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Collaboration, analytics & automation to improve product control

During RiskMinds International, the team at ActiveViam delved into product control processes and explores why it brings together data visualisation and collaboration to streamline operations.

ActiveViam is a powerful analytics and steering platform for risk management, used by financial institutions all over the world, such as HSBC, Société Générale, ING, Mizuho, Nomura, CACIB, Commerzbank, Erste, Nordea, SEB and many others.

Up until now, the product control process was fastidious, requiring dozens of hours of exploration for each book, and extensive email chains to validate them. ActiveViam streamlines and accelerates the whole process by bringing together data visualisation, limit monitoring and alerts, i.e. all that is required to work quickly and accurately.

You will see how the ActiveViam platform works for intraday risk management and intraday reporting, in a way that ensures that all users will have access to the latest data they need presented in the way that makes the most sense to them.

A collaborative work environment for all parties involved

In this demo, you will learn how risk controllers use ActiveViam to work with traders and managers to analyse and validate books or to send instructions and warnings.

You will see a daily P&L check and validation using a comprehensive list of risk indicators (e.g. sensitivities, VaR and Expected Shortfall) that ActiveViam calculates on-the-fly as well as how a compliance report is generated.

These tasks, that every controller performs very often, can now be performed more efficiently and accurately than before.

All the relevant data on one responsive analytics platform

One of the unique selling points of the ActiveViam platform is that you can drill down and drill through all the way to the trade level, and have it displayed instantly.

As a trader the dashboard has a different configuration as traders typically do not need to access the same data in the same way as controllers do.

Automatic alerts and notifications

Later in the demo, you will see a third dashboard, which presents the manager’s view. This contains a map to show the evolution of the P&L and some risk measures per country, as well as a module that will display alerts in real time if there are major exceptions or limit breaches. A custom view allows users to analyse a book in just a few seconds, as well as perform the final approval required.

Generate regulatory reports on the fly, including for FRTB

Backtesting is also performed entirely in the ActiveViam platform with another dedicated dashboard, which shows the evolution of the VaR and the P&L for each desk. It is even possible to change the confidence level and time scale, and everything is recomputed on the fly. After that, one just needs to generate PDFs which are ready to be sent out internally and externally, e.g. to the regulator.

Product control is just one example that demonstrates the efficiency and the flexibility of the ActiveViam platform. The tool is customised to fit each client's unique business case(s) such as Liquidity Risk, Credit Risk, Market Risk or Collateral Optimisation. The common trend among ActiveViam’s implementations is that they enable users to make better decisions faster, and always based on the most up-to-date and comprehensive data.

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