Global DCM deal and revenue platform

In detail

HSBC · October 2014 to September 2016 · Senior Project Manager, Debt Capital Markets (consultant)

One technology platform for the Syndicate and MTN desks worldwide, replacing a patchwork of systems for deal capture, revenue reconciliation and management information.

Scale: 4 critical front-office applications · budget $1.7m · 5 FTE · 10 months for the revenue tracker

The challenge

Debt Capital Markets ran four critical front-office applications, from pricing and blotters to MI reporting, with separate deal-capture processes in each region. The MTN and bond-issuance application was unstable and audit-exposed, reporting cycles were slow and the architecture cost more than the business needed.

What I did

• Captured global requirements through regional business analysts and completed a gap analysis with offshore technical teams to set a realistic scope.

• Prepared the cost-benefit analysis that secured buy-in from individual business managers, then delivered desk by desk.

• Resurrected the critical application used to manage new MTN and bond issuance for the origination desk, delivering a stable, audit-compliant global platform.

• Delivered the green-field global DCM deal and revenue capture, reconciliation and reporting platform, globalising the Syndicate and MTN desks onto one system.

• Tracked and reported portfolio financials to the COO, business change owner and origination desk every two weeks.

Outcome

• $1.6m in licence cost saved and operational and reputational risk significantly reduced.

• 20% FTE saved through the automated platform globalisation.

• Fewer systems, simpler IT architecture and shorter reporting cycles.

Skills: Front-office delivery · Global stakeholder management · Cost-benefit analysis · Audit compliance · Portfolio financial reporting