WE CREATE VALUE FOR CLIENTS IN INNOVATIVE WAYS
Aspect Advisory is a boutique financial services and management consultancy. We have and continue to work with a wide range of customers in the financial services space, providing advisory and consultancy services for financial risk assessment, financial risk management and other financial planning and strategy-related requirements, including financial modelling software tools and business strategy.
Here are some of our incredible stories of transformation
OUR SERVICES
We team-up with senior leadership in the financial services sector to provide valuable solutions within a dynamic and challenging environment.
Risk identification and quantification
- Detailed review, identification, and prioritisation of relevant open and
hidden risks
- Defining metrics and classification schemes to quantify measurable and
immeasurable risks
- Complementing probabilistic risk models with customised plausible stress tests
Risk appetite
- Align business strategy to risk appetite and define appropriate levels of risk
- Assist organisations to interpret and roll out Group risk appetite to all
business units
- Define risk triggers, limits, and mitigating actions to minimise downside
- Define and implement risk-adjusted performance matrices to maximize upside
ERM and Governance
- Design ERM frameworks on economic capital, stress testing, and ALM
principles
- Detailed review of existing risk taxonomy
Capital, Solvency and Liquidity Requirements
- Design frameworks to optimally deploy capital at all business unit levels
- Implement risk-adjusted performance to ensure profitability and accountability of risk taking
Driving business performance
- Design and implement analytical frameworks for planning financial goals, and optimising use of capital and liquidity resources
- Enhance business planning by incorporating uncertainty, competitors’
responses & reg. initiatives
Regulatory Compliance
- Identify new business opportunities on the back of regulatory requirements, including digital banking regulations
- Maximise competitive advantage through optimal implementation
Risk identification and quantification
- Detailed review, identification, and prioritisation of relevant open and
- Defining metrics and classification schemes to quantify measurable and
immeasurable risks
- Complementing probabilistic risk models with customised plausible stress tests
Risk appetite
- Align business strategy to risk appetite and define appropriate levels of risk
- Assist organisations to interpret and roll out Group risk appetite to all
business units
- Define risk triggers, limits, and mitigating actions to minimise downside
- Define and implement risk-adjusted performance matrices to maximize upside
ERM and Governance
- Design ERM frameworks on economic capital, stress testing, and ALM
principles
- Detailed review of existing risk taxonomy
Capital, Solvency and Liquidity Requirements
- Design frameworks to optimally deploy capital at all business unit levels
- Implement risk-adjusted performance to ensure profitability and accountability of risk taking
Driving business performance
- Design and implement analytical frameworks for planning financial goals, and optimising use of capital and liquidity resources
- Enhance business planning by incorporating uncertainty, competitors’
responses & reg. initiatives Regulatory Compliance
- Identify new business opportunities on the back of regulatory requirements, including digital banking regulations
- Maximise competitive advantage through optimal implementation
Business Financial Strategies and Target Setting
- Proactive input into strategic planning and business decisions
- Determine financial targets and forecasts for both Group and business unit levels
Planning and budgeting
- Translate target setting process in to detailed plans and budgets
- Optimise planning and budgeting processes (including systems and people)
Efficiencies and cost control
- Detailed cost analytics and identification of related efficiency initiatives
- Review and optimise costs in operations, sourcing, and procurement spend
Monitoring and oversight
- Design of monitoring processes and plans
- Develop triggers for corrective actions
Balance sheet and P&L Management
- Manage income volatility and quality of earnings through portfolio tilt
- Ensure efficient business financial strategies for the effective management of financial resources including capital via the alignment of finance and risk functions
Performance and value-based management
- Design of financial and economic performance management and incentive frameworks
- Categorisation of stakeholders and the design of relevant reporting systems and outputs
Business Financial Strategies and Target Setting
- Proactive input into strategic planning and business decisions
- Determine financial targets and forecasts for both Group and business unit levels
Planning and budgeting
- Translate target setting process in to detailed plans and budgets
- Optimise planning and budgeting processes (including systems and people)
Efficiencies and cost control
- Detailed cost analytics and identification of related efficiency initiatives
