Panorama NovaView enables financial institutions around the world to measure and manage operational risk in a scientific way ― not just to conform to industry best practices and new regulations, but also for making sound business decisions.
5. • Market risk
• Credit risk
• Operational risk
What we saw during the recent
Financial Crisis
6. Key Lesson Learned:
Financial institutions did not make a
connection between the “numbers”
produced by traditional risk engines
and the risk exposure that they faced.
7. “If a risk is managed and no
one is told, is it actually
being managed?”
8. Solution:
Demonstrate the value that risk management
can bring to the organization and ensure those
at the top understand and value risk.
9. Questions about Risk that BI can Answer
• Daily Operations: Executive level transparency
• How your business is operating?
• What are the risks and exposures?
• How are you performing in mitigating risks?
• Project Basis: Risk-adjusted performance review
• What are the possibilities of risk?
• How can they affect the organization?
10. BI is Key to
Effective Risk Management
BI applications allow organizations to:
• Collect and analyze data on detailed level
• Preview all types of risk at high level
(different business units, categories, geographies, etc.)
• Provide global view into enterprise
risk and performance
11. Panorama NovaViewSSASPanorama NovaView
QuIC
Holistic and aggregated view of Risk
(include VaR – Value at Risk)
Aggregation of risk, including flexible modeling
using the conservative handling of correlations
Traditional Risk Engines
for Market Risk, Credit Risk, Operational Risk
Misys Infosys SunGard
Thompson
Reuters
Risk Management Solution
MS SQL DB2 Oracle
A lgorith-
mics
12. • An enterprise view of risk with drill-down options
• Empower organizational leaders to make accurate risk-based decisions
(Supported by well defined processes)
• Adapt unified risk reporting approaches across all business units
• Collaboration - risk reporting is not a one-way street
Effective Risk Reporting
13. Build a bridge between data & executives
without reliance on IT or analysts
Provide your management team with:
• Access to any data from different sources
• Real-time, robust reporting of Enterprise Risk
• Rich but easy-to-use analytics & data visualization
• Advanced analysis of data at the aggregate level with ability to drill
down for details
• Intuitive interface to view data at many angles, drill down to details
• Global Risk Dashboard - Tracking important KRI’s (Key Risk Indicators)
14. Intuitive & Interactive
Panorama NovaView BI Suite
Analytics Reporting Dashboards
KPI’s & KRI’s Visualization
(i.e. treemaps)
Office Integration
Complete offering for holistic view of Risk by executives
15. Same User Interface & multi-dimensional capabilities
for all data sources (relational, OLAP, in-memory)
Complete Web-Based Experience
• No Installation
• Access from anywhere
• Intuitive & Interactive
16. BI for Business Users
– Easy-to-use
– Interactive analysis
– Animated, self-discoverable features
– Zero training
NovaView Flash Analytics
The most user friendly, self-service analytical client available today
17. • Creates, formats and distributes
high quality reports in one click
• Enables full integration with user
data
– Supports all analytical capabilities
within the report
– “Slice and dice” and search
capabilities
– ‘In Cell’ visualization, Bands
• “One-click” conversion to Excel
and PDF
BI for End Users
NovaView Smart Reporting
One environment for analysis & reporting
18. BI for End Users
NovaView Dashboards
• Translate data into synchronized,
visually rich graphical elements
which show multiple results
together
• Guided analysis for an intuitive
user experience
• Self-Service Dashboards with
personalized look and feel
At a glance view of multiple results together
19. BI for End Users
NovaView Spotlight
• Deliver live, interactive
insights to users in a simple
and intuitive way
• Put insights where people
work, in the most popular
desktop applications
• From Insight to Analysis in
one click
A personal dashboard inside MS Outlook
20. – Maintain direct interaction
with data (“drill-down” and “slice
and dice” capabilities)
– “One-click” charting and
graphic tools provide users
options for quickly modifying
data
– Tree Maps (Heat Maps) for
examining hierarchical data and
finding correlation between two
measures
• Sophisticated visual presentations of
data analysis:
BI for End Users
NovaView Visuals
21. About Panorama
• 15 years of experience in Business Intelligence
• Original developer of Microsoft Analysis Services and MDX
• Long standing partnerships with Microsoft, SAP and Google
• Over 1,500 customers worldwide
22. • Get in touch with us:
kseniyas@panorama.com
• Follow us on Twitter:
http://twitter.com/PanoramaSW
• Panorama Software on LinkedIn:
http://www.linkedin.com/company/13163
• Panorama blog:
www.panorama.com/blog
Q & A
Notas del editor
The bank need to have all of these in order to manage risk.
