Advisory Services
The Advisory Services Group practice area focuses on the analysis, review, guidance and creation of frameworks to empower our clients business and technology groups including the following.
CORE SERVICE OFFERINGS
The work is performed by our industry practitioners and domain experts who each have many years of relevant experience spanning the market sectors, asset classes and functional areas we cover. This group is also adept in understanding the changing regulatory environment relating to central clearing & settlement, risk, transparency, capital allocation, and financial reporting.
Requirements
Requirements Analysis is a well established process driven by working collaboratively with our clients to build a vision of what a new application / enhancement / solution will do for the company. We leverage a variety of accelerators and methodologies to streamline the requirements gathering process.
Major elements of the process typically include:
- Business process maps – existing and future states
- Current and future technical environment – which ones, how used, how integrated
- Challenges, pains and problems associated with current systems
- Additional factors driving the desire to consider change
- Improvements in business processes that can be achieved
- New system functional / technical requirements
- Gaps and how to close them
- Success criteria
- Potential ROI of a new system
Overall project success is dependent upon having well defined and agreed requirements along with clear success criteria.
Impact Analysis
An O3 Impact Analysis looks at the outcome of a project and its potential effect on the environment around the project (business environment, systems infrastructure, financial environment, etc.). It will highlight the differences in the environment between the current state and the future state after the project has been implemented. It may also look at a host of gradients of project impact, as well as the impacts of alternative approaches.
O3 Impact analyses are also used to either heighten or allay concerns about a project’s outcome by focusing on post-project conditions. An impact analysis typically incorporates the following components:
- Anticipated outcomes from the project
- Pre-project state
- Areas where the project is/was expected to impact the pre-project state
- Assumptions
- Data sources
- Data presentation (pre-project versus post-project)
- Conclusions
FIXED INCOME BROKER \ DEALER
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.
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
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.