Every financial firm today is operating under heavy scrutiny. Risk Management Groups need to harness the technology available today to better hedge and mitigate existing risks. The failure of financial firms today in effectively monitoring and controlling risk can no longer be an acceptable cost of doing business. The responsibility of compliance is to ensure adherence to regulatory law, the responsibility of Risk Management is to take care in further reviewing, restricting, and controlling investments that could create adverse effects to the portfolio and put the firm and its clients at financial, operational and credit risk. Too often Risk Management groups are left to perform these important functions with limited budgets, personnell and technology tools.
H. Boisch Solutions is dedicated to addressing these concerns and providing software applications that specifically target risk management dilemmas. Credit Risk groups are increasingly pressured to ensure that counterparty risk measures are in effect. With broker-dealers and issuers of debt like MF Global still going to bankruptcy virtually overnight, the simple act of ensuring approved counterparites requires constant due diligence at time of approval and each time a financial statement or focus report is made available. Operational Risk groups require significant monitoring of firms internal controls for adherence to Sarbones Oxley and avoidance of risks associated with rogue trading and inaccurate financial statement reporting. Senior risk and executive officers need transparant risk metrics and systems to outline problem areas within the firm's portfolios on both individual and aggregate corporate wide levels. Our solutions allow for aggregation of complex financial securities across multiple business lines against mathematical risk formulas to provide transparancy for senior management and the tools and reporting needed to address concerns with the business lines requiring attention.
Credit Risk Groups are tasked with addressing counterparty risk concerns in severe financial & economic climates. The possibility of brokers going bankrupt with unsettled trades on the books is a risk that has only increased in modern times. Our credit risk solutions provide your Credit Risk department with the tools needed to mitigate and gain a leading control over this risk. Foster a culture of constant oversight of approved counterparties and issuers with our advanced technologies.
The ability to aggregate risk across multiple complex financial instruments and business lines is a must in today's evolving markets. Senior Management is increasingly being held accountable for gaps in overall risk programs. Risk and Senior Executive officers require tansparant technology outlining key risk indicators in business unit lines. With this technology it becomes possible for management to effectively voice concerns over previously misunderstood financial instruments armed with realt time risk metrics.
We have never been faced with a time where internal controls have become more important than today. A breakdown of controls continues to manifest itself in the United States and abroad in the form of rogue traders with access to back office and front office knowledge and systems. Operational Risk groups are faced with overseeing controls across wide areas with limited resources. Our certification management tools can lighten the load by enforcing a culture of auditable and manageable task through automated custom certification management.