Film

Rogue Trader

1999 · 1999

A single trader, an error account and a bank that could not reconcile its own positions. It is the origin story for most of the segregation-of-duties controls you will be trained on in your first week.

• Risk
• Fraud and forensics
• Markets

1 idea from this film

• Post-mortemRisk

  One person holding both the trade and its settlement is the whole failure

  Whoever can take a position must not be the person who confirms it. Separate the hands, and the rest of the controls become possible.

  Risk, operations and compliance questions, and any time a process lets one person both act and verify.