A Tier One bank’s front office XVA was managing peripheral risks on a spreadsheet with a monthly manual cycle. This process was cumbersome, outdated, prone to errors and losing money due to incorrect risk calculations. This was also an audit risk due to the lack of controls and auditability.
Actions and outcomes
emagine undertook a current state analysis, proposed an intuitive solution, prepared and executed an end-to-end delivery plan, and oversaw the implementation and roll-out of the solution, eventually leading to the automation of the manual process.