Large-scale migration support from legacy risk systems to advance risk management system across multiple geographical location to one of the largest US based Investment Bank
Objective
- One of the biggest US investment banks wanted to migrate its multiple front-end pricing and risk systems to a new strategic risk system
Challenges
- A team of more than 20+ associates globally was set up in a short span of time to support various sub projects within the migration assignment
- Extensive training was planned to quickly prepare the team for deliverables to achieve go-live stage
- Automation to handle huge amount of data to achieve tight deadlines for each project
- Multiple projects had been worked on simultaneously, which also involved interacting with multiple stakeholders and resolving issues in short time frames
CRISIL’s solution
Design/Development Phase
- Deep dive analysis
- Functional testing
- Python/Access-based tools created
UAT Testing
- Test cases and scenarios
- Functional testing
- Issue management
- Coordination and control
Go Live
- Review and implement the migration plan
- Post-Production monitoring
Migrated 10,000 books (products across asset classes) from more than 10 legacy risk engines to a single strategic risk system
Questions