• LEADING THE FIELD IN TREASURY

    LEADING THE FIELD IN TREASURY

Large UK Building Society

Challenge

Develop a strong control environment and to enhance the knowledge-base of all relevant non-Treasury staff to act as an additional line of defence against potential breakdowns in control.

Solution

  • Provide a detailed, impartial report highlighting findings and identifying specific solutions
  • Transfer of XMI’s professional knowledge to Treasury & relevant non-Treasury staff
  • Provide a risk-control template for future use, based on the unique XMI Methodology
  • Train staff members to use XMI Methodology© and relevant Treasury products and provide best practice benchmarks for risk monitoring and control

Outcome

  • Measured reduction in financial and reputational risk
  • Evidence to regulators of a proactive approach to operational risk
  • A risk management framework developed which met the most stringent criteria
  • System of controls set up which stand up to scrutiny against the best market standards
  • Optimal deployment of economic capital following convergence with best market practice
  • Develop the team`s understanding of treasury products and the embedded risk in specific products