HL-1276 RAY Maintenance and enhancements.

closed

EIB is committed by its statute to comply with best market practice, including the adoption of Basel Ill requirements (Pillars 1 and 2). The Bank is broadly compliant with the Capital Requirements Regulation and Directive (CRR/CRD IV) and is currently fine-tuning its Basel Ill Pillar 1 credit risk advanced internal ratings-based (AIRB) implementation.In this context, the Bank is seeking a service provider to complement internal efforts in the implementation of additional functionalities in its Basel Ill Pillar 1 credit risk calculator (Moody's RiskAuthority) and maintenance thereof.The service provider will:— advise on the implementation of proposed changes to the regulatory capital calculation in Moody's RiskAuthority,— prepare functional specifications and describe the process and system developments needed for the proposed changes to the regulatory capital calculation in Moody's RiskAuthority,— liaise with data owners to ensure adequate data sourcing for the regulatory capital calculation,— perform actual functional implementation and maintenance of the regulatory capital calculation in Moody's RiskAuthority,— liaise with the Bank's IT department to implement any requested changes as and when needed,— test related IT developments, including in the context of upstream application changes/integration, create and follow up on remedy tickets,— draft related documentation for EIB use.