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.

 

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