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Counterparty Risk

Counterparty Risk


CubeMatch was engaged within the Treasury and Counterparty Risk IT department of a Global Investment Bank, to provide Subject Matter Expertise and Business Analysis for the core analytics engine and associated infrastructure used for computing the counterparty credit exposure arising from OTC derivatives traded by the bank. The engagement was to deliver a Regulatory Programme of front to back changes in the Counterparty Risk.

CubeMatch Deliverables

  • Regulatory Commitment to PRA to segregate London entity business
  • Co-ordination, agreement and delivery of the operating model requirements and technical change programme for the Core Analytics Engine
  • Delivery of OTC Derivatives portfolio for Basel III compliance
  • Provide SME analysts to lead the creation of a separately capitalised entity of the bank in London

CubeMatch Approach

  • Gathering, understanding and translation of front office feeds and the impact of booking and operating model changes into a change programme within the Counterparty Risk IT
  • Maintaining stringent compliance within an audit and controls framework environment
  • Concise and accurate delivery of agile segments of IT change based on a structured and agreed set of business requirements
  • Strong communication and co-ordination of priorities with existing workstreams and demand on shared development resource

Benefits Delivered

  • Delivered  an operationally ready solution into production
  • Pro-active management of project scope and schedule tightly aligned to business requirements and key delivery milestones
  • Supported the integration and co-ordination of delivery priorities and demand on development resources with a demanding work stream of Basel III change within Counterparty Risk IT
  • Strong collaboration with peer projects and development teams ensured and maximised efficiencies in quality assurance, delivery sprints and releases