Our Expertise
Guiding the Way to Solutions.
Risk Management
In a rapidly changing world, banks and other financial services companies must develop and maintain current, forward-looking risk management systems, buttressed by the analytics needed to support sound decision-making. Promontory’s seasoned professionals have unrivaled knowledge of current and emergent regulatory and supervisory perspectives, as well as industry best practices in risk analytics, risk governance and risk reporting. We fully comprehend enterprise-wide risk management, carrying out top-to-bottom reviews and providing sophisticated recommendations for improvements to manage and control risk. We possess in-depth knowledge of all facets of risk management, including credit, interest rate, capital, liquidity, market, compliance, reputational, and other risks. We recognize that each client’s circumstances are unique, and our solutions are meticulously tailored to fit the situation. Promontory works with management and regulators to develop the comprehensive, customized and effective risk management systems, controls, and strategic analytics that help our clients deal with risks both known and unknown, and thus contribute to shareholder value.
Representative Engagements
A major government-sponsored enterprise needed to improve its enterprise-wide risk management program as part of its strategic growth initiative. Promontory assessed its current program and recommended improvements in risk management practices for major risks by reviewing the company’s risk governance framework and risk management practices. Our professionals brought the client up to industry best practices and assisted in revising its asset liability management policy.
A major U.S. financial institution reached out to Promontory after identifying deficits in its compliance risk management program that had prompted enforcement actions from both the Federal Reserve Board and the Office of the Comptroller of the Currency. Promontory reviewed compliance operations in the corporate center and several business units, compliance testing by the internal audit function, and compliance oversight by the responsible committee of the board of directors. Our reports provided the foundation for a broad program of corrective action including changes in personnel, processes, and controls. The institution now has a well-rated compliance program and is no longer under enforcement actions.
A global commercial banking institution based in the Asia-Pacific region tapped Promontory to conduct a forensic review to identify the cause of a multi-billion dollar loss, and to assess the institution’s risk management function. The institution adopted our recommendations, restructured its risk management function, strengthened board oversight, sold a major subsidiary, regained its competitive footing, and restored itself to the good graces of its previously highly critical regulator.
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Risk Management Training