Collateral Management Technology Change
Client:
G-14 Investment Bank
Client Requirement:
The client had several collateral management functions organised along product silos (OTC Derivatives, Repo, Securities Lending). From these it wished to create a single collateral function to enhance operational efficiency, improve client reporting and facilitate cross product margining.
To enable this organisational change, the client’s collateral management IT infrastructure also needed to be transformed.
Our Engagement:
InteDelta was engaged by the client to provide project management and business analysis consultancy to support both the technology and organisational change involved in designing and implementing the bank’s strategic cross product collateral management organisation and process.
Our engagement evolved through the lifecycle of the project from initial strategic advice on organisation and business process, through to functional analysis relating to implementation.
Our Approach:
InteDelta provided a team of consultants, from project managers to business analysts working across multiple programme work streams alongside the client’s staff and various vendor consultants in the US and Europe.
We undertook an analysis of all collateral management activities across the client organisation, and designed harmonised data structures and business process. We then worked with the client IT function to develop and implement a technology solution to support these requirements.
Business Benefits:
The client achieved wide ranging business benefits from the initiative, improving risk management; increasing operational efficiency; reducing cost and enhancing client service.
Together these benefits placed the client at the forefront of best practice within the collateral management industry.
