Context

As part of its IT transformation and in response to increasing regulatory requirements, the client initiated major upgrades to its applications dedicated to risk management and financial reporting. Two critical systems were involved: SCREAM, used to calculate risk indicators under Solvency II, and OLISFA, dedicated to financial reporting and the integration of processing scripts. To secure these evolutions and ensure the reliability of regulatory processes, the client relied on Avaliance to support technical developments, modernize deployment processes, and stabilize production environments.

Challenges

The client needed to ensure compliance with Solvency II requirements while improving the reliability of risk calculation and financial reporting systems.

Key challenges included automating deployments, reducing technical debt related to legacy scripts, improving the quality of financial reports, and stabilizing application environments in a highly regulated context.

Avaliance Intervention

Achievements

Avaliance deployed a structured approach combining technical expertise, automation, and application quality improvement:
  • evolution and maintenance of the SCREAM application for Solvency II risk indicator calculations

  • implementation of automated deployment processes using Jenkins

  • development and enhancement of financial reports using Actuate

  • decommissioning of Groovy scripts and integration of processing logic into the OLISFA application

  • analysis and resolution of production incidents to stabilize financial reporting environments

Technologies Used

Solvency II
Financial Reporting
Jenkins
Actuate
Groovy Decommissioning
Regulatory Compliance

Results

Thanks to Avaliance’s intervention, the client achieved concrete and measurable results:
1
strengthened compliance with Solvency II regulatory requirements
2
improved reliability of risk calculations and financial reporting processes
3
automated application deployments significantly reducing operational risks
4
reduction of technical debt through the rationalization of legacy scripts
5
enhanced stability of production environments and critical financial systems

Context

The client operates in a context of information system transformation, driven by modernization, governance, and IT environment security challenges. The mission was carried out for the IT department of a major environmental services company, covering both IT teams (Customer, Corporate, BI, Operations) and business departments (Accounting, Controlling, Billing). Avaliance’s intervention was part of a program aimed at securing financial processes and strengthening coordination between IT and business teams, specifically around the E-Invoicing program and financial closing processes.

Challenges

The client needed to address several structuring challenges to secure its financial processes and strengthen regulatory compliance.

Key priorities included compliance with the French E-Invoicing reform, stabilization of monthly and annual financial closing processes, and implementation of robust governance between IT and business departments. It was also necessary to ensure rigorous execution of IT audits on O2C (Order to Cash) and P2P (Procure to Pay) processes while limiting operational risks.

Avaliance Intervention

Achievements

As part of this mission, Avaliance contributed to securing and managing financial processes through:
  • steering of the E-Invoicing program scoping, including O2C/P2P process review and PDP selection

  • structuring and management of monthly and annual financial closing in coordination with IT and Finance

  • analysis and resolution of data discrepancies between billing systems, Finance ERP, and reporting tools

  • implementation of operational governance including pre-closing committees and incident tracking

  • steering and coordination of remediation actions resulting from IT audits and auditor controls

Focus Areas

E-Invoicing (PDP)
Financial Closing
IT Audit & Control
ERP Finance
O2C & P2P Processes
Business-IT Governance

Results

Avaliance’s intervention enabled the client to achieve the following outcomes:
1
secured critical financial processes related to billing and financial closing
2
improved coordination and communication between IT and business departments
3
establishment of structured operational governance for financial closing cycles
4
readiness and preparation for compliance with the French E-Invoicing reform
5
improved tracking and faster remediation of IT audit findings identified by auditors

Context

In a highly regulated banking environment, counterparty management and rating are key elements in financial risk management. In this context, a leading investment bank launched initiatives to strengthen the reliability and governance of its rating processes, while improving data quality and ensuring compliance of access rights and authorization mechanisms within risk management applications. The mission is part of a broader transformation program aimed at structuring workflows, improving eligibility mechanisms, and supporting the implementation of new business functionalities.

Challenges

The client needed to improve and automate counterparty rating processes in order to enhance the quality of risk assessments and strengthen exposure management.

Key challenges included ensuring consistency of rating mechanisms, managing access rights and application authorizations in line with security policies, and implementing new business functionalities. It was also necessary to improve the quality of data used in risk analysis and secure operational processes to limit operational risks.

