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We are a full service risk and strategy firm, but we have certain areas that we provide unique and differentiated services
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Our team has unique expertise in developing risk frameworks from the ground up – from identifying all risks in processes to developing sophisticated models to measure these risks
This is a sample of what we do |
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Risk Mapping
Identifying risks in the processes in your firm is the starting point of the framework. In order to be able to do this mapping one need to understand in depth the products and the processes a financial institution has. In this work the processes are combed in details so the risks can be clearly identified. This is a very intensive process in which thousands of risk situations will be spotted in your firm’s processes. |
Risk and Controls Assessment
Every risk identified during the mapping phase has to be assessed. Each risk would have different impacts and importance in an organization. Some risks would manifest every day (high frequency) but with low financial impact and some would be rare (low frequency) but with high financial impact when they manifest. It is expected that every risk need to have controls that need to be preventative, i.e., help the firm to avoid these events when they manifest. Yacamy has expertise to develop strong controls that will help you to monitor and manage these risks. |
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Develop Proper Policies & Procedures
In order to have an effective risk governance a firm need to have proper policies and procedures in place. This is not a small or simple job. Every single process and control need to be described in a procedure and a firm is expected to have a policy for most risks and situations that it might face. This is very important for regulatory reasons. Regulators usually start their exams by sifting through your processes’ documentation and on your policies to deal with risks arising from these processes. Having poorly documented processes are a bad way to start an exam. Yacamy can help you to develop a very effective and regulatory compliant policies and procedures framework. |
Develop or Revamp Your Risk Governance
How risk decisions are taken within your organization matters for external stakeholders like rating agencies, regulators and shareholders. Having a clear risk appetite statement establishing how much risk can be taken by the different businesses within an organization as well as risk types and what kind of oversight management has over these risk taking decisions is very important and scrutinized by regulatory agencies. Yacamy can help you develop or revamp your current risk governance to assure that your risk committees are well structured, designed and with the right level of oversight and discussions. |
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Develop or Enhance Your Risk Models
It is hard to manage a risk that one cannot quantify; therefore, having models to assess how large is risk is something essential in risk management. We have a team of PhDs with large experience in modeling and measuring all risk types and can either assess your risk models or develop state-of-the-art models that will be compliant and approved by regulatory agencies for you. |
Compliance Testing/Assurance
The financial industry is highly regulated by a number of federal and state agencies. Yacamy can help you to test how compliant your firm is to a number of regulations and to develop a plan to bring your businesses back to compliance when needed. We are cost efficient as we have offshore teams working with us. |
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GRC Program Framework
Managing Governance, Risk, and Compliance is about more than implementing software systems and checking the box. Software is an integral aspect to any streamlined and efficient GRC program. Our team of experts have experience dealing with best-in class systems and managing the implementations and frameworks to make those systems and programs successful. We can help with multiple aspects of your GRC program from mapping existing taxonomies to the structure and framework of system libraries; rationalizing risk assessment data across the firm; aggregating appropriate metrics to risk appetite; and producing the necessary board reporting. Additionally we help with the governance aspects of your systems and can provide guidance to keep your program running smoothly and efficiently. |
We cover all the risk management spectrum but, in particular,
we are the #1 expert in operational risk
we are the #1 expert in operational risk
Yacamy Advisors can help you with OR modeling, measuring and management
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Our team has a reputation for being the best in the industry. We can help you from risk mapping and Risk Control Self-Assessment (RCSA) to data collection (losses, KRIs), scenario analysis development. We have unique expertise in structuring innovative hedging options for operational risk, such as bonds and derivatives. We work with the capital markets and insurance companies to get these instruments structured for you.
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