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90%
Automated solution for data sourcing, and processing & addressing manual errors and anomalies
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95%
Automated report generation and publishing
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Provisioning
data platform for all other application integration
CLIENT CHALLENGES
- Extensive expertise in risk reporting, modelling and solutions has made Acuity Knowledge Partners the top choice among chief risk officers (CROs) and their teams
- Acuity boasts a team with both domain and technical expertise, equipped with advanced analytical and technical skills
- Acuity’s prior experience in developing a solution and process that addressed regulatory requirements by effectively managing the client’s scattered data made us well suited for the project
OUR APPROACH
- Acuity deployed a team of six experienced subject matter experts to provide support in data mapping validation and verification, data mapping and lineage documentation as per CECL requirements, out-of-process transformation and adjustments and their documentation. In addition, the team assisted in ETL and/or data design while reviewing and ratifying the overall process
- Supported ETL design and development for all out-of-turn adjustments currently performed manually to data elements/attributes
- Built an approval form using Microsoft PowerApps for the approval of model data
- Functions supported:
- Development: Data loading and data aggregation to generate refined data for CECL validation; Validation-process set-up; Documentation
- Support: Ongoing CECL maintenance and support; Documentation and data support for external audits; Documentation
- Governance: Data Quality rules to detect and notify data issues
IMPACT DELIVERED
- The team studied the existing data and key attributes thoroughly and classified them by complexity, materiality and business/regulatory considerations. The results were used for setting up the validation process and smoothened the development and testing of the solution
- Helped define the process for CECL data validation and handled communications with CECL validators
- Provided highly qualified and experienced personnel at a fraction of the cost
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