CSBS Technology Conference

Transcription

1 CSBS Technology Conference November 8, 2010 Chicago, Illinois Malcolm Jay, ETS Program Manager 1 FDIC Examination Tools The Next Generation Malcolm Jay, ETS Program Manager 2 1

2 The year was 1996 Netgear was founded Nintendo 64 was just released The Intellimouse was introduced Apple stock sank to 10 year low of $18 per share AT&T Worldnet began Intel released the 200MHz P6 processor Windows CE and Internet Explorer 3.0 was the standard 3 The year was 1996 AndALERT ALERT v1.0 was developed Then in 1999 GENESYS v1.0 was developed 4 2

3 Major Changes? ALERT has remained basically unchanged since 1996 with exception of software updates GENESYS had one major update with version 4.0 in Business Challenges Current System Reliance on Subject Matter Experts Examination Inefficiencies Maintenance Issues Security weaknesses Technical Obsolescence 6 3

4 The year is now 2010 Examination Tools Suite (ETS) Will replace several examination software applications Automated Loan Examination Review Tool (ALERT) General Examination System (GENESYS) Exam Download Site (XDS) Interagency Examination Repository (IER) Examination Transmittal Process 7 ETS activities to date ALERTmodernization began in 2007 GENESYS modernization began in 2009 Combined Projects into a Capital Investment Project in

5 Who Are Project Participants Subject Matter Experts Representing All Examination Doctrines Rapid Feedback Group Experts and non experts Getting examination field staff involved in development Participants from FDIC, CSBS, States, and FRS 9 Status Quo Alternatives Modify Lift and Shift Additional Enhancement in Out Years Custom Development 10 5

6 Recommended Alternative Custom Development Pros Upgrades to latest technology Improves examination efficiencies Provides higher performing local database of informationfor use on future examinations 11 Recommended Alternative Custom Development Pros Enhanced security Provides for shared environment capability Eliminates reliance on MS Office 12 6

7 Recommended Alternative Custom Development Cons Most expensive Requires extensive project management and oversight Diverts hours from examination activities to software testing and training Diverts DIT staff hours away from competing projects Requires new contractor skill sets 13 GENESYS Pain Points Corrected with ETS Reduce overhead Over 21,000 hours annually for the FDIC Reduce manual processes and workarounds Reduce dependence on MS Office FDIC, States, and FRS all have different versions of MS Office installed 14 7

8 ALERT Pain Points Corrected with ETS Reduce "clunky ness allow examiners to spend more time focused on exam activities Improve security 15 Future ALERT enhancements Design ETS ALERT for future application to other asset types in addition to loans (Securities, Other Real Estate, and Other Assets data) Design ETS ALERT to provide database for trend analysis at the Washington or local level 16 8

9 ETS Program Schedule 17 Program Goals Increase efficiency Eliminate data redundancy and duplicative data entry Improve ease of access, reporting, and data accuracy Reduce maintenance expenses Reduce risk and improve the security of data Reduce risk from technological obsolescence 18 9

10 Business Challenges Increasedsupervisory supervisory activities Extensive manual data entry and paper generations Frequent and time consuming deployments of GENESYS updates Inefficient sharing of information among examiners Inefficient gathering of data for the exam Cumbersomereport report transmittalprocess Security weaknesses Limited network connectivity 19 Business Objectives Consolidate business functionality intofewer coherent applications with a common look and feel Reduce maintenance time and cost of Loan data import Call Reports and UBPR updates Improve presentation of historical Call Reports Improve the efficiency of Reports workflow Simplify the data collection Reduce the security weaknesses Improve data access and data sharing 20 10

11 Program Scope Current ALERT GENESYS Only loan examination and review Safety & Soundness, Compliance and Specialty Examinations ROE (Report of Exam) XDS IER/ETF Examination prep & initiation, data collection & download Post exam processing and exam review 21 Program Scope Current Future ALERT Only loan examination and review All asset examination and review GENESYS Safety & Soundness, Compliance and Specialty Examinations Safety & Soundness, Compliance and Specialty Examinations ROE (Report of Exam) ROE (Report of Exam) Exam prep, initiation, data collection & download Post exam processing and exam review XDS Examination prep & initiation, data collection & download Retire IER/ETF Post exam processing and exam review Retire 22 11

12 Current Technical Challenges Technical Obsolescence Current technology no longer supported Difficult to maintain Technical Compatibility Redeploying GENESYS is more frequent, more time consuming MS Office version incompatibility Noncompliant with Target Architecture 23 Technical Objectives Re platformto to address technicalobsolescence Simplify maintenance and enhancements Streamline deployment Reuse existing services from SIMS Create reusable services Minimize dependency on Microsoft Office 24 12

13 Program Governance Governance Board Steering Committee Program Charter Independent Risk Management Change Control Board Project Teams ETS ALERT Interagency Stakeholder Group ETS SAGE Interagency Stakeholder Group 25 Program Risks Funding Resources Technical Architecture / Solution Architecture User Acceptance Competing Priorities Interagency Coordination Management of Fixed Price Contracts Contractor Qualification and Continuity 26 13

14 Resource Needs Resource Needs Focus groups to ensure accurate data flow and business needs being met Testing and training 27 Current New Releases GENESYS Office 2007 GENESYS Update (GENupdate) FDICconnect Download and print multiple files Selecting multiple files to upload to session Allows users to select specific persons in bank to have sessions with 28 14

15 Questions? 29 Malcolm Jay ETS Program Manager Federal Deposit Insurance Corporation Division of Supervision