The financial sector serves as a critical intermediary for capital allocation and professional risk management, playing a crucial role in the overall well-being of society. A safe and sound financial system is fundamental to the development and prosperity of both individuals and corporations. However, excessive risk-taking or the failure to manage unforeseen risks can undermine the credibility of the financial sector.
The shortcomings observed in the pre-crisis regulatory framework have led to a shift in focus from traditional risk management to enhancing resilience. Financial institutions are expected to identify, assess, and manage all risks they are exposed to, necessitating a robust and comprehensive Risk Management Framework supported by a strong and healthy risk culture. Effective Risk and Resilience Management is a core component of the financial sector and essential for maintaining a sound and reliable financial system.
NFR Risk & Resilience Management
Our Risk & Resilience experts bring extensive experience from both the financial sector and supervisory roles, ensuring a thorough and efficient approach tailored to our clients’ needs. We provide comprehensive services across all risk types, including Credit, Market, and Operational risk. Our expertise in quantitative risk management includes the development and validation of capital models (IRB), Expected Credit Loss (ECL) models (IFRS 9), and quantitative modelling for areas such as Anti-Money Laundering, ESG, and Operational risk. We also specialize in capital adequacy, regulatory reporting, and recovery and resolution planning. To support our clients during periods of high workload or staff vacancies, we offer interim experts such as CROs, Risk Managers, and Quantitative Analysts. Additionally, we provide outsourcing solutions for entire Risk Management functions or specific risk control activities. Our team has successfully assisted several Nordic banks with business-focused services, including pricing models and capital efficiency strategies.
Some of our Risk & Resilience Management services:
- Risk model development
- Model validation
- Profitability models
- IFRS9 modelling
- Credit-, Market, Operational Risk Management
- Interim Risk Officer/Outsourcing
- GAP and Maturity assessment
- ICAAP/ILAAP
- Capital Adequacy
