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At BCS Consulting, we are focused on delivering complex business change projects in banking and the financial markets that exceed client objectives and deliver impressive results.

At BCS Consulting, we use our deep domain knowledge and experience to help clients define and deliver large scale business and technology change initiatives.

At BCS Consulting, we build on firm foundations and ensure a broad range of core management consulting skills are at the heart of our business.

Case Studies

At BCS Consulting, we work in partnership with clients to deliver solutions that work in practice.

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At BCS Consulting, we like to share our informed thoughts and opinions on the latest developments in the financial services marketplace.

    Risk And Finance Data Alignment

    • Our team worked with a global bank to design a process and governance framework that would drive the alignment of data across their Risk and Finance functions.

     

    The brief

    Our client launched a global data strategy programme to address regulator concerns around the consistency and accuracy of the information provided by their Risk and Finance functions. Discrepancies were caused by a lack of consistency in data sources, definitions and aggregation rules, as well as a lack of ownership over specific data elements.

    Our team’s challenge was to lead a Risk and Finance Data Alignment workstream, aimed at implementing a process and governance framework to drive home standardisation and assess data management solutions.

     

    The solution

    Our team got to work supporting our client’s Risk and Data Officer to design a framework for identifying ‘golden’ data sources and standardising definitions for existing data elements. We also assessed three in-house data management tools and identified a tactical solution to support a pilot study.

    We went on to pilot the new process, governance framework and preferred system in relation to seven critical data elements that were used as part of the Firm Data Submission Process (FDSF), before extending the governance framework to cover all businesses and functions aross the bank.

    CS3

    The results

    Our team played a leading role in the creation of a standard process and governance framework for data used by Risk and Finance, which was scalable to support the needs of the bank as a whole. We also established a tactical system solution and created a ‘golden source’ for data elements and definitions.

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