For each of the technical work streams involved in a company’s Part 370 response, requirements will need to be defined and vetted with key stakeholders across the organization, as well as potentially with regulators. We have extensive experience creating business, functional, and technical requirements across a number of different companies in the financial services space. We can help a company gather requirements for Part 370 by:
- Validating existing Part 370 requirements from the FDIC, as well as interpreting additional guidance as becomes available
- Working with stakeholders across business, technology, and operations to create business requirements documents and drive signoff
- Translating business requirements into both functional and technical requirements to enable a seamless transition to development activities
- Creating traceability matrices between various phases of requirements definition
- Managing versioning and storage to avoid a disorganized document lifecycle
Companies will likely have in-house resources who are tasked with creating some or all of these requirements in a normal project. However, having dedicated resources who can write and manage requirements for an entire program will help ensure continuity between different functions and phases. As requirements grow and change, trying to address this with possibly dozens of different business analysts across groups could bring this program to a standstill. Companies will benefit greatly from having individuals who are tasked with writing requirements at a program level.
If you are interested in learning more about FDIC Part 370 and how we can help you comply with the rule, please download our comprehensive guide or complete the contact form at the bottom of this page.