Avaliance Intervention

Achievements

Avaliance contributed to structuring and improving counterparty rating processes through several key initiatives:
  • implementation of derived counterparty rating mechanisms (FC/LC) and eligibility rules

  • structuring of the rating workflow, default management, and counterparty relationship qualification

  • implementation of Security Policy: management of access, authorizations, roles, and confidentiality

  • business requirements collection, backlog prioritization, and scoping workshops within an Agile framework

  • execution of UAT testing, deployment support (Day 1), user training, and post-go-live support

Technologies & Frameworks

Counterparty Risk
Process Automation
Agile (Scrum)
UAT Testing
IAM & Security Policy
Capital Markets Risk

Results

Avaliance’s intervention enabled the client to achieve the following outcomes:
1
improved reliability and automation of the counterparty rating process
2
strengthened governance and compliance of access to risk management applications
3
enhanced quality and consistency of data used in risk analysis
4
optimized rating workflows and default management mechanisms
5
improved visibility for risk teams on counterparty assessments and associated exposures

Context

In a banking environment subject to strong risk management and regulatory compliance requirements, collateral calculation processes play a key role in controlling financial exposure. In this context, a leading investment bank launched a program to modernize its collateral calculation tools to improve the reliability of existing processes and reduce technical debt associated with legacy workflows. The initiative notably aimed to migrate processes developed in SSIS (SQL Server Integration Services) to a more modern application architecture based on .NET, improving performance, maintainability, and overall consistency of the calculation chain.

Challenges

The client needed to modernize its collateral calculation models while ensuring the reliability of processes used in risk management.

Key challenges included removing technical debt associated with legacy SSIS workflows, harmonizing calculation mechanisms, and improving overall processing performance. It was also necessary to enhance tool maintainability and ensure the robustness of processes within a demanding financial environment.

Avaliance Intervention

Achievements

As part of this mission, Avaliance contributed to the modernization and reliability of collateral calculation processes through:
  • redesign and implementation of new collateral calculation models

  • progressive migration of legacy SSIS processes to a .NET-based application architecture

  • drafting of technical specifications and execution of technical and functional tests

  • contribution to Level 2 application support to ensure operational continuity

Technologies & Domains

.NET Architecture
SSIS (Legacy Migration)
Collateral Management
SQL Server
Risk Management Systems
Application Modernization

Results

Avaliance’s intervention enabled the client to achieve structuring outcomes:
1
modernization and rationalization of the global collateral calculation chain
2
significant reduction of technical debt related to outdated SSIS processes
3
improved performance and maintainability of the technical application ecosystem
4
strengthened reliability of calculation processes used in critical risk management
5
implementation of a robust application foundation for future calculation model evolutions

Context

In a highly regulated banking environment, collateral management and certification are critical processes to guarantee the compliance and reliability of financial operations.

Within this framework, a major corporate and investment bank initiated work to strengthen the traceability of application processes and to industrialize delivery and control mechanisms associated with applications related to collateral calculation and certification.

To secure these processes in a context of strong regulatory requirements, Avaliance supported the structuring of development, industrialization, and technical governance practices for the relevant applications.

Challenges

The client needed to strengthen regulatory compliance and the traceability of application processes related to collateral management.

The main challenges involved implementing industrialization mechanisms for delivery, improving development quality, and securing application deployments.

It was also necessary to facilitate the adoption of regulatory requirements by business and technical teams, while improving the reliability of collateral calculation and certification processes.

Avaliance Intervention

Achievements

As part of this mission, Avaliance contributed to the structuring and industrialization of application processes related to collateral:
  • Definition and implementation of application delivery procedures compliant with regulatory requirements

  • Implementation and administration of industrialization and deployment tools: XLDeploy, Puppet, Jenkins Pipeline, Nexus, Docker, and Docker Registry

  • Contribution to the technical governance of applications dedicated to collateral calculation and certification

  • Analysis and integration of regulatory requirements in collaboration with business teams

  • Implementation of development and software quality best practices: branch management, code reviews, continuous integration (Jenkins), and Sonar analysis

  • Steering and coordination of major application evolutions

  • Design of a self-certification mechanism based on a rules engine

  • Implementation of a margin calculation simulation system to improve control reliability

Technologies Used

Collateral Certification

Results

Avaliance’s intervention delivered significant benefits for the client:

1
Strengthened traceability and compliance of application processes
2
Industrialization of delivery and deployment processes
3
Improved quality and reliability of developments
4
Optimization of collateral certification processes
5
Better control of margin calculation and monitoring mechanisms

Context

In a highly regulated financial markets environment, Initial Margin (IM) management is a key lever for controlling exposure and costs related to derivatives trading activities. In this context, a leading investment bank launched initiatives to analyze and optimize its Initial Margin calculation mechanisms applied to derivatives portfolios, particularly Credit Default Swaps (CDS) and Interest Rate Derivatives (IRD). The objective was to improve margin management, optimize clearing strategies, and provide trading teams with decision-support tools to reduce collateral costs and overall exposure.

