DST Launches Risk Consulting Services for the Buy Side

DST Global Solutions’ Investment Management Solutions (IMS) business has launched a broad range of risk consulting services to address risk management challenges.

Edward Dumas, DST Global Solutions’ Head of Risk Solutions for North America, will be heading up the Risk Consulting Services team. “Due to recent market events, risk management is now one of the top priorities for boards and executives. Companies are beginning to invest in technology and infrastructure to better support the risk management function,” commented Dumas in the company’s release. Duman noted that the company has experienced this trend from requests by several investment management companies for its Askari risk management solution.

DST has expanded its risk solutions to include a comprehensive offering of risk consulting services aimed at helping companies to identify and manage their investment risks and exposures.

The DST Global Solutions IMS Risk Consulting Services offering reflects the company’s commitment to its Centre of Excellence for Risk Managemet. According to Jill Douglas, global head of risk, who is quoted in the release, the company is taking “a holistic approach in the consulting services offering, which is aimed at aligning investment strategies with risk appetite as well as developing integrated risk solutions that address enterprise-wide risk management.”

Some of the key risk consulting services offered, include:

• Development of risk management policies, procedures and management action triggers to align risk appetite, risk exposures and performance objectives.

• Writing and distribution of policies and procedures to establish and govern a comprehensive model validation program

• Creation of methodologies for risk measurement, including market risk, liquidity risk, credit risk, counterparty contingent credit exposure, collateral management, risk-adjusted business unit performance measurement and product valuation

• Technical guidance to achieve coherent and consistent aggregation of risk measurement results across multiple risk management systems and product

• Conducting of stress tests and scenario analyses, including macroeconomic scenarios, market-specific events and identification of key exposures and conditions under which risk measurement assumptions may o longer be valid • Comprehensive technical and non-technical training covering risk governance, risk metrics, products, pricing and valuation.

According to DST, the risk consulting practice is staffed with professionals who have experience as risk management practitioners. They are experienced in the practices of financial services regulatory agencies and have extensive experience in risk solution implementations and can make recommendations with regard to time, resource and budgetary constraints.

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