Objective

Help a global investment bank manage quarterly workload peaks in leveraged finance while ensuring the highest quality risk monitoring and meeting all regulatory requirements. 

CRISIL's Solution

• Established a dedicated team with strong expertise in credit risk assessment across sectors and regions
• Implemented a standardised report format in consultation with client teams across different geographies
• Streamlined the monitoring schedule for the timely closure of annual reviews while simultaneously managing the quarterly review process
• Regularly provided support on covenant attestation, asset-based lending collateral management software updates, and internal risk system updates
• Performed active surveillance of the covered portfolio by delivering event update notes for material credit events within 1-2 working days
• Adopted a multi-pronged quality framework encompassing process manuals, data assurance, and analytical reviews

Client Impact

• Standardization of credit reports and models greatly enhanced efficiency
• Active surveillance of the portfolio enabled timely identification of riskier credits
• In-depth analysis of credits, including collateral assessments
• Excellent feedback from regulators with ~100% accuracy rating
• Freed significant bandwidth of onshore credit officers for higher value-activities

Questions

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