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Risk Management

Automating governance, risk & compliance workflows

Risk management in the increasingly regulated world of capital markets is facing enormous change. Financial services firms have accepted the need to mitigate risk and are turning their attention towards strengthening their operating models and cultures to weave risk management controls into the fabric of their organisations.
GreySpark has the experience and expertise to establish and deliver new operating models that deliver confidence across entire businesses, regardless of the regulatory jurisdiction. Combining our strong procedural foundation, proven governance framework and Risk Management Development Kit, we provide clients with a scalable ability to manage risk and the implementation of controls under continuous supervision.

Our Value

Banks have been very successful in their responses to regulatory mandates establishing adequate levels of controls. However, approaches to risk and controls management remain inconsistent. Maturing this area will be of great benefit to the reputation and standing of banks.

GreySpark leverages expertise across electronic trading, regulatory change and trade surveillance to deliver strategic solutions tailored to meet your business requirements. We implement a vertically-integrated approach to risk management processes and controls and embed it into the fabric of the organisation, thereby delivering new cultural awareness across the entire bank.

We recognise that each problem is unique and that it is not possible or healthy to apply a one-size-fits-all technological solution. The GreySpark mission is to best utilise our expertise and cross-disciplinary teams to thoroughly understand our client needs, provide industry-leading, actionable advice and deliver innovative, bespoke solutions.

Interested in GreySpark's Risk Management Services?

We implement a vertically-integrated approach to risk management processes and controls and embed it into the fabric of the organisation, thereby delivering new cultural awareness across the entire bank.

Risk Management Service Offering

Electronic Trading Compliance and Risk Management

Level 1: Policy and Process Driven Due Diligence

  • Establish oversight committee charter
  • Form oversight committee members with authority to enforce the charter
  • Developed governance documentation framework and policies
  • Initiate the control inventory discovery process

Level 2: Business Processes and Workflow Automation

  • Define and agree a business process model for automated workflow
  • Integration of a sophisticated Governance, Risk & Compliance workflow tool
  • Tightly integrate the test control attestation to form an end to end process
  • Support a fully automated workflow for controls change management
  • Provide flexibility to support advancements in Electronic Trading systems and changing regulatory landscape

Level 3: Return on Investment

  • Real-time dashboards for calculating Cost of Risk Mitigation
  • Quantitative analysis of controls, Revenue vs Risk Mitigation Costs
  • Support strategic business management of assets and growth opportunities
  • Ability to identify efficiencies through focus on PnL measures of controls

Delivery

00

Traditional Approach to Controls Risk Mitigation

01

Policy and Process Driven Due Diligence

  • Controls Inventory
  • Best Practice
  • Governance

02

Business Processes and Workflow Automation

  • Risk Mgmt. Automation
  • Supervision
  • ‘Digital’ Compliance

03

Return on Investment

  • Cost & Efficiency Optimisation

Media

  • Best Practices in Pre-Trade Risk Controls 2016

BlogRisk ManagementSellside Trends
25 May, 2017

Pre-trade Risk Controls

This article was originally published by Best Execution magazine As automated trading emerged, the term ‘Flash Crash’ entered the industry vocabulary. Now, when creating algorithms or providing High Frequency Trading…
Press ReleasesRisk Management
12 Dec, 2016

Regulations are Driving Risk Management Systems to Become More Sophisticated and Integrated into Business, IT and Operational Processes

A new report from GreySpark Partners, a leading global capital markets consulting firm, assesses seven technology vendor solutions that address market risk, credit risk, liquidity risk and counterparty risk in…

Careers at GreySpark

We want our professionals to be proud of being a part of an international, fast-pace, growing organisation with great prospects.

Case Studies

30 Aug, 2017 in Case Studies, Risk Management

Pre-Trade Risk Controls Review

In response to the Knight Capital loss and the HKSFC consultation on electronic trading, this leading Australasian investment bank approached GreySpark to assist in an independent review of the current…
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30 Aug, 2017 in Case Studies, Risk Management

Audit and Compliance – Electronic Markets

In response to a historical incident that resulted in a financial loss for the bank, Electronic Markets has decided to take a pro-active approach to a number of other (historical)…
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30 Aug, 2017 in Case Studies, Regulatory Compliance, Risk Management

Algorithm Risk Control Management and Reporting – Integration with Model Risk Management Process

For regulatory purposes, the client’s electronic FX and Fixed Income businesses have identified a need to document and evidence their catalogue of eTrading algorithms, detailing and evidencing a series of…
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30 Aug, 2017 in Case Studies, Risk Management

Algorithm Risk Management (ARM) Governance Policies, Standards, and ATP Validation Infrastructure

Under the obligation set out by the OCC and CFTC the client required assistance in developing the foundation elements for a Algorithm Risk Management (ARM) framework.
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30 Aug, 2017 in Case Studies, Risk Management

Electronic Trading Risk Control Analysis and Oversight Governance Council Framework

Under the obligation set out by the OCC and CFTC the client required assistance for full self-disclosure in the form of documented due-diligence of their Automated Trading Programs (ATP) across…
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12 Mar, 2015 in Case Studies, Project Delivery, Risk Management

Electronic Execution Systems – Risk Controls Assessment

Following a preliminary Pre-Trade Risk review done by GreySpark, this leading Australasian investment bank required GreySpark to perform the actual assessment for its entirety of Electronic Execution Systems (EES).
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