Counterparty Rating Process Automation
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.
Achievements
-
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
