Business Support
“Renaissance Group is well-known for its ambition and entrepreneurialism. However, we also pride ourselves on our strategic planning and ensuring that we have the organisational capabilities to achieve our ambitious plans. This is essential if we really want to be the best avenue for value creation in high opportunity emerging markets around the world.”
Stephen Jennings
Our Business Support team is one of the most important parts of the entire Group and absolutely crucial to our proven success and continued expansion.
Within Business Support, we provide expert resources to manage the Group’s financial and operating infrastructure. We also develop new products and business initiatives, all the time focusing on revenue growth and cost containment.
As a Group, we operate in extremely dynamic markets and are driven by ambitious growth targets. This means we have to continually review and upgrade the company’s financial, legal, IT, operational, and risk capabilities.
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Operations
Operations is the business management function of the Group. It is responsible for designing and implementing the business processes and systems that provide effective operational support.
The Operations team is responsible for ensuring the timely settlement of trades, deliveries and payments processing, account opening, and client acceptance. The team also provides custody and brokerage services and various client services. It contributes significantly to the geographical expansion of the Group, working closely with other Business Support departments to address specific operational and market infrastructure issues arising within different jurisdictions.
Risk Management
We are responsible for ensuring the Firm has an effective risk culture. We gather, analyse, monitor and distribute information about the markets, as well as the Group’s credit and operational risk. This allows senior management to understand our position, and make informed decisions about the management and control of risk.
Finance
We are responsible for all aspects of financial management and regulatory accounting control of the Group’s operations. Together with Treasury and Investor Relations, the Finance department co-manages the Group’s relationships with banks, lenders, investors and rating agencies. Our team ensures the Firm’s overall trading and legal platform complies with regulatory and capital requirements in the jurisdictions in which we do business. We also focus on delivering financial analysis based on client, product and regional profitability.
Legal and Compliance
Our role is to develop and administer Group policies and procedures to ensure compliance with legal and regulatory requirements in the jurisdictions in which we operate. The Legal and Compliance department (LCD) ensures the Group maintains adequate levels of transparency, compliance and ethics. LCD also provides transactional support to all business divisions and manages the Group’s relationships with outside legal advisers.
Corporate Services
The Corporate Services Department plays a key role in supporting the global workings of the Renaissance Group.
We’re responsible for operating and maintaining the Group’s offices worldwide through our small team of property and technical experts whose responsibilities range from acquiring premises through to fitting them out and maintaining them to the highest possible standards.
Corporate Services also provides day-to-day support including mail and courier services, printing and photocopying, stationery, filing and archiving and in-house catering services.
We’re the first point of contact for most of the Group’s clients and visitors through our highly trained, multilingual receptionists and switchboard operators. We also manage the Group’s prestigious client meeting facilities and hospitality services.
As a global business, Corporate Services ensures Renaissance provides safe, reliable and cost-effective travel, accommodation and visa services to the very highest global standards.
Information Technology
World-class IT provides a vital way for the Group to deliver its market-leading services and products. It underpins our growth and development and plays a fundamental role in our success. Recently our focus has been on upgrading our application and integration infrastructure to allow for shorter ‘time to market’ and scalability of our core trading and processing systems.
In the past year, our IT team successfully launched a new derivatives trading and risk management platform and state-of-the-art trading floor, extended the company’s global reach by expanding FIX connectivity further and opened new offices worldwide.
Strategy, Communications and Investor Relations
Strategic planning and corporate development for all of the Group’s business units and regions takes place within this department, which plays a major role in our continued success and expansion. Our aim is to ensure that our strategy development is comprehensive, creative, consistent and analytically robust.
We’re also in charge of all internal and external communications, including PR, marketing, and branding, as well as investor relations. Building a truly unique Renaissance brand will ensure clients, investors, governments, regulators and the societies in which we operate are comfortable with who we are and what we do so we can continue to grow our business.
Group Internal Audit
We provide independent assurance over the Group’s systems of internal control, risk management and corporate governance. Internal Audit is an independent unit, ensuring impartial advice and assurance to the Group’s management.
All activities undertaken by the Renaissance Group are within our remit. Our role is to understand the key risks to which the Group is exposed, and evaluate the risk management and internal control systems. We assess the:
- adequacy and effectiveness of financial, operational and management control systems in relation to business risks
- extent of compliance with the policies and procedures of the Group
- suitability, accuracy and reliability of financial and other management information
- integrity of processes and systems to provide adequate protection against error, fraud or loss
- follow-up action taken to remedy weaknesses identified by internal or external audit or a regulator
Project Management
The Project Management Group was created to improve the quality of managing company projects and to increase efficiency in using the company’s financial and organisational resources. In particular, the department is responsible for co-ordinating company-wide projects – from new products to complex one-off transactions (excluding some of the purely internal departmental projects). The group consists of eight Moscow-based employees and reports directly to RC COO.
Human Resources
The Group’s competitive advantage comes from the expertise of its people. This means the Human Resources team plays a key role in the planning and execution of the Firm’s business strategies. We partner with business leaders in identifying and recruiting talented people, developing their abilities and retaining their services.
The team provides a full range of human management technologies and techniques, providing services for the Group worldwide. We are involved in recruitment campaigns, succession planning, organisational development, preserving Group culture, retention programmes, rewards schemes, career development and employee relations.
Events and Corporate Social Responsibilities
We originate, plan and organise all aspects of external events initiatives. This provides a marketing and business development platform for the Group as a whole. The typical types of events we organise include regional investor conferences, sector days, client visits, deal and non-deal roadshows, client hospitality and entertainment.