Introduction
This project was for a multi-regional banking group with a full range of investment banking services covering debt and equity markets, derivatives, commodities, emerging capital markets, M&A and project finance. Their credit risk area performs a crucial control role in supporting the business by advising, setting policies, measuring and managing exposure to counterparties and clients.
CubeMatch Deliverables
- Control environment lagging behind evolving business needs
- Credit risk policies and processes not scalable
- Legacy systems architecture not fit for purpose
- Counterparty risk measurement techniques needed improvement
- Slow time to market for delivery of new business - competition intensifying
CubeMatch Approach
- Worked closely with the client to deliver expected results
- Reviewed current state (including understanding of the baseline against which success would be measured, identification and implementation of a number of Quick Win initiatives)
- Define credit risk Target Operating Model design solution
- Plan and deliver transformation delivery phased programme of business change
Benefits Delivered
- Re-aligned credit risk with the business
- Cap on business growth removed
- Optimised use of capital
- Productivity gains and cost advantages
- Credit risk can support innovation more effectively
- Platform complexity minimised and ongoing cost base managed
- Reduced operational risk
CubeMatch used its extensive risk management experience to help the client present the case for change and secure approval. CubeMatch then worked with the client to define, plan and implement a business transformation.