The client, a European-based bank, required support on several credit risk related topics in the context of the migration of their core banking system.
The focus has been on the smooth implementation into the bank’s new core banking system of the IFRS9 Impairment and Loan Origination and Monitoring regulations across multiple banking products (i.e., guarantees, overdrafts, personal loans, mortgages, Lombard loans etc.).
The project required
The project involved a wide range of stakeholders from various business areas of the bank as well as a vast scope of regulatory topics. Therefore, one of the main challenges was to engage the key stakeholders in key processes and ensure their project expectations are successfully met. Moreover, another key challenge was the understanding and the accurate implementation of the large scope of regulatory requirements within a tight timeframe while maintaining the stakeholder’s motivation at the same time.
Avantage Reply provided two full-time resources who led several credit risk workstreams to ensure the correct implementation of the above-mentioned regulatory requirements into the bank’s core banking system. The deployed team conducted the following: