Process optimization in the risk area
The Challenge
The entity’s risk area is divided into three departments: Risk Analysis and Control, Market Risk, Balance Sheet and Liquidity, and Pricing and Methodological Control. The entity has approached us with the need to update, optimize, and automate all of its internal control processes.
The Strategy
The ARENA Financial Tech team designs and creates a series of functionalities such as:
- Depository, Depository VaR, Theoretical Futures and Effectiveness Test.
- Query and Report Generator. Administration.
- ALM, Market Risk and Reconciliation. Worked in Java, Angular, Vue.js environments. REST communication. Online + Batch. Relational databases.
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The Results
The creation and implementation of these features achieved the following: Minimized operational risk: everything centralized in a web application. Centralized and unified data: central repository that improves data quality. Automated processes: reduced time to gain space for analysis and the inclusion of new tasks. Reduced costs: elimination of unnecessary steps and manual work, duplication of information sources, etc.
Project FAQs
What is the objective of this risk management optimization project?
The project aims to update, optimize, and automate the internal control processes of the risk management division, which includes various departments such as Market Risk, ALM, and Pricing.
What features have been developed for the solution?
Features such as the Depository, Depository VaR, Theoretical Futures, Backtesting, and a query and report generator have been designed, in addition to modules for administration, ALM, market risk, and reconciliation.
What impact has the implementation of these improvements had?
The solution has made it possible to centralize processes in a web application, improve data quality, automate tasks, reduce processing times, and lower costs associated with manual processes and duplication of effort.
