The Palais de la Bourse (Stock Exchange Palace) in Lyon, France was erected in 1862 at the epicenter of the silk trade from which the city thrived. Today it is still one of the most remarkable landmarks of the city.
Client: Fixed Income Broker / Dealer
Requirement: Analyze and summarize firm-wide risk requirements supporting the planned evolution of the business, producing a short-list of potential vendor supplied application solutions along with recommendations for next steps.
Rationale: A new business launched by the firm required a clear understanding and definition to support their Risk Management approach, philosophy and objectives defined prior to initiating a vendor selection process. The process was intended to meet current needs and position the firm for growth in the next three to five year time horizon.
Our Contribution: Senior Experienced Market and Credit Risk practitioners provided an unbiased and deep knowledge in the domain, framing requirements to support the new business today and as it evolves on a global basis.
Approach: The requirements gathering was accomplished through a series of detailed interview sessions with the key stake holders including the CEO, CFO, CIO and representatives from each business line. The data was compiled into a business requirements document that defined their current state, future state and transition roadmap.
Results: The executive summary analysis was presented to the CEO and management team. An action plan was adopted to move forward towards acquiring an optimal solution and integrating it into the firms’ end to end environment. Budget for acquisition of new system, integration and implementation plans were developed and prepared for senior management sign off.