Enterprise Risk Management Customers
MARKET RISK MANAGEMENT
Risk management is at the heart of modern banks' business operations. Financial institutions are looking for new tools to improve transparency and to help them manage their exposure to market risk more effectively. In the wake of the financial crisis, market risk solutions need to address the following challenge:
Key Challenges in Market Risk Management
360 view over market risk
It's no longer acceptable for financial institutions to be exposed to unknown sources of market risk.
Transparency
There is a renewed focus on increasing transparency across the business. Systems must be flexible enough to allow each level of the organization to operate independently and manage their own risk. At the same time senior management need to be able to make decisions at an enterprise level to ensure that potential losses are avoided.
Getting the Right Figures at the Right Time
Flexible reporting is needed across all aspects of a bank's operations. Risk managers need drill-down capabilities which allow them to operate at a granular level and provide instant evaluation on the impact of new trades.
Scalability and Openness
With an expanding focus on reporting and the subsequent increase in the volumes of complex stress tests and reports, banks current risk systems are struggling to keep up with the demands that are being placed on them. At the same time, as volumes are increasing pressure is also on risk managers to keep up with new instruments and continuous product innovation.
Kondor Global Risk (KGR): Key benefits for market risk management
Intuitive and dynamic risk dashboards
Kondor Global Risk includes a dynamic risk dashboard that provides a powerful way to visualize information and understand its meaning quickly. Sitting behind the dashboard is an advanced data aggregation engine that can take inputs from disparate data sources and dynamically aggregate the information, to deliver lightning fast slice-and-dice and drill-down performance. Key characteristics include:
- Usability - display the required information in one click
- Understanding - instantaneously access an explanation of each value
- Reporting - process billions of data points, to report risk figures in a second
Focus more time analyzing the data and proactively supporting the business
With KGR, risk managers can update and correct data and then re-run any individual elements of the analysis that need correcting. The corrected result automatically rolls up into the overall risk report. This ensures that risk managers can spend more time analyzing the data, monitoring trading activity, and proactively investigating the real drivers of risk
Sophisticated and flexible stress testing
KGR includes a sophisticated and highly flexible stress testing engine that allows risk managers to model exposures to different historical, event driven and client specific scenarios over any time period.
Powerful data aggregation and analysis engines
The aggregation and analysis engines at the heart of Kondor Global Risk offer risk managers an unrivalled level of power and flexibility to build and run the most complex scenarios. Users can update data and then re-run only the relevant parts of an analysis which automatically rolls up into the revised overall result. The power of the engines comes from the unique way Kondor Global Risk retrieves, stores and aggregates data.
Benefit from our global knowledge of best practice in Emerging Markets
KGR is designed to meet the most sophisticated and complex of customer and local market demands.
Our in-house team of 360 certified professionals has worked with market leading banks in all areas of the globe. Our industry experts are based in 48 countries, including India, China, Africa, and the Middle East, allowing customers to take advantage of our knowledge of best practice in both developed and emerging markets
