Banking & Finance

Risk management portal

Customer

Rupstech helped an Italian banking group implement a new risk management portal for wealth management and funds.

Customer Challenges:

The client wanted to develop a new Risk Management Portal for wealth management and funds, improving data usability by introducing a greater level of detail. It also wanted to internalize the Value at Risk (VaR) calculation which it had outsourced, quitting the external vendor license. This would improve the bank’s know how and allow for cost cutting. Based on its experience in similar projects, its knowledge of the client’s environment and its known skills in program management, Rupstech was asked to support the general coordination of activities for this project.

Our Solutions & Services For customer:

To coordinate this project, Rupstech managed the Program Management Office and collaborated with the bank’s internal coordinator, establishing shared governance of the project.

Rupstech proposed and supported the formalization of a master plan for the project. It monitored the progress of activities and of the organization, and participated in operational meetings. It also facilitated ad hoc demand management for users by collecting issues raised by users, formalizing an issue log, and alerting the owners of these activities to a due date for resolution. This helped to prioritize activities and keep top management informed of progress.

The internalization of the VaR calculation method cuts outsourcing costs, delivering savings, while the new Risk Management Portal facilitates the achievement of improved VaR calculations that make use of greater detail.

Risk management controls for Wealth Management now cover 100 percent of client portfolios. By improving its risk management capability, the bank meets the requirements of regulatory authorities for better control of market risk for wealth management.

The new Risk Management Portal also puts in place a foundation for the development of future risk management processes and strategies.

Our finance and risk services

Operating in a business climate of permanent disruption and volatility, firms across industries face extraordinary challenges related to their profitability, the sustainability of their operations and business models, and an accelerating regulatory agenda.

Our finance and risk services can help firms address these challenges with clarity and confidence. We help firms strengthen their profitability drivers, reduce their enterprise exposure to risk, reduce internal organizational complexity and costs, actively manage regulatory pressure and issues, and turn organizational change into a platform for sustainable growth.