Real time solution for the management of excess market trades

The Markets Department of one of the top 4 banks of Australia was growing and required a real-time solution for placing trading limits and reporting excesses regulated by Product Managers.

Industry

Financial Services

Project Budget

$60 million

Capabilities Applied

Digital Transformation

Business Analysis

Negotiation Skills

Workshop Facilitation

Multi-Stakeholder Engagement

Situation

The Markets Department of one of the top 4 banks of Australia was growing and required a real-time solution for placing trading limits and reporting excesses regulated by Product Managers.

Complication

Traders and their managers were in 3 locations across the world and the solution needed to fit the requirements of each local team. Whilst the timeliness of the data and reporting were the objectives, these were not to be an impediment to trade transactions.

Action

We developed a real time Market Risk Reporting System for Product Managers to conduct Business Intelligence analysis and reports on their trading data (MUREX), limits and excesses within timeframe and budget with no impact to traders within parameters. Engaged and trained impacted users across 6 South East Asian countries, London and Australia.

Outcome

A real time solution was implemented and old manual methods decommissioned. The new Operating model for the management of limits and excesses was widely accepted and a local network of champions, change request process and document registry were set up.