Evaluation, Selection & Implementation of Trading, Risk & Brokerage Processing Solutions Following Merger
Offering: Risk mitigation, Efficiency improvements, Cost reduction, Remaining competitive, Platform modernization
Client: Top Tier Global Universal Bank
Client Situation
A top-tier global universal bank, following the acquisition of a large investment bank, sought to integrate and operate the consolidated entity as a single institution. The goal was to establish a shared service center, create an integrated platform, and achieve a lower cost of operations while effectively managing risk and scaling business volume across all asset classes.
Key challenges included:
Inconsistent processing and reporting methods due to disparate legacy systems.
Variations in financial standards, organizational structures, and operating models.
Technology platform gaps requiring modernization to support new operational needs.
High levels of manual processing, leading to errors and increased reconciliation efforts.
The main drivers for the initiative were:
Risk mitigation.
Efficiency improvements.
Cost reduction.
Remaining competitive.
Platform modernization.
Approach
Capital Markets Advisors employed its proven methodology and comprehensive toolkit to evaluate and implement solutions tailored to the client’s needs. The approach was divided into evaluation and selection and implementation phases:
Evaluation and Selection Phase
Capital Markets Advisors leveraged its expertise to expedite the evaluation process by:
Customizing a core set of functional requirements and a standard set of metrics to assess potential solutions.
Developing a refined RFP template for engaging vendors and outsourced providers.
Creating and utilizing a vendor scoring model to compare target solutions effectively.
Designing a framework for testing and demonstrations, ensuring compatibility with the client’s unique requirements.
Conducting vendor reference checks with a structured interview guide.
Developing a formal business case for the selected solutions, TCAM Systems and Broadridge.
Implementation Phase
Capital Markets Advisors ensured a seamless transition to the selected solutions by:
Establishing a PMO and governance structure to oversee all program activities.
Managing key workstreams, including requirements gathering, data conversion, development, testing, training, and cutover planning.
Providing status updates, risk/issue tracking, and using tools and templates to maintain project visibility.
Interviewing key business unit managers to provide insights for organizational design and strategic planning, as well as developing pro-forma financials.
Assisting in the establishment of risk limits for the new entity and implementing comprehensive risk management policies and procedures.
Adopting BPS Advantage for real-time delivery of security master data, client accounts, transactions, positions, and balances.
Benefits
The initiative delivered significant improvements and positioned the client for sustained success:
Enhanced Quality and Scalability:
Achieved better controls, scalability, and streamlined processes across the merged organization.
Cost Savings and Efficiency:
Reduced operational costs and improved efficiency through automation and integration.
Improved Controls and Reporting:
Strengthened internal controls and provided more accurate and timely regulatory reporting.
Reduced Risk:
Minimized risks by consolidating platforms and standardizing processes.
Platform Modernization:
Migrated to modern, scalable systems with TCAM Systems and Broadridge, supporting future growth.
Sustained Competitiveness:
Positioned the institution as a leader in operational excellence and adaptability in a highly competitive market.
This project exemplified Capital Markets Advisors’ ability to integrate and optimize complex, global operations, delivering tangible value while aligning with the client’s strategic goals.