Challenges

The client needed to optimize Initial Margin management in an environment characterized by strong regulatory constraints and clearing house requirements.

Key challenges included reducing margin costs, optimizing portfolios through rebalancing strategies, and improving Front Office visibility on the impact of clearing decisions. It was also necessary to support trading teams in selecting clearing houses and strategies to optimize collateral allocation and reduce overall market exposure.

Avaliance Intervention

Achievements

Avaliance contributed to the optimization of Initial Margin calculation and management mechanisms through:
  • analysis of Initial Margin models used by clearing houses and SIMM model optimization

  • optimization of IM through back-loading and portfolio rebalancing strategies (IN/IN and IN/OUT)

  • participation in CDS clearing processes with major clearing houses (ICE EU, ICE US, LCH CDSClear)

  • production of analytical reports to support Front Office decision-making and collateral allocation

  • support to trading teams in selecting clearing houses to minimize margin requirements

Technologies & Frameworks

Initial Margin (IM)
SIMM Model
Derivatives (CDS & IRD)
ICE & LCH CDSClear
Portfolio Rebalancing
Collateral Optimization

Results

Avaliance’s intervention delivered significant benefits for the client:
1
optimization of Initial Margin requirements on complex derivatives portfolios
2
reduction of collateral costs associated with multi-site clearing activities
3
improved Front Office visibility on the long-term impact of clearing strategies
4
enhanced control over risk exposure in global derivatives markets
5
provision of analytical tools facilitating strategic decision-making for trading teams

Context

In a highly regulated banking environment, trading activities rely on the reliability of market data and the accuracy of financial valuations. In this context, a leading investment bank launched an initiative to automate the Mark-to-Market (MTM) certification process in order to improve control quality and ensure more reliable transaction valuations. The objective of this initiative is to reduce manual processing performed by analysts, optimize anomaly detection in market data, and strengthen the robustness of valuation controls. To support this program, Avaliance contributed to the design and integration of an analysis module aimed at automating discrepancy detection and improving operational efficiency.

Challenges

The client needed to improve the reliability and efficiency of the MTM certification process in an environment characterized by high transaction volumes and strict financial control requirements.

Automation was required to efficiently process tens of thousands of transactions, reduce manual interventions, and quickly identify valuation anomalies. The project also aimed to increase transparency of control analyses and improve the quality of data used in trading and risk management activities.

Avaliance Intervention

Achievements

Avaliance contributed to the design and implementation of an automated analysis module dedicated to MTM certification through:
  • design of an anomaly detection module for market and trading data

  • implementation of revaluation mechanisms for anomalies using alternative parameters

  • analysis of drivers explaining valuation discrepancies and identifying core issues

  • automation of the Mark-to-Market (MTM) certification process for relevant transactions

Technologies & Domains

Mark-to-Market (MTM)
Automation
Financial Valuation
Anomaly Detection
Market Data Analysis
Capital Markets

Results

Avaliance’s intervention enabled the client to achieve the following outcomes:
1
automation of a significant portion of MTM certification controls
2
improved quality and reliability of valuation data used in trading
3
significant reduction in operational workload for analyst teams
4
faster identification and analysis of market anomalies
5
strengthened reliability of valuation processes across risk management

Context

In a context of IT transformation and increasing regulatory requirements, a leading investment banking institution launched an initiative to rationalize its reserves framework used by trading activities. The objective is to improve the reliability and transparency of calculation methodologies used for reserves, particularly within Independent Price Verification (IPV) and risk management processes. In this context, Avaliance contributed to the review of quantitative models within the TRO team, in close collaboration with trading, quantitative research, and model validation teams.

Challenges

The client needed to strengthen the reliability and traceability of its reserve calculation methodologies while ensuring compliance with regulatory requirements, particularly SR11-7 related to model governance.

