Objective

To provide comprehensive support to a large US Investment Bank migrating its multiple front-end pricing and risk systems to a new strategic risk system across multiple geographic locations.

CRISIL's Solution

• CRISIL rapidly assembled a team of more than 20 associates globally to support the migration
• Team received intense and extensive training to quickly prepare for the project
• CRISIL leveraged its expertise and experience in automation to handle huge amounts of data and meet tight deadlines
• Multiple projects executed simultaneously, including continuous interactions with multiple stakeholders to resolve issues quickly
• CRISIL employed the following process:
  • 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
      

Client Impact

Migrated 10,000 books (products across asset classes) from more than 10 legacy risk engines to a single strategic risk system, on time and on budget.

Questions

Looking for high-end research and risk services? Reach out to us at: