The situation
What the client needed to solve
Risk metrics — durations, yields, spreads — were being calculated in multiple places by different teams and delivered inconsistently. Portfolio managers had a mixed view, compliance had another, trustees received a summary before each meeting. When stakeholders disagreed on the numbers, resolving the discrepancy consumed time the front office did not have.
The Investment Committee was governing on the basis of summaries produced by a specialist team. That team's judgement was substituting for a governed platform. The risk was not the data — the risk was the dependency.
The approach
How the work was structured
- Mapped every consumer of fixed income risk data — from portfolio managers to compliance to the Investment Committee — and documented the specific metrics each required and the format they could act on
- Designed the centralised dissemination framework: a single governed source of risk calculations, with validated pipelines distributing the correct view to each stakeholder group
- Worked with IT to implement the architecture across the firm's existing systems, ensuring each output was traceable back to the source calculation
- Defined the data validation rules and exception process — so discrepancies surfaced automatically rather than being discovered retrospectively
- Managed delivery from requirements through to adoption across the investment floor, including training and stakeholder communication
Outcomes
First
Single governed source of fixed income risk data achieved for the first time across the investment floor
Immediate
Investment Committee adoption — trustees received the same governed metrics as portfolio managers from day one
Eliminated
Manual pre-meeting risk aggregation by the risk analyst — replaced entirely by the automated platform