Source: RiskMetrics Group
RiskMetrics Group, a leading provider of risk management and corporate governance services to the global financial community, today launched the next generation of RiskManager, its flagship market risk application.
RiskManager provides a secure web-based interface to the entire suite of RiskMetrics' analytics, risk reporting, market data, and security master data to offer a fully integrated risk solution to institutions.
The enhanced application allows users to run ad-hoc analyses on-demand, design stress scenarios, perform what-if analyses to rebalance portfolios, produce custom reports and automate overnight batch processing.
Given the volatile market environment, financial institutions require the ability to model all positions across every portfolio in a single platform. RiskManager's full suite of risk analytics enables risk managers to control key modeling assumptions used to calculate portfolio risk across asset classes, which is crucial in a turbulent market.
Understanding how new trades can impact a portfolio's risk profile is critical to the front office today. Similarly, risk managers and portfolio managers need to identify how stress scenarios can impact portfolios. Risk managers can enter new positions and perform ad-hoc what-if and scenario analyses leveraging RiskManager. In addition, the application is completely transparent in its modeling and risk calculations, empowering clients to better understand modeling assumptions.
"Communication across key stakeholders becomes increasingly important in periods of market stress," said Jorge Mina, Co-Head of RiskMetrics Group's Risk Business. "As such, risk managers, portfolio managers, investors and regulators need access to timely risk information, backed by a flexible and robust reporting infrastructure. RiskManager's custom reporting capabilities offer risk managers accurate and clear measures of risk on demand, which in turn they can share with stakeholders."
RiskManager is powered by RiskServer, a web-based risk engine designed to be integrated into an existing risk management, trade-capture, or straight- through processing system.