Finance reporting support

SUMMARY

Avantage Reply assisted a Finance department of a well-known private bank in daily and monthly reporting production related to liquidity. The key tasks were:

• Produce and certify various regulatory reports, such as LCR, AMT, NSFR incl. contributions to group consolidated reports
• Produce and certify integral liquidity reports based on inputs from various business lines
• Perform analytical reviews of the reporting scope
• Perform plausibility checks and controls to ensure the correct quality of submitted reports

CUSTOMER GOALS

The main goal of our client was to ensure that the liquidity regulatory reports are produced in a timely manner. Equally, the client wished to enhance the quality of reported data through additional controls.

CHALLENGES

The key challenges encountered during the project were the complexity of the local and group systems, the overlapping of multiple projects and initiatives impacting Finance department activity.

SOLUTION

Avantage Reply mobilised a business analyst to perform all reporting and control tasks. Typically, the following responsibilities have been ensured during the project:

• Timely production and certification of the defined scope of regulatory reports for direct submission and group consolidated reporting, e.g. LCR, NSFR
• Recurrent and ad-hoc production of internal liquidity metrics to allow liquidity risk monitoring and management by the bank
• Contributions to the analytical review of the reporting scope between two production cycles
• Execution of additional controls and plausibility checks ensuring the highest quality of reported data
• Where required, the recording of necessary adjustments to be executed in the reporting scope or to the reported metrics
• Coordinating data and information exchanges between various contributors to reporting, i.e. on- and off-shore teams, Finance departments in subsidiaries and the head office
• Contribute to requests from the local regulator regarding submitted reports