The client is the subsidiary of a large banking group in France, which is active in Asset & Wealth Management, Corporate & Investment Banking, Insurance and Specialized Financial Services and Payments areas.
As part of the annual review of the Risk Appetite Framework, the clients decided to reshape and redesign its framework to better integrate it with other internal processes such as the strategic plan, the budget process and the ICAAP.
This reshaping consists of:
After a gap analysis conducted by Avantage Reply and discussed with the client, the roadmap of the reshaping covered the investigated key building blocks. The team deployed included experienced subject matter experts to provide support and project management on each building block described below:
The identified actions have been fully implemented, allowing the client to improve and validate at the Senior Management level the overall Risk Appetite Framework and better link it with the identified strategic processes. The review of the process allowed the client to better cover the missing perimeter and subsidiaries as well as strengthen quantification methodologies of the indicators.