The changing role of the network manager: Is network management morphing into vendor governance?

Sandra Holmqvist and Göran Fors

Journal of Securities Operations & Custody, 2016, vol. 8, issue 3, 201-207

Abstract: The profile of network managers has needed to change over the past couple of years to cope with the increased responsibilities and workload. The selection and monitoring of a sub-custodian has become an extensive documenting exercise along with increased needs to review risks in the entire custody chain. With the increased regulatory pressure on the business, Network Management will continue to be an important role. What do network managers need to do in order to cope and adapt to these changes? Is the role morphing into something else? The challenge lies in the broad scope of expertise the future network managers are required to hold. A network manager with profound knowledge in custody and surrounding business flows, a deep understanding of risk and the ability to work stringently and effectively in procuring the required services has a bright future ahead.

Keywords: network manager; network management; vendor management; risk; compliance; due diligence; custodian (search for similar items in EconPapers)
JEL-codes: E5 G2 K22 (search for similar items in EconPapers)
Date: 2016
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