CISI Risk in Financial Services case studies
CISI Risk in Financial Services · Put your knowledge to work in context.
Risk in Financial Services is a professional qualification offered within the CISI's range of professional qualifications for the financial services industry. The CISI describes itself as a financial services professional body with over 54,000 members worldwide, and it publishes a Qualifications Navigator to help candidates identify which qualification fits their career stage. The CISI Risk in Financial Services case studies are 5 cases and about 4,767 words.
1The Reconciliation Gap at Northbridge Asset Management
Northbridge Asset Management, a UK wealth manager with £14bn under management, outsourced its trade reconciliation and settlement matching to a third-party administrator fourteen months ago. In March a mapping error introduced during the administrator's platform upgrade caused an FX settlement to fail: £2.3m of client money sat unsecured for three business days before being recovered in full.
940 words, about 5 min2Board Renewal at Clevedon Bank
Clevedon Bank is a UK challenger bank with £3bn of assets. Its board has seven members: the CEO, CFO and COO as executives, and four non-executives.
999 words, about 5 min3Cloud Concentration and Exit Planning at Harrington Boyd
Harrington Boyd is a UK bank with £9bn of retail deposits. Its payments hub sits on a single US-owned cloud provider under a 24-month auto-renewing contract signed eighteen months ago.
927 words, about 5 min4Covenant Waiver at Marchmont Engineering
Marchmont Engineering Ltd is a privately owned UK manufacturer with an £8m term loan and a £2m revolving credit facility, of which £1.5m is drawn. At origination the bank's model assigned a twelve-month PD of 0.8% and an LGD of 45%.
939 words, about 5 min5VaR Exceptions in the Ashcombe Rates Portfolio
Ashcombe Asset Management runs a £250m portfolio of UK gilts and high-quality corporate bonds. The portfolio's modified duration is 6.2 and its convexity is 45.
962 words, about 5 min