Background
Following changes in regulatory standards laid out by the US federal reserve, changes were required to the risk models of our major US Investment Banking client.
Challenge
A team of Quantitative Analysts was required to be deployed onsite within a short time-frame to enable our client to meet regulatory requirements and avoid hefty penalty fines for non-compliance. This proposed a challenge to the bank’s existing consultancy suppliers as resources required Market Risk model development with Capital and Derivative Pricing Models – skills that were not readily available on the market or within their preferred consultancy’s workforce.
Solution
Due to having over two decades of experience networking specifically in this space, we were able to call upon McGregor Boyall’s specialist network of consultants, providing our client with the specific skills and experience required whilst being able to nurture a team environment that enabled the ultimate success of the project.
“Having over two decades of experience networking specifically in this space, we were able to call upon McGregor Boyall’s specialist network of consultants…”
Outcome
We successfully deployed a team of nine consultants that worked as a team to help successfully meet regulatory requirements. The success of the engagement was best evidenced by the fact that the client, who had previously preferred their more established, larger consultancy partners to provide these skills, completed the project having zero reliance on those partners. This meant they could deliver the required outcomes at a more appealing cost point.
