Expertise · Finance & Risk

Finance & Risk Advisory

An independent finance and risk advisory firm. We support banks, insurers and asset managers on governance, models, regulatory compliance and transformation — aligned with the standards of financial institutions.

Your transformation projects call for reinforcing the risk management framework, steering financial projections, allocating resources more effectively and controlling costs. Since the financial crisis, the prudential framework — Basel and its finalisation, FRTB, ICAAP/ILAAP and ORSA requirements, the SREP supervisory review — has only raised the bar.

Our conviction: the value of a framework lies not in its complexity but in its clarity. We turn demanding environments into documented, auditable frameworks your teams can own — conflict-free, serving your decision alone.

Our added value: a senior outside view on your organisation, projects that are strengthened and secured, and support for teams throughout change.

Four areas

Our areas of expertise

01

Risk governance & organisation

Challenge
A robust governance framework drives risk appetite, decision quality and supervisory trust.
Our approach
Risk mapping, risk appetite framework, three lines of defence and committee governance.
Deliverable
A documented, auditable governance framework: RAF, policies, procedures and steering reports.
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02

Models & quantification

Challenge
Valuation, risk measurement and economic capital rely on reliable, documented and validated models and indicators.
Our approach
Development and review of risk models and indicators — credit, market, operational, interest-rate, liquidity and business risk — proportionate to risk materiality; backtesting and model risk management.
Deliverable
Documented models, validation files and alignment with supervisory expectations (internal models).
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03

Projects & information systems

Challenge
Data and IS quality drive the ability to produce reliable, traceable and timely risk reporting.
Our approach
Scoping, business ownership and securing of front-to-risk IS transformation programmes; data governance and change management.
Deliverable
IS roadmap, BCBS 239-compliant data governance, and tools that meet the expected service level.
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04

Compliance & best standards

Challenge
Internal requirements, the regulatory framework (Basel, FRTB, ICAAP/ILAAP, ORSA, BCBS 239, SREP) and best-practice benchmarks: a continuous flow of standards to anticipate and embed.
Our approach
Gap analysis against internal, regulatory and market expectations; end-to-end compliance and formalisation of targeted policies.
Deliverable
Documented target policies, prudential files (ICAAP/ILAAP, SREP) and prioritised remediation plans.
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In detail

Where we intervene

From regulatory requirements to operational frameworks — end-to-end support.

  • 01 Define the risk appetite framework
  • 02 Steer capital and liquidity — ICAAP & ILAAP
  • 03 Prepare and secure the SREP supervisory review
  • 04 Implement Basel III and its finalisation
  • 05 Roll out FRTB on the trading book
  • 06 Strengthen internal models (credit, market, operational, counterparty)
  • 07 Implement prudent valuation, IPV and P&L explanation
  • 08 Design and industrialise stress tests
  • 09 Reinforce data and process quality — BCBS 239
  • 10 Steer asset-liability management (ALM) and liquidity
  • 11 Steer financial projections, resource allocation and costs
  • 12 Embed climate and ESG risks
Our clients

The institutions we support

Banks

Corporate and investment banking, commercial banking, retail banking and specialised financial services.

Insurance

Insurance companies: governance, models and compliance.

Asset management & markets

Asset managers, investment funds and financial markets.

We also work with African financial institutions and development organisations — central banks of the WAEMU zone, IFC (World Bank Group): financial risk and treasury management, risk appetite and ICAAP, stress-testing and training.

Proof

Representative engagements

All engagements →
  • Design, governance and coordination of an ICAAP framework through to final validation, with supervisory dialogue (JST/ECB) — Société Générale
  • Supplementary supervision of a financial conglomerate (ICAAP, ORSA, FiCoD) and risk appetite statement — Groupe BPCE
  • Monitoring of FRTB streams (internal model and standardised approach) — Natixis
  • Enhancement of an economic-capital model — equity, interest-rate and inflation VaR — Caisse des Dépôts
  • Anti-fraud controls programme on capital-markets operations — BNP Paribas
  • Risk appetite, ICAAP and stress-testing for African financial and microfinance institutions — IFC (World Bank Group)
FAQ

Frequently asked questions

What is finance and risk advisory?

It means supporting financial institutions in measuring, steering and controlling their risks (credit, market, liquidity, operational), in allocating their financial resources and in complying with the prudential framework (Basel, FRTB, ICAAP/ILAAP, ORSA, SREP).

What is the difference between ICAAP and ILAAP?

ICAAP (Internal Capital Adequacy Assessment Process) assesses capital adequacy against incurred risks; ILAAP (Internal Liquidity Adequacy Assessment Process) does the same for liquidity. Both feed the SREP supervisory review.

What is the FRTB?

The FRTB (Fundamental Review of the Trading Book) overhauls market-risk capital requirements: a new boundary between the trading and banking books, a revised standardised approach and an internal model (IMA) based on expected shortfall. Its implementation mobilises the business, risk and IS functions alike.

What is BCBS 239?

BCBS 239 sets the principles for risk data aggregation and reporting: governance, quality, completeness and timeliness of data. Its implementation underpins the reliability of prudential and management reporting.

Why choose an independent advisor over a large firm?

An independent advisor brings a senior outside view, free of conflicts of interest: the direct involvement of an expert throughout the engagement, projects that are secured and strengthened, and support for teams through change — rather than work intermediated by junior profiles.

A finance or risk challenge?

Let's discuss your governance, model or compliance topics.