Client Overview:
One of the world’s largest global banks — with assets exceeding $3 trillion and operations spanning commercial banking, trust, securities, and asset management across more than 50 countries — engaged Enosys to build the operational foundation for its Secondary Loan Trading business from the ground up. The engagement covered process design, loan accounting system implementation, and integration with existing fixed income infrastructure, enabling the client to launch a compliant, scalable secondary loan trading desk within a 15-month timeline.
The Enosys Solution:
The client is one of the world’s largest financial institutions, ranking among the top global banks by total assets. Its operations span commercial banking, trust and custody, securities, investment banking, and asset management across more than 50 countries. With this scale comes complexity — including the need to build out new business lines with the same operational rigor applied to its core franchises.
The bank sought to establish a Secondary Loan Trading desk to participate in the syndicated loan market. No workflow, accounting system, or operational bridge between the trading desk and middle office existed at project inception. Enosys was engaged to design and implement the full operating model from the ground up, providing the expertise and resources necessary to deliver a fully operational desk on schedule.
The team focused on:
Designed the end-to-end operational workflow for the secondary loan trading desk, establishing the role of Primary Trader Assistant as the liaison between the desk and middle office. Defined trade lifecycle processes aligned with LSTA standards — from execution through settlement and accounting — and created escalation paths, exception management procedures, and daily operational runbooks.
Result: The client launched the desk with a fully documented operating model and clear process ownership across every stage of the loan trade lifecycle.
Led the initial configuration and implementation of FIS WSO as the primary loan accounting system, working directly with the WSO product team to tailor the platform to the desk’s trade types and reporting requirements. Designed and executed the integration between WSO and AFS Level 3, ensuring loan positions reconciled accurately to the general ledger. Leveraged existing bond settlement infrastructure (Broadridge) to facilitate payment processing and initial trade booking — avoiding the cost and timeline of building parallel systems from scratch.
Result: WSO went live as the book of record for secondary loan positions. AFS Level 3 received clean position data with no manual rekeying, and Broadridge handled settlement from day one.
Provided end-to-end program and project management across the full 15-month engagement — from initial planning and governance through system implementation and post-launch support. Managed requirements documentation, stakeholder engagement across trading, middle office, and technology teams, UAT design and execution, and milestone tracking across all workstreams.
Result: The desk launched on schedule with all systems integrated, processes documented, and the operations team fully trained and ready to run independently.
Conclusion
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