Business Process Improvement

Business Process Improvement

• Attain insight into business process improvement (BPI) options and the reduction of operational risks by reducing the number of manual tasks and introducing applications that enable straight-through processing (STP).
• Assess potential gaps to enable the introduction of new information technology assets into the business processes (e.g., assess the impact of introducing a new trading platform).
• Design and document the desired future business process state.
• Plan transitions to the future business process state while ensuring that strategic business objectives and regulatory compliance are achieved on a timely basis.

Our BPI Services Can Successfully Support and Develop a Wide Range of Business Initiatives

• Capital Markets Client Onboarding: Redesign existing onboarding business processes for capital markets clients to achieve operational efficiencies and establish centralized support for meeting Anti-Money Laundering, Dodd-Frank and FATCA (U.S. Foreign Account Tax Compliance Act) regulatory requirements.
• Broker-Dealer Business Acquisitions: Consolidate the fixed income back-office operations and applications of a capital markets broker-dealer with a bank’s back office operations.
• Pre-Trade Risk Controls: Document capital markets and retail trading processes and assess compliance of order capture and submission (both direct market access and order at care) and algorithmic trading processes with IIROC provisions for electronic trading regulatory requirements.
• CDCC Repo Netting Service Implementation: CDCC has introduced a new clearing service that provides Netting of Repo trades. Document and assess current front-to-back Repo trading, risk and settlement process. Develop future state CDCC Repo Netting processes, identify changes to the existing business processes, technology and organizational responsibilities.
• ACL/PCL Reporting Process Improvement: Create a common monthly north/south view for the recognition and processing of ACL/PCL for both risk and finance processes. Automate the capture, calculation and reporting of ACL/PCL data, enhance business and technology infrastructure for producing the key risk reports for all portfolios (e.g., corporate, commercial and retail).
• Enterprise Stress Test Process Improvement: Assess compliance of the enterprise stress test process with the BCBS “Principles for Effective Risk Data Aggregation and Risk Reporting” to enable the planning and undertaking of initiatives whose objective is to enhance management of information across legal entities, jurisdictions and information that is consolidated at various levels of the enterprise. Enhance business and technology infrastructure for producing key risk management reports.
• FX Booking Platform Replacement: Replace an existing FX trade management platform with a Wallstreet FX system that enables back office STP for FX trades. Implement a new FX trade booking process to eliminate manual interventions, thus reducing credit and operational risks.
• Market Risk Data Aggregation and Reporting: Assess compliance of the market risk data aggregation and reporting process with the BCBS “Principles for Effective Risk Data Aggregation and Risk Reporting” to enable the planning and undertaking of a number of initiatives whose objective is to enhance management of information across legal entities, jurisdictions and information that is consolidated at various levels of the enterprise. Enhance the business and technology infrastructure for producing key risk management reports.
• Corporate Lending Process Improvement: Redesign corporate lending processes (e.g., deal origination / new business introduction, risk reporting, credit servicing and monitoring, loan booking, funding and monitoring, advanced funding, credit maintenance and monitoring, and risk reporting) to take advantage of new credit adjudication and risk assessment tools. Consolidate credit servicing back office operations and systems with other lending organizations.