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Client

One of the Largest UK Retail Bank.

Project Goal

Providing expertise, tools and resources to support the end to end implementation of client’s first Consolidated Global Risk Management System.

Background

The client had a previously unsuccessful 2 year implementation, which was completely scrapped. The increasing regulatory pressure has imposed a hard external deadline, after which the client’s banking license for one of its key international markets may be revoked. Making the successful delivery of this high profile project mission critical.

Our Consultants’ Deliverable

  • Gathering Business Requirement
  • Converting Business Requirements into Functional Requirements
  • Designing Proof of Concept Prototype based on Functional Requirements
  • Scale up Proof of Concept into Full System Implementation
  • Build Data Specification
  • Balance Sheet Reconciliation
  • Create Data Testing Tool (SQL and MS Access)
  • Functional System Testing
  • Stakeholder Management (from Collecting Acceptance Criteria to Managing Sign Off Meetings)
  • Deployment into Production
  • Parallel Run and Testing

Key Professional Qualities Utilised

  • Working under Pressure
  • Self Motivated and Committed
  • Taking Initiatives
  • Strong Sense of Ownership and Responsibility
  • Faster Learning
  • Ability to Manage Multiple Work Streams

Key Industry Expertise Contributed

  • In depth knowledge on Asset Liability Management for the Banking Book
  • Expertise on Quantitative Risk Management Systems and Methods
  • Data Processing Best Practice
  • Data Analysis Expertise
  • Business Process Management Knowledge
  • Functional and Acceptance Testing Approach
  • Release and Environment Management

Results

We have helped our client to successfully start the roll out of their first ever Global Risk Management System. The project was delivered in time to prevent a potentially severe regulatory penalty for our client. We’ve received very positive feedback from our client along with a contract to extend our involvement. Our consultants have received the company’s consultants of the year award for their commitment in this extremely challenging project.