above requirements and provide information about their licensing/subscription model, pricing models, list of available products and services.