Changes in technology and in credit, operational and market risk environments over the past few years have resulted in an evolution
of risk management tools, techniques and processes. The resultant challenges have been magnified by the impending introduction of
the requirements of the new Basel Capital Accord.
PwC’s Financial Risk Services team is uniquely positioned to offer comprehensive solutions previously unavailable to the South African market.
Our focus:
- Market risk, credit risk and operational risk measurement and management.
- Asset/liability management.
- Specification, selection and implementation of financial risk management and treasury systems.
- The provision of Basel II Capital Accord diagnostic and implementation services.
- Accounting and valuation of financial and derivative products.
Our Solution Sets and Service offerings;
- Risk Management Framework/ Strategy
- Development of financial risk frameworks and strategies
- Integration of market, credit and operational risk frameworks
- Alignment of Risk Management with Business Risks
- Portfolio Risk Methodology & Performance measurement
- Review, design and implementation of VaR, stress/scenario testing, back-testing, including implementation of economic capital, RAROC capital allocation methodologies
- Development and implementation of risk-adjusted performance measurement methodologies for market, credit and operational risks
- Financial Risk Management Policies & Processes
- Design of group-wide or specific risk policies / principles
- Credit, operational and market risk benchmarking
- Design, review and enhancement of controls over any financial processes
- Valuation and Risk Quantification
- Review and development of tools to quantify and analyse risks on individual products
- Independent valuations and review of pricing algorithms and inputs
- Verification of derivatives valuation models and review of underlying methodologies
- Treasury & Risk Systems
- Selection and implementation of trading and risk systems
- Review of IT infrastructure
