Modernizing Risk Management Technology: Has the Game Changed?
Numerix Webinar Featuring Coalition Greenwich & Banorte
Markets across all asset classes have been volatile and unpredictable in 2022, making market risk managers’ jobs more challenging than ever. With stubbornly high inflation, fast-rising interest rates, the war in Ukraine, supply chain challenges, a potential recession on the horizon, and geopolitical shifts in various jurisdictions, the world has become very complex indeed, and risks abound.
Nevertheless, sell-side risk managers need to do their best to manage the risks, and while the core principles of market risk management haven’t necessarily changed, the technologies and data available to them have improved dramatically over the last decade.
So, how are risk managers making sense of the complex and rapidly shifting world around them, and ensuring their institutions don’t get stung by unforeseen losses?
Join Numerix’s Chief Marketing Officer, James Jockle, as he moderates a discussion with Audrey Blater of Coalition Greenwich and Abraham Izquierdo of Banorte about how sell-side firms around the world are dealing with the current macroeconomic and geopolitical risks.
During the webinar, Audrey presented some of her recent research on this topic, and she and Abraham discussed:
- Importance of data in the new macroeconomic regime
- Dealing with unprecedented volatility in global markets
- Counterparty credit risk in a volatile macroeconomic regime
- Managing regulatory compliance while searching for new opportunities
- Key findings of Audrey’s research
Featured Speakers
Audrey Blater
Audrey Blater is a senior analyst in the Market Structure and Technology team at Coalition Greenwich. She has over 20 years of capital markets experience spanning trading, data analysis, regulation, policy, and industry research. Her areas of expertise include fixed income, foreign exchange, and derivatives trading, analytics, and market structure; risk management and regulatory practices and solutions; and advanced technology applications and trends in those areas.
Prior to joining Coalition Greenwich, Audrey spent time as the research director of Aite-Novarica Group’s capital markets team. Before her tenure at Aite-Novarica Group, she developed and led a global research team at the International Swaps and Derivatives Association (ISDA). Audrey has experience in enterprise risk solutions and practices, having served as an applied researcher at MSCI, Inc. She also spent several years on the buy side as a trader and analyst at AQR Capital Management.
Audrey has authored a variety of industry thought leadership papers, blogs and commentaries. She has spoken at numerous capital markets and technology events and has served as a derivatives expert during the development of the Markets in Financial Instruments Directive (MiFID II), as well as several other critical financial regulatory initiatives. Most recently, she has focused on Libor’s transition to alternative references rates.
Ms. Blater holds a master’s degree and PhD from Fordham University in international economics and banking.
Abraham M. Izquierdo
Abraham’s educational background comprises the GARP Financial Risk Manager certification, the Moody’s Commercial Credit certificate, a PLD program from Harvard Business School, but also, an MSc in risk, MSc in finance, and the financial management MBA from one of the most prestigious universities in Mexico, better known as ITAM. He is also a Cornell Johnson School of Business and Queens Smith School of Business MBA.
Currently, Abraham is the head of financial risk management at Grupo Financiero Banorte, where he has under authority the balance sheet oversight and modelling, including hedging strategies, policy compliance and interest rate risk management. In a similar fashion, he is in charge of the liquidity risk framework and the proper implementation of the Basel III directive. Abraham M Izquierdo is also responsible for Grupo Financiero Banorte’s capital management, allocation, optimization and surveillance (including CET1, CAR, Stress Testing and ICAAP). In the trading book sideline, he is the head for market and counterparty risks, including the valuation and implementation of financial products and derivatives. He has also been in charge of the XVAs framework and Derivatives Committee introduction at Banorte.
As of now, two relevant initiatives he is leading at Grupo Financiero Banorte are: the Basel IV and LIBOR/TIIE transition implementation.
Abraham is an active member of Banorte’s risk committee, north region credit committee, and assets and liabilities committee. He is also the secretary of Banorte’s derivatives committee and president of Banorte’s investment services committee.
He has particular interest and expertise in the following topics: asset and liability management, corporate finance, M&A, financial products and markets, credit portfolios and markets, derivatives and investments, capital management, allocation and optimization, balance sheet modelling, oversight and hedging, liquidity management and transfer pricing practices, market and counterparty risks, including XVAs.
As Chief Marketing Officer and Executive Vice President of Global Marketing & Corporate Communications, James leads the company’s global marketing and corporate communications efforts, spanning a diverse set of solutions and audiences. He oversees integrated marketing communications to clients 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.
Since joining Numerix in 2008, James has launched the organization’s award-winning thought leadership program, bringing to light challenges and insights from Numerix market experts. He also hosts the Numerix Video Blog, tackling the challenges pressing the derivatives markets—from regulatory issues to trading strategies.
Prior to joining Numerix, James served as Managing Director of Global Marketing and Communications for Fitch Ratings. During his tenure at Fitch, he built the firm’s public relations program, oversaw investor relations and led marketing and communications plans for several acquisitions. Prior to Fitch, James was a member of the communications team at Moody's Investors Service.
