Project References

Service Line :
Project Management

Banking & Insurance

The Challenge

  • To address counterparty risks, the reconciliation team compares the transaction records with Group counterparties
  • With new regulation, all the counterparties have to be approached to be compliant with a portfolio reconciliation
  • Regular interactions and communications with Trades, Marketers, Legal, Credit and Operations as well as good understanding of all product traded within Group Capital markets are the key elements of success.

Avertim's approach

  • Analyzed the environment of capital markets and developed a complete knowledge of the financial products and the current regulations in place
  • Improved the processes in place regarding the portfolio reconciliation procedure
  • Enhanced communication with Group counterparties to introduce them to portfolio regulation compliancy via the onboarding project
  • Reproduced the global approach to worldwide Group counterparties

Impact and added Value

  • Reached out 99% of Group counterparties regarding portfolio reconciliation
  • Onboarded 89% of counterparties for an operational and compliant portfolio reconciliation (89% Compliancy)
  • Daily management of portfolio reconciliation processes