Detailed Client Case Study

Client Background: Global Asset Manager

Client Benefits:

• SIBOR as the single source of truth for trade date-based transactions, transaction and position reconciliation and start of day positions promoted to CRIMS for trading
• STrue “follow the sun” batches and operating model
• Better and more robust Portfolio Management functionality available to end users
• Automated pre-trade, post-trade and batch compliance monitoring
• “As of” compliance provides the ability to analyze historical data, and supports advanced compliance reporting

Client Challenges:

• Older CRD Version 9 to 213 with IBOR is essentially a brand-new system implementation.
• High Degree of customization to support complex, sophisticated needs of a global fund/asset manager.
• Middle Office provider is running two accounting platforms, a legacy of the two firms’ 2017 merger
• Poor quality in missing deliverables such as incomplete target operating models, missing build items client internal resources; multiple firms providing contractor resources
• Patchy, unreliable test environments, data and delays in resolution of data

issues.

Our Approach:

• Provided program management with a robust governance structure, clear accountability, and defined delivery methodology.
• Scoped the project, implemented change control, and developed an end-to-end plan while addressing external factors (e.g., regulatory changes, pandemic).
• Managed requirements, design, development, and testing phases, overseeing the build-out of the target state platform with phased implementation.
• Managed risks and issues across internal build and third-party dependencies.
• Provided organizational oversight for testing workstreams, anchoring testing programs to target operating models and industry standards.
• Offered test management oversight for QA, including system integration and end-to-end testing