Risk management in financial institutions has been becoming increasingly sophisticated as the new Basel Capital Accord required to significantly upgrade the earlier existed risk identification, measurement and management systems. This has caused financial institutions to align their strategies and business processes with their risk appetite, and the regulatory environment. Our team has spent considerable time tackling these issues in large international banking groups.

Risk management is needed in all companies, regardless of their size. However, ensuring proper risk management practices becomes especially challenging, if decision-making is delegated to a wider group of employees. There is a number of measures ranging from adequate instructions and control to system automation, that you can employ in such cases to ensure that accountability and transparency do not suffer.

Another requirement for a correctly setup risk management comes from the need to ensure that the risks that your organisation is taking do not cumulatively exceed the risk level assumed by the management and the owners. AISTAT can help you to understand the risks you are taking and the measures you can take to strengthen your risk management.

Our main areas of specialisation:

• Basel II regulatory compliance and risk-weighted assets calculation,
• Credit risk management framework and construction of various rating systems,
• Building AML models targeted at indentifying suspicious transactions,
• Model risk management services (incl. validation and implementation issues).