Tipping Points for Legacy Risk System Replacement: The CRO View

Risk management is a critical function but it is not revenue-generating and therefore technology investment has sometimes taken a back seat to front-office innovation There are many drivers in the current market for firms to invest in new risk technology platforms—regulatory and market structure changes, business expansion, or client transparency requests, to name a few—but firms often delay pulling the trigger. Unpicking legacy platforms is never a simple process, especially if years of technology workarounds have been built on top of the platform. This webinar presented lessons learned by CROs and their teams engaged in risk technology transformation programs.

On November 8th, Virginie O’Shea, Research Director at Aite Group, discussed the challenges faced by risk management executives in the capital markets when they are attempting to replace their risk technology architectures. She highlighted lessons learned during this process and pitfalls to avoid, including those related to technical, operational, and cultural factors.

MS. O'Shea covered the following topics:

  • Legacy Architecture
    • Silos
    • Key Person Risk
  • Pain Points
    • Latency
    • Internal Build Maintenance
  • Building A Business Case
    • Hurdles to Anticipate
    • Finding the Right Sponsors
    • Quick Wins and Words of Wisdom
  • Key Takeaways

Attendance is complimentary, Registration is required. Space is limited, reserve your seat today!

Featured Speaker:

Virginie O'Shea, AiteVirginie O'Shea, Research Director, Aite Group
Ms. O’Shea is a research director with Aite Group, heading up the Institutional Securities & Investments practice and covering data management, collateral management, legal entity onboarding, and post-trade technology. She brings to the firm more than 13 years of experience in tracking financial technology developments in the capital markets sector, with a particular focus on regulatory developments and standards. Ms. O’Shea has spoken at industry conferences including Sibos, TradeTech, FISD events, and ISIPS, and is actively engaged in a number of post-trade industry standards groups.

JamesJockleModerator: James 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.

 

Learn More About the Research Undepinning this Webinar Presentation Here

Register for the On-Demand Webinar

Select Form: 

Form #1: On-Demand Webinar

Keep me informed of future webinars from Numerix:

Sign me up to receive "Derivative Insights & Innovations" monthly newsletter by Numerix:

* Required fields
press release - Dec 4, 2017

Best Analytics Platform for Structured Products Technology in Europe

news - article pdf - Dec 4, 2017

Structured Products Europe Awards 2017 | Pricing and Analytics Platform of the Year

conference presentation

Update on SIMM and Margining

newsletter issue - Dec 7, 2017

Derivative Insights & Innovations - December 2017 Issue

conference presentation

Fixed Income Trading Technology

on-demand webinar

The End of LIBOR: Implications and Preparing for 2021

press release - Oct 19, 2017

Waters Buy-Side Technology Awards 2017

journal issue

Numerix Journal Vol. 4, No. 2

press release - Oct 19, 2017

Numerix Hedge Fund Solution Honored by HFM Week

press release - Sep 27, 2017

SRP Nordics Award Win

live webinar

The End of LIBOR: Implications and Preparing for 2021

product collateral

Numerix Oneview Graph Framework Fact Sheet