July 13, 2022 | London, England
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Wednesday, July 13 • 1:55pm - 2:25pm
An Open Source Architecture for Modernizing Market Risk Management - Aric Rosenbaum & Marius Bogoevici, Red Hat

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In today’s environment, financial institutions face challenges that include: * New and more complex calculations due to regulatory demands (i.e., FRTB) and climate risk * Explosive data growth and the need to move and analyze this data * Limited on-premise compute capacity * Need to improve time to value by accelerating model deployment to production To help solve these challenges, Marius Bogoevici and Aric Rosenbaum have worked with industry experts and market leaders to design a forward-thinking, open source solution to better address current challenges and prepare for future needs. Based on real-world use cases, we will show how an open source market and credit risk calculation architectural framework: * Scales risk management by leveraging the hybrid cloud to perform new and more complex calculations in less time at a lower TCO * Accelerates development and deployment of risk models via modern DevSecOps practices * Responds in real-time to market / alternate data via an event driven architecture * Improves risk management by orchestrating and automating the many pre/post-calculation steps * Improves auditability and transparency with flexible rules-based decisioning

avatar for Aric Rosenbaum

Aric Rosenbaum

Chief Technologist, Global FSI, Red Hat
Aric serves as the Chief Technologist on Red Hat's Global FSI team, where he helps clients meet their strategic priorities through the use of open source technology. Prior to joining Red Hat, he led large, digital transformation projects at Goldman Sachs’ Investment Management Division... Read More →
avatar for Marius Bogoevici

Marius Bogoevici

Chief Solutions Architect, Financial Services, Red Hat
Marius is a Chief Solutions Architect in the Financial Services team at Red Hat, where he acts as trusted advisor on industry trends, technology strategy, and best practices to more than 30 Fortune 500 banks in the US and Canada. Using his expertise in modern application development... Read More →

Wednesday July 13, 2022 1:55pm - 2:25pm BST
Enterprise 1
  Data / Risk / Models
  • Session Slides Attached Yes