Risk Management
At HCL, we have a rich experience of professionals across all facets of risk. We handle applications, which deal with credit, market, operational, liquidity, underwriting, actuarial and sovereign risk issues. This involves deep understanding of information management, feed management, simulation and valuation models and reporting for internal and regulatory requirements, such as Basel II, Solvency II, Sarbanes Oxley, AML, Patriot Act and country specific regulatory requirements.
HCL’s experience spans application development, enhancement and maintenance in the area of:
- Credit Risk
- Market Risk
- Liquidity Risk
- Fraud Management
- Credit Scoring models
- Simulation and Valuation models
- Compliance Solutions (Basel II, SOX, MiFID etc.)
HCL has an exclusive Risk Centre of Excellence (CoE) focused on delivering Risk Management Solutions to Banks and Financial Institutions across the globe. We provide end-to-end technology services in the risk landscape, including Feed integration, Modeling and Analytics, Risk data repository, Regulatory Reporting, System Integration and Technology Consulting. Led by our deep domain expertise we perform complex risk management processes like Risk modeling, Sensitivity Analysis, Stress testing, Exposure Calculations, Pricing and Valuation, VaR reporting and correlated risk assessment.
Technology Offerings
- Re-engineering of Market and Credit Risk Engines (to handle new derivatives)
- HCL’s Xek Data for Risk data integration and presentation
- Optimization of VaR Reporting Cycle
- Application Portfolio Optimization
- Scenario Generation, and Simulation
- Testing of risk models
- Basel II solution implementation
HCL experience in Risk Management
As a leading partner for SAP, HCL offers comprehensive services in the operational risk and fraud management space. It includes services in Access control, Segregation of Duties and setting business rules to avoid any possible setbacks due fraud or any other misconduct.
HCL leverages its position as an Integrated Services provider (Applications + Services + Infrastructure) to provide a one-stop solution for all needs of the customer.
HCL also hosts a Center of Excellence for High Performance Computing (HiPC) which help clients in setting up the infrastructure for the enhanced performance of applications hosted. The team leverages its partnerships with QuIC and GemStone Systems to provide solutions in risk analytics as well as fast and accurate pricing. The solutions support complex mathematical modeling used in contingent credit analysis, portfolio analytics and P&L attribution for derivatives, sensitivity analysis using finite difference and tree based methods. The risk libraries are integrated with MS-Excel tools.
Highlights
- Development of Risk Engines for a Fortune 50 Investment Bank
- Global implementation of Basel II Compliance solutions for a leading UK bank
- Development of automated Credit scoring engine for a large Indian Bank
- SOX Compliance solutions implemented for a Fortune 20 Insurance firm
Know more about HCL’s capabilities in Risk Management from the Risk Management Brochure.
