Robert Scott Levine
Based on primary research demonstrating real-world 'tricks of the trade', this is a working manual geared for risk practitioners to implement an effective risk architecture. It clearly shows how systems have been implemented in practice, where things have gone wrong and where successes have been achieved.
SPECIFICATIONS
Book Size: 155mm x 235mm
Pages: 262pp
ISBN-10: 1-904339-73-5
ISBN-13: 978-1-904339-73-1
Binding: Hardback
Format: Book
SUMMARY
It is increasingly difficult to measure and manage financial risks without some degree of automation and systems support. Companies are now demanding an 'engine' to determine and report true risk exposure that also has the ability to access, integrate, cleanse, store, and analyse the large amounts of data needed to do this.. In addition, regulatory requirements such as Sarbanes-Oxley and Basel II point towards systems as key to managing risks in a consistent, traceable manner. Consequently, spending on risk technology is significant and growing.
Nevertheless, many risk technology implementations fail to some degree. This failure is not simply down to a lack of risk methodologies or an absence of robust risk systems solutions, but tends to be due to implementation issues.
The expertise, background, tools and methods needed to successfully implement a risk architecture are different to those required to deploy other financial systems such as accounting packages. This book provides you with both the functional and process background to accomplish this, as well as an experienced practitioner's view on overcoming implementation challenges.
The author's extensive contacts with major risk solutions vendors, users, and consultancies are leveraged to present the leading concepts and trends in risk architecture. Finally, the author does not ignore the people side of risk architecture, using his experience with hiring and managing project teams to describe the 'right' type of people needed in the various stages of a risk architecture rollout programme.
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TABLE OF CONTENTS
Chapter 1: The Challenge
Chapter 2: What is Risk Management and Measurement?
Chapter 3: Functional Requirements for a Risk Management Solution
Chapter 4: Technology Requirements and the Requirements Process
Chapter 5: Availability Checking and Violations Workflow
Chapter 6: Sourcing and Capture of Static Data
Chapter 7 Sourcing and Capture of Dynamic Transactional Data
Chapter 8: Sourcing and Capture of Dynamic Market, Credit and Operational Data
Chapter 9: The Importance of Configuration
Chapter 10: Data Modelling and Management
Chapter 11: Data Quality
Chapter 12: Querying and Reporting
Chapter 13: Technology Design
Chapter 14: The Development Process
Chapter 15: Evaluating Vendor Solutions
Chapter 16: Support Requirements and Staffing
Chapter 17: The Implementation Process
Chapter 18: The Future of Risk Architecture
Appendix: Risk Infrastructure Resources
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AUTHOR BIOGRAPHY
Before becoming a consultant Robert Scott Levine was a Vice President in charge of information protection at Bank of Tokyo-Mitsubishi North America. Prior to that he has worked with risk, trading, and financial systems design, control, and implementation at Reuters Limited in New York, London, and Tel Aviv. Robert has also held audit management and senior staff positions at Deutsche Bank North America, Barclays Bank Plc, and other large financial institutions. Robert publishes widely in business and technology journals. His current research interests include operational risk data sources, risk management in personal finance, and early warning indicators. Robert Levine holds an MBA from Baruch College, City University of New York, a BS from New York University, and is completing a doctorate in finance.
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