Large-scale migration support from legacy risk systems to advance risk management system across multiple geographical location to one of the largest US based Investment Bank

Client: Large US Investment Bank

 

Objective

 

To provide comprehensive support to a large US Investment Bank migrating its multiple front-end pricing and risk systems to a new strategic risk system across multiple geographic locations.

 

 

CRISIL's Solution

 

  • CRISIL rapidly assembled a team of more than 20 associates globally to support the migration
  • Team received intense and extensive training to quickly prepare for the project
  • CRISIL leveraged its expertise and experience in automation to handle huge amounts of data and meet tight deadlines
  • Multiple projects executed simultaneously, including continuous interactions with multiple stakeholders to resolve issues quickly
  • CRISIL employed the following process:
    • Design/Development Phase
      • Deep dive analysis
      • Functional testing
      • Python/Access-based tools created
      • UAT Testing
    • Test Cases and Scenarios
      • Functional testing
      • Issue management
      • Coordination and control
    • Go Live
      • Review and implement the migration plan
      • Post-Production monitoring

 

Client Impact

 

Migrated 10,000 books (products across asset classes) from more than 10 legacy risk engines to a single strategic risk system, on time and on budget.

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Looking for high-end research and risk services? Reach out to us at:

 

United States
1-855-595-2100/
+1 646 292 3520

 

United Kingdom
+44 (0) 870 333 6336

India
+91 22 33 42 3000 /
+91 22 61 72 3000