DATA SCIENCE, RISK MANAGEMENT & CYBER DEFENCE
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Operational Risk Department
Control redesign
Context & objectives
The project has been carried out within the Permanent Control & Operational Risk department of a international banking group. Our client was looking for a contingent Permanent Control Officer in order to:
•Perform quarterly Permanent Control’s campaigns & improve the existing Permanent Control Plan (PCP) by liaising with internal correspondents before/ during/ after each campaign
•Represent Permanent Control department in the ongoing outsourcing project concerning IT and Back-Office functions
•Deal with two Internal audit recommendations on Essential Service Providers and BCP / DRP for IT outsourced activities (answer and implementation of associated the action plans)
•Re-design Permanent Control’s reporting including:
– Results of Permanent Control’s campaigns
– Perm. Control’s contribution to Quarterly Risk Report
– Perm. Control’s existing data source (list of controls and mapping across bank’s critical macro-processes)
Deliverables
• Creation of new controls, deletion or modification of irrelevant / obsolete existing controls
• Formalized answers to proposed control plan on outsourced activities
• Formalized answers to Internal Audit recommendations and implementation of related action plans
• Enhanced mapping of controls across bank’s critical macro-processes
• Standardized and automated template to create reports based on an improved excel data source
Approach
• Understanding of client’s organization and of the methodology used to run a Permanent Control campaign
• Analysis of client’s critical macro-processes and identification of erroneous/ incomplete mapping of controls across them
• Analysis & challenging of Outsourcer’s proposed control plan
• Analysis of Internal Audit report and challenging of existing weaknesses in the internal process
Client's Benefits
Standardized & improved template to generate Permanent Control’s reports
Detailed analysis & challenging of the proposed control plan on outsourced activities
Detailed answers to Internal Audit recommendations
Contribution to internal streams requiring a PMO approach
Reinforcement of FRTB Project team
Our client, a French bank, asked the support of one resource of Business Project over a 6-month period for the implementation of FRTB Standarized Approach. The project is successful due to the BP resource’s general market risk knowledge, IT systems expertise and his ability to quickly integrate into a project team.
The BP resource were asked to :
•Provide functional designs of different components of SBM
•Work closely with the business on the validation of FRTB metrics
•Work on the improvement of data quality
Data Quality Management
The client, a french Corporate an Investment Bank, needed to manage the quality of the data that flows into its Data Framework, in order to monitor the accuracy in its Transaction Reporting, Pre-Trade transparency and Post-trade Transparency The project was successful thanks to the financial and IT Knowledge of the involved BP Resources, and their ability to deeply investigate on Data Quality issues.
The BP resources were asked to:
•Implement Data Quality Monitoring on the reporting pipeline
•Maintain and enhance the referential of products traded within the CIB
•Reference the data in a dictionary
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Operational Risk Department
Control redesign
Context & objectives
The project has been carried out within the Permanent Control & Operational Risk department of a international banking group. Our client was looking for a contingent Permanent Control Officer in order to:
•Perform quarterly Permanent Control’s campaigns & improve the existing Permanent Control Plan (PCP) by liaising with internal correspondents before/ during/ after each campaign
•Represent Permanent Control department in the ongoing outsourcing project concerning IT and Back-Office functions
•Deal with two Internal audit recommendations on Essential Service Providers and BCP / DRP for IT outsourced activities (answer and implementation of associated the action plans)
•Re-design Permanent Control’s reporting including:
– Results of Permanent Control’s campaigns
– Perm. Control’s contribution to Quarterly Risk Report
– Perm. Control’s existing data source (list of controls and mapping across bank’s critical macro-processes)
Deliverables
• Creation of new controls, deletion or modification of irrelevant / obsolete existing controls
• Formalized answers to proposed control plan on outsourced activities
• Formalized answers to Internal Audit recommendations and implementation of related action plans
• Enhanced mapping of controls across bank’s critical macro-processes
• Standardized and automated template to create reports based on an improved excel data source
Approach
• Understanding of client’s organization and of the methodology used to run a Permanent Control campaign
• Analysis of client’s critical macro-processes and identification of erroneous/ incomplete mapping of controls across them
• Analysis & challenging of Outsourcer’s proposed control plan
• Analysis of Internal Audit report and challenging of existing weaknesses in the internal process
Client's Benefits
Standardized & improved template to generate Permanent Control’s reports
Detailed analysis & challenging of the proposed control plan on outsourced activities
Detailed answers to Internal Audit recommendations
Contribution to internal streams requiring a PMO approach
Reinforcement of FRTB Project team
Our client, a French bank, asked the support of one resource of Business Project over a 6-month period for the implementation of FRTB Standarized Approach. The project is successful due to the BP resource’s general market risk knowledge, IT systems expertise and his ability to quickly integrate into a project team.
The BP resource were asked to :
•Provide functional designs of different components of SBM
•Work closely with the business on the validation of FRTB metrics
•Work on the improvement of data quality
Data Quality Management
The client, a french Corporate an Investment Bank, needed to manage the quality of the data that flows into its Data Framework, in order to monitor the accuracy in its Transaction Reporting, Pre-Trade transparency and Post-trade Transparency The project was successful thanks to the financial and IT Knowledge of the involved BP Resources, and their ability to deeply investigate on Data Quality issues.
The BP resources were asked to:
•Implement Data Quality Monitoring on the reporting pipeline
•Maintain and enhance the referential of products traded within the CIB
•Reference the data in a dictionary
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