- Review and optimise costs in operations, sourcing, and procurement spend
Monitoring and oversight
- Design of monitoring processes and plans
- Develop triggers for corrective actions
Balance sheet and P&L Management
- Manage income volatility and quality of earnings through portfolio tilt
- Ensure efficient business financial strategies for the effective management of financial resources including capital via the alignment of finance and risk functions
Performance and value-based management
- Design of financial and economic performance management and incentive frameworks
- Categorization of stakeholders and the design of relevant reporting systems and outputs
- Pillar 1: Regulatory Risk Requirements
- International: Basel (I/II/III)
- European: Capital Requirement Regulation – CRR (I/II/III) / Capital Requirement
- Directive – CRD (I/II/III/IV)
- National: Minimum Requirements Risk Management (e.g. MaRisk, FMA-Mindeststandards)
- Pillar 2: Internal Risk Requirements
- ICAAP
- ILAAP
- Capital Planning
- Pillar 3: Disclosure
- Regulatory Reporting via ITS (e.g. CoRep, FinRep, AnaCredit, ALMM)
- Stress Testing
- Ad-Hoc Reporting
Pillar 1: Regulatory Risk Requirements
- International: Basel (I/II/III)
- European: Capital Requirement Regulation – CRR (I/II/III) / Capital Requirement
- Directive – CRD (I/II/III/IV)
- National: Minimum Requirements Risk Management (e.g. MaRisk, FMA-Mindeststandards)
Pillar 2: Internal Risk Requirements
- ICAAP
- ILAAP
- Capital Planning
Pillar 3: Disclosure
- Regulatory Reporting via ITS (e.g. CoRep, FinRep, AnaCredit, ALMM)
- Stress Testing
- Ad-Hoc Reporting
FINANCIAL MODEL AUTOMATION SOFTWARE
- Assess current institution environment for optimal automation of in-house model against hosting, software and data constraints
- Design model process flow for the effective development and deployment of models owned by a division for global use within an institution in real time
- Implement robust frameworks for the hosting of models, continuous integration, and continuous delivery of models
- Automated model validation, unit tests, stress tests and back testing
- Cloud migration
DATA ARCHITECTURE
- Assessment an institution’s data sources and data flows
- Design of optimal data processes to ensure a ‘single source of truth’, and effective implementation of data lakes and data warehouses where necessary
- ETL pipeline design and implementation to ensure delivery of effective, clean and structured data from structured and unstructured data sources for ingestion by other processes
- Qualitative data ingestion and textual analysis for decision making in risk management processes
- Assessment and implementation of BCBS 239 Guidelines for effective risk data aggregation and reporting
DATA AND MODEL GOVERNANCE
- Assess effective ownership of models and data aligned for effective decision making
- Mitigation of operational risks due to data miscommunication
- Ensure ownership aligns with model and data process flow, storage and ingestion
OFF THE SHELF CREDIT RISK PRODUCTS
- Suite of developed A-IRB, IFRS 9 and Pricing Model applications that can be utilised independently or as a collective Risk Platform
- Minimal integration requirements which ensure quick lead times
- Ability for integration / adoption of an institution’s in-house models as and where necessary
FINANCIAL MODEL AUTOMATION SOFTWARE
- Assess current institution environment for optimal automation of in-house model against hosting, software and data constraints
- Design model process flow for the effective development and deployment of models owned by a division for global use within an institution in real time
- Implement robust frameworks for the hosting of models, continuous integration, and continuous delivery of models
- Automated model validation, unit tests, stress tests and back testing
- Cloud migration
DATA ARCHITECTURE
- Assessment an institution’s data sources and data flows
- Design of optimal data processes to ensure a ‘single source of truth’, and effective implementation of data lakes and data warehouses where necessary
- ETL pipeline design and implementation to ensure delivery of effective, clean and structured data from structured and unstructured data sources for ingestion by other processes
- Qualitative data ingestion and textual analysis for decision making in risk management processes
- Assessment and implementation of BCBS 239 Guidelines for effective risk data aggregation and reporting
DATA AND MODEL GOVERNANCE
- Assess effective ownership of models and data aligned for effective decision making
- Mitigation of operational risks due to data miscommunication
- Ensure ownership aligns with model and data process flow, storage and ingestion
OFF THE SHELF CREDIT RISK PRODUCTS
- Suite of developed A-IRB, IFRS 9 and Pricing Model applications that can be utilised independently or as a collective Risk Platform
- Minimal integration requirements which ensure quick lead times
- Ability for integration / adoption of an institution’s in-house models as and where necessary
See Firm Credentials
ANALYSIS
The evolution of market share in the banking sector from 2008 to 2018