Our Approach | Broadgate Partners

What We Do and How We Do It

Our structure allows us to support short run, quick-to-deliver business needs and medium to long term initiatives.

Clients have utilised our consulting expertise to analyse processes and implement greater efficiency and control, whilst others have had immediate resourcing issues and hired us to deliver their remediation projects or to meet BAU demands.

The significant experience and expertise of our consultants means that we require only minimal familiarisation with systems and processes, allowing us to move quickly, directing our effort from day one towards planning and delivery phases of projects or fulfilling our clients’ resourcing requirements.

We offer a cost-effective, high quality, bespoke alternative to other consultancies and have the flexibility to meet your exact requirements.

Recent Assignments

Regulatory Trade & Transaction Reporting

Project Brief

Requirement from a global bank for a team of 16 staff based in 2 UK locations to address control issues with the current BAU process in Trade and Transaction Regulatory Reporting by identifying, collating and documenting reporting issues into packages of work requiring system/technical remediation.

Deliverables

Implemented a robust governance structure and operating model including a control framework
Trained the BAU team and delivered the new process
Established MI and metrics fit for purpose for distribution to appropriate managers and stakeholders
Gathered requirements for the build out of a database, reconciliation and tracking tool
Built and tested the new tool, ensuring it was fit for purpose, enabling a controlled implementation,
Categorised and recorded break types accurately and tagged them in the break tracking tool accordingly
Reviewed break reports, identified themes and performed analysis.
Grouped common issues/themes into packages of work and delivered to Technology Division, enabling them to execute the required systems/technical remediation
Cross-referenced break themes versus existing lists of known issues, escalated and handed over new issues to the Investigations Team
Investigated and remediated breaks, liaising with clients where appropriate

Regulatory Transformation Programme – Client Data

Project Brief

An assignment with a global bank to assess and deliver business requirements for mandatory/regulatory transformation programmes impacting their Client Data Division to ensure compliance with Global regulations including MIFID II, EMIR, Dodd-Frank, FATCA, IOSCO Un-Cleared Margining and 4th EU MLD

Deliverables

Provided detailed impact analysis and advice/direction to implement proposed and final regulations to Data Services RTB teams.
Liaison between RTB business owners (Front Office & Operations), Legal & Compliance, Regulatory Affairs and the relevant technology delivery programmes.
Provided stakeholders with clear status and progress updates to assist the delivery of timely, accurate and compliant business requirements documentation using our client’s established project governance frameworks.
Facilitated business requirements and design workshops to ensure mandatory project artefacts were delivered in accordance with the bank’s governance framework.
Assisted in the scoping of test planning and delivery of user acceptance testing.
Responsible for producing end-to-end delivery plans covering the entire bank’s governance framework.
Ensured project deliverables were fully traceable to original regulatory requirements

KYC Remediation

Project Brief

A team of 8 staff including a Programme Manager, Business Analysts, KYC SMEs and QA Specialists to work on a long-term KYC Remediation Programme.

Deliverables

Supported the various sub workstreams within the wider programme (Reconciliation, Analysis, Remediation), ensuring appropriate handoffs were defined with other groups where overlaps existed.
Developed detailed plans for each workstream, ensuring that all elements were co-ordinated and maximum efficiency was achieved across the Programme as a whole.
Developed a QA function to sit underneath each workstream, ensuring that all Remediation and other activities were executed to the appropriate standard. Worked with RTB teams to align this function with the RTB QA Model and ultimately transition to BAU.
Worked with wider Remediation team, KYC Programme and local management to identify and mobilise most appropriate resource pool to fulfil remediation requirements.
Identified key stakeholders and defined governance structure and MI reporting requirements. Conducted and led status update calls, ensuring that relevant risks, issues and actions were documented and tracked.
Defined MI reporting dashboard and produced accurate, complete and timely MI on client remediation and off-boarding activities throughout the project to highlight risks and issues
Remediated deficient KYC/AML information in client files.
Identified breaks between downstream trading and settlements systems and KYC platforms, resolving the breaks to mitigate KYC Risk across the Bank.

Finance – Balance Sheet Adjustments Remediation

Project Brief

One of the key strategic objectives of the Finance department of this investment bank is to compile a complete and accurate Daily Balance Sheet on a timely basis. The project requires a review of material month-end adjustments to identify and prioritise upstream fixes and/or daily resourcing requirements and partner with Asset Liability Committee (ALCO) owners to interpret and assess the data and translate it into a migration strategy for each of the Daily Balance Sheet (DBS) system adjustments.

Deliverables

Worked with adjustment owner/Finance IT (FIT) resource to document business process definition for each solution.
Analysed and assessed other material DBS adjustments required but not currently performed in the system or in the general ledger
Analysed incremental headcount impact from various proposed solutions to RTB resource requirement.
Managed overall coordination and provided leverage to input from ALCO owners to achieve a population of adjustments executed daily to meet required DBS accuracy targets
Defined Target Operating Model for daily process including cross-functional roles and responsibilities
Produced a set of business requirements for each migration solution per adjustment, which has been signed off by FIT

OTC Equity Derivatives Middle Office

Project Brief

A 1 year assignment in the IB division of a global bank, providing SME BAU support staff to the Equity Derivatives Middle Office following the migration of a large number of roles to offshore service centres

Deliverables

Stabilised the BAU function within the Trade Support, Lifecycle Management, Exotic & Structured Deal Review and Data Integrity Teams in London, following a number of regretted leavers that were not part of the offshore migration
Notification and maintenance of lifecycle events
Calculated complex product pay-offs and ensured the timely and accurate notification to Sales, Trading and downstream teams
Controlled risk management via daily controls list
Solved complex problems and acted as an interface to the Business, Operations and Business Unit Controllers, ensuring all internal client needs were met in an efficient manner
Transparent escalation of risk issues to key stakeholders