To learn more about our risk management services please click on the following:
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Institutions must understand their risk environment and assess their risk exposure to prosper in the ever changing regulatory and business environment. Prescio uses a comprehensive analytical solution set designed to identify risk interdependence and facilitate implementation of risk strategies. Prescio employs dynamic modeling tools in identifying potential deficiencies.
Some of the common risk factors faced by organization today are:
- Supply Chain Risk
- Fiduciary Risk
- Product Liability Risk
- Intellectual Property Risk
- Operational Risk
- Outsourcing & Vendor Risk
- Litigation Risk
- Revenue Recognition Risk
- Data Security Risk
- Exchange Risk
- Credit Risk
- Pension Liability Risk
Our team of analytical and business professionals can help you identify the quantifiable risk your institution faces and provide comprehensive strategies to manage these risks.
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How critical are the risk factors against the growth and prosperity of your company? Risk assessment is an initial phase of the whole risk management process, which is followed by risk measurement. Risk measurement helps institutions identify the influence of the risk on the organization. By using various risk measurement techniques, Prescio can identify the influence of each risk factor.
Our risk measurement techniques include:
- Risk Tolerance Criteria Determination
- Risk Prioritization/Mapping
- Capital ROI Prioritization
- Risk Interdependency Analysis
- Stakeholder Analysis
- Economic Modeling
- Scenario Planning
- Shareholder Value Analysis
- Value at risk
- Earnings at risk
- Loan Loss Reserves
- Market, Credit, Operational, and Model risks
- Tracking and forecasting Portfolio Asset Credit Quality on an ongoing basis
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In today's highly sophisticated world of finance, companies face the incredible challenge of keeping abreast of an ever-evolving business/legal environment. With proper risk assessment and risk measurement, our devoted team will help generate strategies to overcome business and legal risks inherent to your operating environment. To complement the strategies our IT/Application development team will provide you the tools to implement the strategies.
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Prescio's professionals possess a diverse set of quantitative tools that we can use to make your risk management process more rigorous, realistic and responsive. Our dedicated team can also help you with an independent study for your independent risk problems. Our previous independent projects include sales forecasting, optimum pricing strategy, etc.
Some of the sophisticated tools that we use are:
- Root Cause Analysis
- Adverse Consequence Analysis
- Economic and Econometric Modeling
- Fuzzy Logic Modeling
- Scenario Planning
- Stakeholder Impact Analysis
- Stakeholder Value Analysis
- Monte Carlo Simulation
- Neural Network Modeling
- Expert System Design
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It is important for organizations to safeguard their valuable data. Literally, data protection means the protection of data from unauthorized (accidental or intentional) modification, destruction, or disclosure.
Until the early nineties, information hiding techniques had received very little attention from the research community and from industry, but today, data protection is major concern for everyone.
Encryption has become a useful method of protecting data. Encryption works by enciphering and encoding data in order to change it from plain text into an unintelligible form. Encryption is the process of obscuring information to make it unreadable without special knowledge. Encryption can be used as a counter measure to combat unauthorized attempts to read sensitive files or to intercept confidential communications. Encryption can be a valuable tool in keeping confidential data safe, especially when used in conjunction with other tools to verify the integrity and authenticity of a message.
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To complement risk assessment and risk management processes, Prescio has a fully functional and independent IT counterpart that allow for identifying and addressing Operational and Data Security risks among others. Our IT team has developed several custom applications for our various banking and energy clients. Please visit our IT section
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Utilities, financial institutions and banks are constantly upgrading their business processes to enhance their competitive advantages, synchronize to market changes, and adjust to meet regulatory requirements. With the proposed Basel II accord, the changes and upgrades to financial and banking institutions will only increase. These institutions will spend valuable resources to upgrade their quantitative models including risk models. These models are key features of many business processes. Once developed, companies are required to have independent validations performed on most of these models to address issues such as model risks. These risks include errors in logic, errors in programming, errors in execution, and errors in use. Independent model validation allows for enhancing the reliability of a model by identifying and addressing the model errors. The process of validation allows for improvements and clearer understanding of a model's strengths and weaknesses among management and user groups.
Prescio brings its efficient experienced approaches to model validation. Our team of seasoned personnel with strong Quantitative, Statistical, Information Technology, and Finance professionals will thoroughly analyze all components of models including Logic, Input, Process, and Output to provide model validation that is reliable and independent of biases.