Full risk data aggregation and risk reporting (BCBS239) compliance
Treasury IT
Regulatory Reporting Areas Including:
Counterparty Credit Risk
Market Risk
MS Visio
Microsoft BI
Informatica
Murex
SQL
Banking Regulation
Market Risk And Counterparty Credit Risk
Process Automation
Key to the role was ensuring that all existing documentation was up to date and accurate
Buy in from important stakeholders at the start of the project was key
Understanding the data lineage of all regulatory reports before data service level agreement phase
Ensuring all approximations were relevant to the regulatory reporting area
A large retail bank was tasked with complying with several principles enacted by the Basel Committee on Banking Supervision under BCBS 239. The bank had to develop and account for BCBS 239 controls around data, IT, systems and processes to ensure that risk data used in producing risk measures reported to external and internal stakeholders was accurate, complete and produced in a timely manner.
Monocle was tasked with unpacking the data lineage of
each of the risk measures that were contained in the risk reports communicated to various stakeholders. Monocle developed the controls for the provision and consumption of risk data, the relevant data service agreements and the processes for reporting on data quality. This enabled the bank to better understand various intricacies within their
risk process.
Development of Data Service Agreements
Process optimisation for each risk area within the bank
Full compliance with relevant regulation
Management of multiple stakeholders within the risk function of the bank
Mapping out of key risk data across complex system and processes
Intricate knowledge of relevant international and local regulations pertinent to the risk function