The Fundamental Review of the Trading Book (FRTB) has exposed an array of breakpoints in legacy approaches to technology architecture within banking. The most onerous of which is the need to reconcile the front and middle office. This new mandate, together with other parallel compelling initiatives, has pushed banks to fundamentally re-evaluate the ecosystem of legacy software and analytics in their arsenal, and explore new and more powerful hybrid technologies and methodological approaches that are open-ended, agile, transparent and correlate costs with benefits to gain a competitive edge in a constantly adapting future.
On December 13th, 2016 guest speakers Sidhartha Dash of Chartis Research and Satyam Kancharla of Numerix reviewed the challenges FRTB presents to legacy banking technology, then discussed the burgeoning approaches to banking infrastructure that can help firms comply with the demands of today and adapt to the challenges of the future.
DASH AND KANCHARLA ADDRESSED:
Sidhartha Dash, Research Director, Chartis Research
Sidhartha is a Research Director at Chartis with over 20 years of experience in the financial, energy, and commodities markets in various functions across the trade life-cycle (risk management, trading, and product structuring) and software development life-cycle (risk, analytics, and trading). Sidhartha has held various roles in product development, trading, risk management, software development, and consulting in banks, hedge funds, and risk advisory and software firms, including Standard Chartered Bank, TCG Group, HCL, and Cognizant. His specific areas of interest and research include risk data, model risk management, quantitative models in illiquid markets, high performance analytics, energy and commodity trading risk, market structure design, new computational models, and the use of innovative mathematical methods in various emerging areas of risk management.
Sidhartha holds an MBA from the Indian Institute of Management and is a qualified Chartered Alternative Investment Analyst CAIA, Financial Risk Manager (FRM) and Energy Risk Professional (ERP) member of GARP.
Satyam Kancharla, Chief Strategy Officer & Senior Vice President, Client Solutions Group, Numerix
Mr. Kancharla, as Chief Strategy Officer and Senior Vice President, is responsible for corporate strategy and currently heads the Client Solutions Group at Numerix. This group is responsible for Product Management, Financial Engineering and Business Analysis. Prior to this, he has served in various roles in Quantitative Software Development, Financial Engineering and Client Services at Numerix. Before transferring to Numerix in New York City, he was the CTO for Numerix Japan LLC in Tokyo, heading the Pre-Sales and Financial Engineering teams for Asia. Prior to joining Numerix in 2003, Mr. Kancharla also worked with Merrill Lynch and GE Capital in Quantitative Finance and Product Development roles.
He holds an MBA degree from New York University’s Stern School of Business, an MSc degree in Applied Statistics and Informatics from Indian Institute of Technology, Bombay and a BSc in Mathematics and Computers from the University of Mumbai.
Moderator: Jim Jockle, Chief Marketing Officer, Numerix
Mr. Jockle leads the company's global marketing efforts, spanning a diverse set of solutions and audiences. He oversees integrated marketing communications to customers in the largest global financial markets and to the Numerix partner network through the company's branding, electronic marketing, research, events, public relations, advertising and relationship marketing.
Prior to joining Numerix, he served as Managing Director of Global Marketing and Communications for Fitch Ratings. During his tenure at Fitch, Mr. Jockle built the firm’s public relations program, oversaw investor relations and led marketing and communications plans for several acquisitions. He also oversaw the brand development of a new company dedicated to the enhancement of credit derivative and structured-credit ratings, products and services. Prior to Fitch, Mr. Jockle was a member of the communications team at Moody's Investors Service.