Middle Office support for a treasury department

The assignment comes at a time when Group entities are tightening up their processes for producing valuations and testing the effectiveness of hedges, notably as part of periodic accounting closings. The main objective is to ensure the reliability and compliance of accounting treatments for financial instruments in accordance with IFRS 9. In addition, the mission aims to optimize coordination between the various teams involved, and to enhance the quality and relevance of the monthly reports produced by the Middle Office, in conjunction with the Risk Department.

To meet these objectives, the approach consisted in structuring and coordinating the closing process across the entire scope concerned, involving the various operational and financial stakeholders. Particular attention was paid to the precise definition of accounting treatments, as well as to the implementation and documentation of hedges in accordance with IFRS 9 requirements. At the same time, the assignment included a phase of analysis and continuous improvement of the Middle Office's contribution to monthly reporting, by adapting tools and procedures to better meet our customer's needs.