Risk Analysis and Capital Reporting Application to automate the data collection process, calculation, production and submission of routine regulatory reports
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Background
Comply with the FINMA regulatory requirement to report enterprise-wide quarterly stress losses for comparison with other risk measures impacting the firm’s capital adequacy
Leverage the above requirement to better understand how the firm’s capital position changes under stress
Improve ERM stress testing operationally and increase the value add to management
Objective
Develop a reporting platform to automate the process of data collection, calculation, production and submission of FINMA quarterly reports
Design a method to provide commentary to risk metrics at various levels of the business hierarchy
Provide customised reporting with flexibility of drill down, dynamic aggregation and grouping
CRISIL's solution
Solution Development
Developed end-to-end reporting automation platform/user interface
Developed the Client Server Architecture
Detailed the designing using patterns and frameworks such as MVC and Tableau
Worked with a combination of RDBMS/Oracle and Stored procedures
Used linear and non-linear calculations rule-based engine
Project Management
Engaged with diverse function business users for detailed functionalities, gap analysis, data dictionaries and specification docs
Created a functional architecture of the platform
Led the requirements management for the platform
Ensured the quality and successful delivery of the platform
Ensured a smooth transition of end users to the platform
Client impact
Comply with FINMA regulatory requirements
Improve the understanding of the firm’s capital position under stress
Improve stress testing operationally
Improve controls and transparency, and reduce restatements to the regulators
Allow users to adapt reporting to the needs of the regulator on a quarterly basis
Significantly reduce the time and resources to produce the quarterly reports
Increase value adds to senior management
Request for services
Questions
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