Case studies

We strive to offer the best knowledge, project experience and market insight to the CFO and CRO of banks, insurance companies, asset managers, and pension funds. Our consultants constantly aim to make an impact for our clients. Take a look at our case studies.

Global Reporting Strategy

Global Insurer

Developing a Global Reporting Strategy for a Multinational Insurer.

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Design and implementation of a global reporting strategy

A global insurer required an enhanced global reporting environment across the enterprise wide organization, delivering high quality, flexible, and IFRS and Solvency II compliant reporting for Finance, Risk, Capital and Investments, efficiently as well as effectively.

What did we do?

  • Defined a functional model for global IFRS, Risk, Solvency and Investment reporting
  • Designed a data model for integrated global reporting
  • Defined and implemented systems governance framework for global reporting
  • Defined and implemented data governance framework for global reporting
  • Designed the TO-BE functional model and TO-BE IT architecture for global reporting
  • Advised on vendor selection for system solution of financial accounting, global reporting and risk calculation
  • Designed Solution Architecture for Global Reporting including data integration architecture
  • Quality Assurance for the implementation of the Solution Architecture
  • Implemented data model in reporting solution including interfacing with country units

Results achieved

  • Improved data quality and reporting through consistent data definitions, data management and data governance
  • Increased flexibility to meet increasing, more detailed and ad hoc (regulatory) reporting requirements in a time effective manner
  • Improvement of the finance organization: functionality, processes and automation
  • Increasing operational efficiency for finance, risk & reporting
  • Global infrastructure for reporting including common language, processes and system solutions
  • All leading to better business decisions and increased flexibility to meet (regulatory) reporting requirements

BCBS239

Global Bank

Founding business driven BCBS 239 compliance for a Global Bank.

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Design and implementation of BCBS 239 compliant framework Global Bank, G-SIFI and therefore subjected to first deadlines on BCBS239 compliance, has requested us to co-lead program for BCBS 239 compliance for all risk types and advise on approach for analysis as well as documentation of evidence.

What did we do?

  • Project Management
  • Embedded vision and approach for auditable architecture documentation: both for business and process as well as systems architecture
  • Designed and implemented approach for documentation of data lineage, in line with architecture documentation
  • Designed and implemented approach for the BCBS239 evidence package
  • Designed vision and approach for embedding BCBS239 compliance at Group and Country Units

Results achieved

  • BCBS 239 evidence pack for submission to the regulators
  • Data lineage documentation for Market, Liquidity, and Credit Risk
  • Architectural overview, combining risk and finance systems and the data flows between them
  • Data Agreement framework (usage, delivery and quality)
  • Integrated framework and operating model optimizing the use of existing frameworks like the Operational Risk Management, Compliance Risk Management and Global Data Management framework as well as existing key controls
  • Documented guidance for the roll out of BCBS 239 compliance monitoring for 1st and 2nd line of defence

IFRS and Regulatory Reporting

Domestic Bank

Getting a Domestic Bank in control for IFRS and Regulatory Reporting.
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In Control for IFRS and Regulatory Reporting

Domestic bank aimed to improve its process for financial and regulatory reporting, proving to be fully in control within 8 months. We have been asked to design and implement a program fit for a sound implementation and embedding of the required improvements.

What did we do?

After a current state assessment of the end-to-end external reporting chain, we have designed and implemented:

  • Administrative organisation and internal controls (process flows- and narratives, risk & control matrices, test of controls plan and scripts, remediation plans) for all domains involved in reporting, from sourcing businesses to end reports
  • Data governance including data glossary with clear definitions, data lineage, data quality controls and data delivery agreements
  • Training program to embed a controlled data environment for IFRS and Regulatory reporting
  • Non-financial risk charter and framework including policies

Results achieved

  • The bank has been provided with an effective and up to standard administrative organisation and internal control ensuring management to be in control for financial and regulatory reporting
  • A certification of the administrative organisation and internal control by an independent auditor
  • Improved awareness of internal control within all the domains in scope

Data Integration Architecture

Domestic Bancassurer

Guiding a Domestic Bancassurer with a data integration architecture.
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Data Integration Architecture Mortgages

Domestic bancassurer required a new mortgages data warehouse to optimize internal and external information supply for mortgages. We have been asked to challenge this initial need and propose alternative solutions when applicable.

What did we do?

  • Analyzed current and future information needs for the mortgages business for all stakeholders;
  • Designed functional model and ‘infrastructure’ of processes, procedures, controls and tooling for mortgages and IFRS reporting, regulatory reporting and capital calculation for Basel II/III as well as Solvency II
  • Defined three scenario’s for an effective, efficient, and, flexible data integration chain mortgages based on functional model
  • Enabled the selection of the final scenario based on robust criteria
  • Defined business case and implementation strategy

Results achieved

  • High level Business Model Mortgages (2018 -2022)
  • Founded choice in house vs. outsourced Data Warehouse
  • Data Integration Architecture design understood by Bank and Mortgages Board
  • Business case and implementation strategy: gateway to implementation phase

Target Operating Model for CDO

Central Bank

Designing a CDO department for a Foreign Central Bank
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Target Operating Model for CDO

A Europa based Central Bank wanted to create a new Chief Data Officer department to provide data services to the entire organization. They requested Mount Consulting to help them with the definition of a target operating model (‘TOM’) for the CDO department.

What did we do?

Using our innovative architecture design (RAF/SAF) approach, we defined the new TOM for the CDO organization:

  • Set the scene by defining the business drivers and design principles
  • Assessed the current state of the CDO organization
  • Assessed the future state requirements for the CDO services and organization
  • Defined the future services to be offered by the CDO department
  • Defined the governance organization
  • Defined the implementation roadmap
  • Defined the roadmap governance approach

Results achieved

  • A robust CDO organization which offered a flexible and expandable service model
  • In the months thereafter, the client deployed the CDO services throughout the bank, resulting in consistent data usage and a steep improvement in data quality and in data lineage. This opened up possibilities for advanced analytics and reconciliation by design between departments

TOM for Enterprise Risk Management

Domestic Bancassurer

Lifting a Domestic Bancassurer to the next level of Enterprise Risk Management
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Target Operating Model Enterprise Risk Management

Domestic bancassurer required Target Operating Model for Enterprise Risk Management to algin and integrate the diversified risk management functions of the organization.

What did we do?

Using our innovative architecture design (RAF/SAF) approach, we defined the new TOM for the ERM organization:

  • Set the scene by defining the business drivers and design principles
  • Assessed the current state of the ERM organization
  • Assessed the future state requirements for ERM
  • Defined the scenarios for the TOM
  • Assessed the scenarios and proposed a preferred TOM scenario
  • Defined the governance organization
  • Defined the implementation roadmap
  • Defined the roadmap governance approach

Results achieved

  • Balanced operating model between Group and the respective business lines replacing a previous diversified and hybrid finance and risk ecosystem
  • Well-aligned responsibilities between the finance and the risk function