Guotou Securities: Enhancing High Quality Development Support through the "Compliance Culture+" Model
2024-09-27
As a state-owned financial enterprise, Guotou Securities has always adhered to the concept of "serving the country through finance", resolutely implemented the decisions and deployments of the Party Central Committee, attached great importance to compliance management, relied on the construction of compliance culture, comprehensively deployed and implemented policies, built a solid foundation for compliance management, and enhanced the support for high-quality development of the company. In recent years, Guotou Securities has closely focused on the work of the Party Group Center of Guotou Group and the requirements of reform and development, gradually exploring the formation of a compliance culture with Guotou Securities' characteristics through a deep integration model of "compliance culture+". The combination of compliance culture and business development strategy has laid the foundation for the high-quality development of the company. As early as its establishment, CITIC Securities deeply recognized that the construction of compliance culture directly affects its risk prevention ability and core competitiveness. It is a solid foundation for the smooth promotion of development strategies and an important guarantee for the longevity of CITIC Securities' foundation. Therefore, Guotou Securities has firmly rooted compliance culture in the company's development strategy from three aspects: business strategy, organizational support, and implementation measures, and implemented it throughout the entire process of business management, providing a prerequisite for achieving the expected results of compliance culture development. In terms of business strategy, Guotou Securities has clearly stated the business purpose of "compliant operation and risk control" in its Articles of Association, anchored the strategic goals of promoting economic development and social progress, and continued to strive for them. Guided by the "14th Five Year Plan" strategic plan, it promotes the deep integration of party building, strategy, business, and culture, strives to improve its ability to serve the real economy, and points out the direction of embedding compliance culture in Guotou Securities' development strategy with programmatic requirements. In terms of organizational support, Guotou Securities has formulated the "Compliance Management System", which clearly establishes a four level compliance management organizational structure consisting of the board of directors, management team, compliance director and compliance department, various departments, branches and subsidiaries at all levels. The compliance management responsibilities of the board of directors and management team are clearly defined, and the concept of compliance culture is promoted by senior management to cover the entire line, field and level of the company, running through the entire process of decision-making, execution, supervision and feedback. The improved top-level design strengthens the organizational support for the construction of compliance culture, providing ideological guarantee and spiritual motivation for the rooting of compliance culture in Guotou Securities' development strategy. In terms of implementation measures, the "14th Five Year Plan" strategic plan of CITIC Securities has always adhered to the cultural concept of "compliance, integrity, professionalism, and stability" as one of the company's top ten guarantee measures, deployed and planned together with CITIC Securities' development strategy, consciously coordinated the development and safety of CITIC Securities' business, and effectively assumed the management responsibility of preventing financial risks. The compliance culture and development strategy complement and promote each other, which is a concrete manifestation of the compliance culture rooted in CITIC Securities' development strategy. The combination of "compliance culture+diverse cultivation methods" has been promoting the practical effectiveness of the company's compliance culture promotion. Since then, Guotou Securities has adhered to the concept of compliance culture cultivation that is in line with business practices and forges core competencies. Through in-depth compliance talent training, comprehensive compliance theme training, and diversified compliance culture promotion, starting from specific problems and risks, we ensure that compliance culture is implemented in specific behavioral practices, and strive to truly internalize the word "compliance" in the hearts of employees and implement it in every detail of business flow. In terms of compliance talent cultivation, Guotou Securities has launched an exclusive training program for compliance management personnel, the "Panshi Plan", to further enhance the professional abilities and comprehensive qualities of compliance personnel. Through the action learning method of talent cultivation, it strengthens the deep integration of theory and practice around practical problems encountered in daily work scenarios. Through discussions, co creation, and sharing, students brainstorm and speak freely, and form specific plans for future work, implementing compliance concepts to the front line of business. In terms of compliance themed training, Guotou Securities has innovatively established a "Compliance and Legal Lecture Hall" for all employees. The training topics are combined with