Legacy Market Risk Framework Implementation for a European Financial Institution

European multilateral financial institution | Data, digital & technology | Supranational

The challenge: A large multilateral European financial institution needed to construct and implement a Legacy Market Risk Framework comprising three programmes: a Legacy Risk Framework to catalogue all existing market risk data and track changes, a new strategic Value at Risk and Stress Testing calculation engine, and a strategic Reporting and Analytics engine.

What New Link Consulting did: New Link Consulting appointed a Senior Programme Manager to oversee the full delivery, bringing immediate change management discipline and deep Market Risk expertise. The manager rapidly identified major problem areas, enabling risks and issues to be mitigated efficiently. The team worked closely with internal bank teams and vendor partners to ensure end-to-end cohesion, keeping implementation in line with the bank's Application Software and Production Control standards throughout.

The outcome: Successful implementation of all three programmes — the Legacy Risk Framework, the Value at Risk and Stress Testing engine, and the Reporting and Analytics engine — delivered in line with the bank's Application Software and Production Control standards and policies.