Capital Markets Advisors

Turning Change Into Opportunity


Large Scale Conversion Program – Foreign Investment Bank


The client was looking to replace their back office systems and reengineer the processes that support risk management, core banking and lending, treasury operations, and financial reporting for the New York branch of an international bank. They have decided to implement Midas, a back office operation, corporate lending and general ledger system. In addition, a parallel initiative was launched to replace their treasury operations system with Misys Summit.


  • Established PMO and governance structure and ran successful program, including PMO and work streams (requirements, data conversion, development, testing, documentation, training, cutover), status and risk/issue reporting/tracking, tools and templates.
  • Conducted series of workshops and interviews to gather business requirements with the key personnel in each of the functional areas. Created and managed RFP process with leading industry solution providers, and assisted client in the selection of all of the solution components (Midas, Summit, ST Payments, custom development).
  • Developed and executed the data conversion plan and strategy, working with the key business personnel to develop the conversion functional specifications and mapping, developing the technical conversion functional specifications and conversion programs, and managing the cleansing and creation of critical data being converted to the new systems.
  • Managed the development and execution of detailed use cases, test scripts, test plan and strategy, including system integration, UAT, non-functional, mock conversions and parallel.
  • Developed reporting requirements and built a data warehouse to support customized financial, operational and risk reporting.
  • Developed work flows and procedures for all front, middle and back office processes. Middle office control procedures included report formats, limits, utilization and exception reporting, escalation and aging procedures, pricing/valuation, and models.
  • Developed training plans and utilized new procedures to ensure full operational readiness and a smooth transition to the new environment.

Results and Success Factors

  • Able to evaluate a large and complex architecture and propose a target solution and implementation roadmap based on industry best practices and an understanding of the client’s internal architecture constraints.
  • Worked closely with all stakeholders (client and vendors), managed the entire transformation program, utilizing the PMO governance and reporting structure and processes with all of the work streams, in order to successfully deliver the systems and processes with transparent budgeting and timing throughout.
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