current market hotspots and company business priorities, covering new laws and regulations, various business knowledge, and case warnings. Both online live streaming and offline training are held to continuously strengthen the compliance risk prevention awareness of all employees, convey the latest regulatory trends and requirements, and effectively improve legal literacy. In terms of compliance promotion, Guotou Securities has orderly launched a monthly report on compliance case warnings titled "Taking Cases as a Lesson, Respecting and Guarding the Bottom Line", which has reached all employees; Focusing on compliance priorities and selecting typical cases, we organized frontline business personnel and compliance personnel to jointly write scripts, direct filming, record and perform more than ten episodes of the "Adhere to Bottom Line Compliance Practice" warning education drama, which was promoted and played in the office of Guotou Securities, actively enhancing the pertinence and fun of the promotion. The combination of compliance culture and management innovation to improve quality provides strong support for creating a new situation in the construction of compliance culture. With the motto of 'striving for daily innovation, daily innovation, and daily innovation', Guotou Securities has always been aware that compliance culture is a summary and sublimation of Guotou Securities' compliance management experience. It should actively adapt to the development of the situation, keep pace with the times, self innovate, and have a rich practical foundation in compliance management and innovation. In terms of digital empowerment, CITIC Securities is accelerating the digital transformation of compliance management. Guotou Securities has established a digital compliance management portal - Panshi System, which vertically runs through all levels of units and horizontally covers various management work. It solves the pain points of scattered system use, lack of data information exchange, and cumbersome offline processes in daily compliance management, and realizes the online, integrated, and intelligent compliance management work. This marks the basic completion of the company's "rock solid" compliance digital management system. Empowering compliance management with technology has become a new focus of Guotou Securities' compliance management, further enhancing the penetration of compliance culture. In terms of management in routine business areas, Guotou Securities has systematically strengthened the internal restraint mechanism for practitioners. Establish and improve compliance assessment and accountability systems with "regulations" as the core, refine and develop 10 compliance manuals, and provide fundamental guidance and action guidelines for employees to standardize their practice; Using "control" as a means, establish an investment management system to unify the management of employee investment behavior information declaration, initiate and promote enterprise WeChat projects to standardize employee behavior towards customer exhibitions, and continuously improve system functions and optimize monitoring indicators to enhance the comprehensiveness, accuracy, and timeliness of monitoring and early warning; Based on "responsibility", Guotou Securities regularly or irregularly conducts special inspections and self inspections, strictly holds accountable those found to have violated regulations according to the system, effectively improves the effectiveness of employee behavior management, and takes multiple measures to create a strong atmosphere of respect, trust, and compliance culture throughout Guotou Securities. In terms of management in key business areas, Guotou Securities focuses on compliance management in high-risk areas of investment banking business. Guotou Securities has always implemented the internal control management system, enhanced the effectiveness of compliance risk identification, evaluation, and response. In terms of specific measures, Guotou Securities actively constructs a dynamic revision mechanism for investment banking business agreement templates, further improving the efficiency of agreement communication and review, and effectively preventing relevant compliance legal risks; Further establish and improve the information barrier system, sort out and summarize the situation of not reporting the information barrier process on a quarterly basis, and continuously strengthen the management and maintenance of investment bank information barriers; Regularly conduct compliance checks on investment banking business and establish a corrective tracking mechanism, continuously improve the internal control system of investment banking, and promote the formation of a rich, multi-layered, and profound compliance culture. The path of compliance is constantly evolving. Guotou Securities firmly believes that maintaining the determination to adhere to the right path, stimulating the vitality of innovation and creation, and enhancing the driving force for forging ahead are the key cores of the development of compliance culture and the only way to achieve "full compliance coverage". In the future, Guotou Securities will continuously deepen the connotation of abundant compliance culture in practice, and stride towards the goal of "building a first-class investment bank and investment institution". (New Society)
Edit：NiChengRan Responsible editor：LiaoXin
Source：XinHua Online
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