Germany
IFRS9 Phase I and IFRS9 Phase II for CNP Assurances Customized SPPI testing, Parametrization of Multi Criteria Formulas und SQL Segments PoD and LgD calculation to estimate cash flow factors Initiation of a new accounting framework with definition and implementation of Financial Accounting Methods (FAM) and Financial Accounting Principles (FaP), FiFo / LiFo for the appropriate IFRS9 purposes (determined through data extractions) Rating / Ranking implementation to determine the increase of credit risk according to IFRS9 business requirements. Parametrization of the relevant holding categories with credit impairment stages through credit loss allowance transactions. SCD configuration of SCD for the international CNP entities in Cyprus, Ireland, Spain, Brazil, Luxemburg and Italy to make sure that IFRS9 credit loss allowances are precisely calculated. Development and implementation of Enhanced Discounting Technics (daily coupon stepped) Development of the assumed contractual cash flow, which now can be used for both credit loss allowance and bond amortization Development of PERTRIKNO (Persistent Transaction Number) for the precise management of Intra Day FiFo P/L and to create a unique TaxLot Identification. Extensive experience with Data Extraction, Filter Tool Box und SCD Formulas. Yield curve implementations for CNP Assurances to calculate precise forward rates. General Reconciliation to reassure the precision of the new framework and validate deviations. Approval processes for unrealised credit loss allowance and unreal.real balance interest appreciation, all related to IFRS9. Realization of so-called „Repair Projects“ to correct configurations and holding / TaxLot data FAP and FAM reconfigurations for cases where business requirements have been changed Releases from 5.9 to 21.01
1st Level Support with the SimCorp Implementation @ SwissLife Zurich / France
Implementation Collateral Management Implementation Interest Rate Swaps