Objective

• Assist the bank in efficiently delivering process, infrastructure and organisational Change
  Objective was to establish a BCBS IOSCO framework on margin requirements, streamline processes and Architecture to improve efficiencies; Also to enable support to other regulations viz. CFTC, ESMA, FinFrag, Mifid, HKMA, MAS and at various stages of the compliance life-cycle

CRISIL's solution

• Execution Strategy
  
  • Formed a central co-ordination team comprising CRISIL and client representatives
  • Worked closely with bank’s hiring managers in for defining requirements and skillsets; built a pool of 150 candidates to select from
    
• Implementation
  
  • Engagement signed in June 2015 for 25 consultants with deep domain expertise
  • Bank stakeholders had an opportunity to interact with candidates and provide an in-principal go ahead.
    
• Governance and Quality Control
  
  • Intensive In-house Trainings: Up-to 6 week of domain intensive training (topics include: IB Derivatives, Regulations, stakeholder management, trade life cycle, BA processes and Bank specific systems)
  • Weekly and monthly governance on project progress with regional and global client stakeholders
  • Continuous performance assessment for consultants and feedback loop with bank managers
    

CRISIL impact

• 75% of team on boarded in Poland within 3 months of signing SoW and 100% within agreed SLA timeframe
• All team members have received excellent feedback from key stakeholder and have also contributed by training bank team members
  

Questions

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