Instrumented Interconnecteds Intelligent

Mina Wallace, Worldwide Vice President, Risk Analytics, IBM

Mina Wallace, Worldwide Vice President, Risk Analytics, IBM

By Mina Wallace

You’ve seen the headlines. There are many stories in the media detailing how risk management failures can be hugely damaging – both in terms of direct losses and company reputation. Increasingly, the root causes of such losses are multi-dimensional. In fact, our research shows that 42 percent of the top losses since 2007 have been boundry events involving credit risk, market risk and operational risk.[1]

While some companies have been able to meet their risk and compliance challenges head on, many in financial services today are still struggling to move beyond traditional approaches and legacy systems to keep up with changing requirements. These clients are challenged to operate and perform sustainably in an environment that is increasingly complex, regulated and competitive yet still expected to generate a healthy bottom line.

This week at IBM’s ClientCenter in New York, we’ll demonstrate how Financial institutions today can build trust across organizational silos with a Smarter Risk approach, which brings together an interconnected view of risk across the enterprise.

The Evolving Role of Risk Forum co-hosted by IBM, Risk magazine  and Risk.net will feature leading risk executives, thought leaders and customers discussing the advantages and challenges of applying a smarter, holistic approach to risk. Executive presenters include Sanjay Sharma, CRO at RBC Capital Markets; Gideon Pell, Chief Risk Officer at New York Life; Gus Felix, Global Head of Operational Risk Management at Citigroup; and Peyman Mestchian, Managing Partner at Chartis Research.

IBM’s Smarter Risk approach enables customers to build trust across organizational silos – trust in the organization’s ability to govern its data, to understand exposures before they become disruptive, and to equip decision makers to act with confidence and make risk-aware decisions. In doing so, firms can begin to strive towards driving business value and competitive advantage through risk.

Smarter Risk is the latest advancement of our industry-leading risk and analytics portfolio. Our stats are pretty impressive. We’ve invested more than $24 billion in analytics, hold 6,000 risk and security patents, and employ more than 1,500 dedicated risk professionals.

IBM is excited to be leading the charge in this space, and attendees at The Evolving Role of Risk Forum will see first-hand how IBM continues to invest in key technological advancements that will address the evolving risk needs faced by our clients.


[1] IBM Algo FIRST database

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