Book description
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.
Book details
- ISBN
- 9781904339731
- Publish date
- 1 Feb 2007
- Format
- Size
- 155mm x 235mm
Editor biography
Robert Scott Levine
Robert Scott Levine is a finance and risk consultant and writer currently focusing on trading risk systems deployments, risk infrastructure design, and building assurance and oversight processes.
Before becoming a consultant Robert 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 has been working on the development and roll-out of the next-generation WealthDefenderTM model and application for goal-based risk measurement and optimization of individual investment portfolios and financial plans.
Robert Scott Levine holds a PD in Information Systems from University of California, Berkeley, a Doctorate in Finance from SMC University, an MBA in Business Administration & Computer Methodology from Baruch College, City University of New York, and a BS in Economics from New York University.
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
Testimonials
Customers Who Bought This Also Bought
-
Copulas
$167.28 -
Economic Capital Modelling
$167.28 -
Integrating Market, Credit and Operational Risk
$167.28 -
Interest Rate Derivatives
$167.28
