Advisory / Consulting / Fintech / Assurance
Use Cases - Some Examples of our Strategy work
Development and delivery of new international trading office for global Investment Bank
Build out of new trading office and entity to support fixed Income trading expansion into new markets. Product coverage included Govies, corporates, FX future, Options and OTC.
Requirement and approach included development of scope, products, client base and size of the revenue wallet. Licences and authorisations required, brokerage licences obtained, process designed and implemented across Sales, trading, M/O, Ops, finance, risk, and Treasury, including systems, processes and controls, including relevant management reporting (MIS, KPIs and KRI’s). Included various complex intercompany back-to-back trading requirements and processes to be developed and implemented. Responsibilities included building out local team to work on the initiate and then, to take over post-go-live BAU
New business and product set up for global Custodian
Implementation of business plan to launch new business product at a securities service product for a global custodian. Two year programme, involving taking the banks business plan which had been approved within its new products committee and developing a road map and timeline for build out to market launch as the departments effected. As a complexed structured product, and various jurisdictions, involved working through, legal and compliance requirements, rules, regulations and permissions. Process flows, systems and desk build out all put in place. Continued to run and oversee new business and processes, post go live with a controlled hand over to newly hired team for the bank.
Custodian migration aligning to an evolving investment banking business, product and markets
Due to changes to the business, its products and markets, a global investment bank had a requirement to find a custodian to support with evolving business across its changing financial instruments being traded. Engaged to work with internal network management to help them review options, select a new custodian and transition all existing and new business over, whilst integrating within the bank. Worked with the bank to develop a detailed document which covered the requirements for the banks, its products traded, markets and jurisdictions required, account types for cash and assets. Conducted RFI and RPFs for those selected for review and meeting. Selected, integrated and transitioned all relevant businesses, products and accounts and gained direct access and clearing to required new markets.
Use Cases - Some Examples of our Business Performance Work
Build out of new Commodities business for Global Investment Bank.
New business desk build out and implementation at a major global investment bank. Initial focus was across energy and Power OTC, with phase two to include physicals. Process design and implementation across M/O, Finance and Risk Management, working with the front office. Final phase moved into structured products and complex term sheets, legal, risk management and ensuring payoff flows correct and captured.
Use Cases - Some Examples of our Transformation Work
Execution of business plan to revise international operating model
Execution of a post Brexit business model revision for major international bank across its Asset Management and Wealth business. Requirement was to unwind current trading entity structure and replace with hub and spoke branch sales office model. Requirements included extensive interaction with the regulator to ensure consumer protection of business lines and portfolios throughout. Initiative required a total realignment of business and operating model, business lines, process, internal resources, clients and service providers whilst under the scrutiny of the regulators.
Implement new Corporate Actions Department, Operations and System.
Designed, developed and built an entire Corporate Actions Department, including the development and buildout working with internal banking technology teams. Build over buy approach concluded after RFI and RRP processes identified building was the best option to deliver the requirement and provide a more integrated solution. Due to the complex nature of the capital markets business, its product and global reach, many unique features where required. New systems was designed from scratch through a PID and then through the production of a very detailed BRD. Rules and high levels of automation and expiry monitoring governance were also implemented.
Use Cases - Some Examples of our Assurance work
Skilled Person review and recommend of Financial Crime, KYC, motoring and screening.
Review of entire FC process over UK entity of a retail bank to ensure in compliance with the FCA rules and regulations and make recommendations for improvement. Requirement scope covered all clients, businesses and products. Review of KYC process, TTM and sanctions screening, their operating model, systems, processes and people. As FCA skilled persons review, the requirement included interviewing board and executive committee members, risk, compliance and audit and all SMF functions to ensure fit and proper for the functions, its risk appetite, governance and management control oversight. Recommendations included realignment of the KYC function and improved QC and QA along with implementation of an enhanced TTM platform.