Risk

Projects


IFRS9

  • Engine Modeling for calculating provisions under T24,
  • Creation of forward looking indicators on the credit risk perimeter, in order to integrate prudential variables in the calculations of accounting provisions.

IRRBB

  • S&O assists team in the implementation of Quantitative Risk Managment tool: Gap analysis and Feasibility study
  • Data analysis on prepayment model of retail mortgage portfolios held
  • IRRBB regulation & Group Minimum standards Gap analysis
  • Uncollateralized Security lending reporting impact analysis
  • Business analysis and solution design in order to integrate Off-Balance sheet positions in IRRBB calculations

New Definition Of Default

  • Assist teams in bringing customer defaults into compliance with the new definition of default: Art 178 of CRR2
  • Validation of methods for calculating default dates and probation dates
  • Validation of the production chain with credit risk / market risk teams by rolling out the testing strategy on impacted bank products

Production Tasks

COREP

  • Reliability and homogenization of the tool feeding for regulatory “risk” reporting production
  • Basel III/IV – Implementation of mortgage calculation for COREP
  • Functionnal and Technical support on production incidents
  • Analysis and correction of data distribution inconsistencies in relation to the supplier

Hedging

  • Validation of the consistency between investment product strategies and risk coverage for a management company
  • Analysis and formalization of Value At Risk processes made available by a local provider

Our Achievements

Focus Compliance: AML / KYC Expertise, Compliance Advisory, Data Management

What we have done

Compliance Advisory : MiFiD II

Conception of a new module for checking suitability & appropriateness of stock market orders according to the customer’s MIFID profile.

Conception of a stock market orders simulator with automatic orders generation based on the results of suitability & appropriateness checks and customer’s decision.

Implementation of an automatic daily portfolio valuation & loss follow up with an automatic account officer alert & customer notification from a threshold configurable according to the portfolio type.

Our Achievements

Focus Compliance: AML / KYC Expertise, Compliance Advisory, Data Management

What we have done

Data Management : Data quality framework

Implement Data quality framework to identify and develop business rules in addition to ensure measurement of progress in obtaining outcomes.

Long term plan coupled with business rules ensures that tactical business rules falls under the purview of the overall strategy.

Our Achievements

Focus Compliance: AML / KYC Expertise, Compliance Advisory, Data Management

What we have done

Scott & Owens supported ING Luxembourg in bringing customer defaults into compliance with the New Definition of Default, art. 178 of CRR2. The mission’s aim was to implement the new regulatory elements for default qualification, and to ensure their conformity with the EBA’s requirements.

Scott & Owens facilitated the interaction between Credit Risk and IT teams, as well as the transcription and technical illustration of regulatory terms with business objectives. Testing and monitoring of the common implementation were carried out throughout the whole counterparty risk process.

Our Achievements

Focus Compliance: AML / KYC Expertise, Compliance Advisory, Data Management

What we have done

AML / KYC Expertise : Due Diligence on customers

Perform Customer Due Diligence on corporate clients by identifying and verifying the following as it applies to entity under investigation using approved sources.

Ensure proper CDD/EDD is completed during client onboarding stages which include understanding of controls and ultimate ownership of customer’s entities and identifying PEPs.

Investigate full ownership and control to identify all ultimate beneficiaries and possible PEPs for KYC and risk management purposes.