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Front-Office Supervisory Risk Dashboard

Client

Swiss Investment Bank

Function

Front-office; Investment Banking

Asset Class

Multi-asset

Geography

UK

Duration

9 months

The Ask

The client identified a potentially serious loss, which resulted in a substantial fine from the regulator. This led to a regulatory requirement program to provide more comprehensive controls and reporting. The immediate result was a high volume of non-targeted reports.

To meet regulatory requirements, the client started a tactical-to-strategic program of controls with the Front-office supervisory dashboard as the go-to point for metrics and risk management. The dashboard included 14 key metrics at launch in 2014 with a further 21 metrics planned for 2015.

Methodology

GreySpark analysed the metrics and data sources required, which were cross-referenced with available tactical and strategic data. The follow tasks were completed

  • Business requirements and technical design documents were delivered based on GreySpark data analysis;
  • A Golden Source for data was built and designed and a reporting mechanism was created;
  • Tactical (Excel-based) UI was adapted to format results; and
  • Regular reports were sent back to the regulator.

Outcome

GreySpark delivered:

  • A single view dashboard for all front-to-back metrics identified as core to risk management (circa 35 named metrics covering IB FO);
  • Data sourcing from a tactical and strategic view (tactical data was on-boarded with the first iteration of core metrics provided within three months of start);
  • A build of a centralised Golden Source of metric data; and
  • A designed and built GUI that enabled a global view to a desk-level.

GreySpark Delivered Benefits

  • The GreySpark-designed dashboard provided a single Golden Source and a global view of metrics for use by COOs.
  • The source data can be cut quickly to give a consolidated view across one or many metrics which saved the client time and provided necessary data transparency.
  • The dashboard satisfied regulator demands and provided key control and risk management across all regions.

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