Key challenges included formalizing methodological approaches, improving model transparency, automating calculation processes, and enhancing coordination between Front Office, quantitative research, and model validation teams.

Avaliance Intervention

Achievements

Avaliance contributed to the rationalization and formalization of the reserves framework through several key actions:
  • review of quantitative models (IPV, risk, and reserves) supporting trading activities

  • drafting of conceptual and regulatory documentation compliant with the SR11-7 framework

  • collaboration with trading and quant research on the methodological foundations of pricing models

  • revision of reserve calculation methods using empirical, statistical, or actuarial approaches

  • industrialization of calculation processes using automated Python and Excel tools

Technologies & Frameworks

Python
Excel / VBA
SR11-7
IPV (Independent Price Verification)
Pricing Models
TRO
Capital Markets

Results

Avaliance’s intervention enabled the client to achieve structuring outcomes:
1
improved reliability and transparency of reserve methodologies
2
strengthened alignment with SR11-7 regulatory requirements
3
enhanced traceability of models and calculation assumptions
4
industrialization of calculation processes through Python-based automation
5
improved coordination between trading, quantitative research, and model validation teams

Context

In a context of IT system transformation and an increasing number of IT projects, the client in the services sector launched an initiative to strengthen control over its internal processes and improve project management quality. To support this evolution, a Process Support Officer (PSO) function was established to structure process governance, ensure compliance with internal standards, and drive continuous improvement of practices. The mission takes place in a multi-project environment involving IT teams, PMO, quality, and business stakeholders.

Challenges

The client needed to improve the consistency and control of its internal processes within a complex and highly interconnected project environment.

Key challenges included ensuring compliance with project management and quality standards, optimizing operational practices, structuring shared methodological frameworks, and supporting teams in adopting processes and associated tools across the organization.

Avaliance Intervention

Achievements

Avaliance contributed to structuring and improving process and project governance through several key actions:
  • implementation and monitoring of internal procedures for project and change management

  • documentation and formalization of existing processes with operational improvement proposals

  • support to teams in adopting standards, templates, and project management tools

  • execution of compliance reviews, internal audits, and production of KPI dashboards

  • structuring of processes related to new product launches and critical project steering

Focus Areas

IT Governance
Process Support Officer (PSO)
PMO Framework
Continuous Improvement
Quality Assurance
KPI Dashboards

Results

Avaliance’s intervention enabled the client to achieve structuring outcomes:
1
improved maturity of project management practices across all entities
2
better adoption of internal processes and standards by project teams
3
strengthened governance and quality control of IT projects
4
increased visibility on process performance through reliable monitoring indicators
5
structured methodological framework facilitating the launch of new products and IT initiatives

Context

As part of its IT transformation, a leading European transportation player launched several initiatives to improve service quality, modernize infrastructures, and optimize internal processes. The mission entrusted to Avaliance combined operational IT service management, client and vendor coordination, and contribution to several strategic projects such as infrastructure migrations, financial reconciliation programs, and internal tool automation.

Challenges

The client needed to maintain a high level of service quality while simultaneously delivering multiple critical technical projects.

Key challenges included meeting SLA/OLA commitments, improving coordination between internal and external stakeholders, ensuring the success of infrastructure and business tool migrations, and optimizing and automating internal processes.

Avaliance Intervention

Achievements

Avaliance ensured operational IT service management while contributing to several key transformation initiatives:
  • management of incidents, service requests, and problems, and service transition follow-up

  • facilitation of meetings with clients and vendors and production of SLA monitoring dashboards

  • contribution to a financial reconciliation project and datacenter migration covering networks and virtualization

  • participation in B2B/B2C reservation system migration projects for European operators

  • development of internal dashboard tools (PHP/MySQL) and billing automation (VBA)

Technologies & Tools

ITSM (SLA / OLA) Datacenter Migration PHP / MySQL Excel / VBA Automation Virtualized Environments Process Optimization

Results

Thanks to Avaliance’s intervention, the client achieved tangible and measurable results:
1
improved IT service management and monitoring of service commitments
2
enhanced coordination between internal teams, vendors, and international partners
3
secured delivery of critical migration and business tool transformation projects
4
optimized internal processes through operational tool automation
5
increased reliability and performance of system and network environments
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