Risk Management at the Confluence of Strategic & Compliance Imperatives – A Global View

Speaker: Venkat Mullur; Director of Product Marketing and Financial Services, Insightful Corporation

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Risk management is at the confluence of both regulatory and business imperatives. There exists today a perfect storm of regulatory recommendations that all tend to align minimum required capital levels to true economic risk from exposures. On the other hand, due to increased focus on enterprise risk management, banks and insurance companies are interested in arriving at portfolio loss distributions at a group level. The need for statistical models to quantify the effects of correlations, default risk, loss modeling, and other applications, has never been greater. Aggregating the underlying loss profiles and re-allocating the resulting risk capital back to the real sources of risk is of paramount importance if firms want to take a risk-based view of their asset base.

This presentation will examine the nature of the regulatory requirements, discuss adoption in various geographies, and finally, discuss Insightful Corporation’s enterprise risk aggregation solution and its applications to a broad variety of compliance and business projects.

Mr. Mullur has parleyed a deep knowledge of finance and risk management into a highly successful career in financial services consulting, banking, and product management. As a consultant with IBM (Global Business Services), he worked with some of the world’s largest banks, spanning seven countries. He has been an adviser to banks on issues surrounding Basel II, credit risk management, and the confluence of credit and market risk in the trading book. The combination of quantitative and packaged solutions knowledge he possesses has helped him gain pre-eminence at large financial services clients, and has helped him emerge as one of the top risk management professionals in the consulting world.

Mr. Mullur has contributed to significant intellectual capital growth at IBM, and has delivered internal training sessions, in the US and Hong Kong. He covered topics like Basel II, data challenges in credit risk management, and credit risk modeling techniques. He has lead consulting projects and advisory work top banks in the United States, Canada, Brazil, Hong Kong, and Thailand. He addressed general regulatory and compliance, credit risk management, and Basel II-related challenges. Mr. Mullur has an MBA (finance) from Northwestern’s Kellogg School of Management (MBA). He is currently attending law school, pursuing a JD degree, at Concord University in California.

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