During this presentation we will focus on Risk Reporting and Analysis
Market risk is the risk of the market changing for the bank, so things like Forex or interest rate are changing and affecting it's value of the portfolio,
Credit risk is about default of loans, or detrition in bank assets etc, and operational is really about human and system processes, etc.
During the last crisis we saw it all…. The market crashed, interest rate changed, etc affecting market risk,
And the people and companies and cross holding were in defaults, causing credit risk issue,
And also operational risk occurred and we found lots of fraud such as the one in SocGen in France or even maydof in the USA…
Lack of visibility of the risk data prevented executives from challenging the assumptions fed into the risk management systems.
Of all the major developments in risk management in the past few years – enterprise risk management (ERM), the use of technology and the emergence of the chief risk officer to name a few – there is one element that brings it all together, and in many cases, stands between success and failure: risk reporting. Perhaps the most key application for risk reporting, in terms of risk professionals, is demonstrating the value that risk management can bring to an organisation and ensuring that those at the top understand and value risk. And with senior executives and boards increasingly looking to realise return on investment in risk, risk reporting is becoming increasingly important.
When effective risk reporting contributes to effective management of business operations, senior management and executives will see the value, rather than the burden, of risk reporting
Amateur philosopher: “If a tree falls in the forest and no one is there to hear it, does it make a sound?”
Risk professional: “If a risk is managed and no one is told, is it actually being managed?”
Of all the major developments in risk management in the past few years – enterprise risk management (ERM), the use of technology and the emergence of the chief risk officer to name a few – there is one element that brings it all together, and in many cases, stands between success and failure: risk reporting. Perhaps the most key application for risk reporting, in terms of risk professionals, is demonstrating the value that risk management can bring to an organisation and ensuring that those at the top understand and value risk. And with senior executives and boards increasingly looking to realise return on investment in risk, risk reporting is becoming increasingly important.
When effective risk reporting contributes to effective management of business operations, senior management and executives will see the value, rather than the burden, of risk reporting
Amateur philosopher: “If a tree falls in the forest and no one is there to hear it, does it make a sound?”
Risk professional: “If a risk is managed and no one is told, is it actually being managed?”
Business Intelligence and risk management are linked on two levels. First, when used in conjunction they provide executive level transparency into risks within the organization, and secondly, they can provide a risk-adjusted performance review. For example, when an organization is putting together a strategic plan (i.e. a product launch or new corporate direction) it is critical that the organization has a clear understanding of the risks it may run into, and consequently provide a risk-adjusted performance review. This is where BI is crucial, as it provides data, analysis and reporting—the high level of information needed—to make insightful and accurate business decisions. Through the use of Risk Management and BI practices, overall business performance is improved.
Executive transparency and risk adjusted performance review are tightly linked. However, executive transparency tends to be more of a proactive, operational daily approach at the executive level. This involves understanding how your business is operating, what are the risks, and how you are performing with respect to mitigating these risks. Risk-adjusted performance reviews occur on more of a project basis, where corporate direction is analyzed to deeply understand the possibility of risk, and consequently adjust plans and forecasts accordingly.
Risk management cannot effectively function without BI. The BI infrastructure within an organization is needed to collect and analyze data on a highly detailed level which is then input into risk-related decisions. BI also is needed to allow executive level decision-makers the ability to look across all categories of risk (in different business units, categories, geographies etc.), providing a more global view into business performance, and where certain risk-related issues need to be addressed.
All business units need to take an enterprise view of risk so that the potential impact one business unit’s actions may have on the total organisation is understood, assessed and communicated. The risk management functions within the business units work closely with the corporate risk unit using continual communication, participation in various management committees and a clearly defined matrix reporting structure.
Key is to tailor risk reporting frameworks to the individual organization. With many organisations looking to maintain a central risk executive – the chief risk officer – while empowering business units to manage their own risk, adapting risk reporting approaches can be difficult, particularly in organisations with diverse and complex operations. Another key challenge is the integration of risk management processes to bring conformity to our reporting regime. The major challenge here is convincing and negotiating with the broad range of stakeholders that manage their own risk management processes and systems.It’s also crucial to ensure that risk reporting is not a one-way street. While, ostensibly risk reporting is designed to enable senior executives and the board of directors to make informed business decisions on the basis of accurate risk information, it should also be linked back to those ‘at the coalface’.
Very inviting & user-friendly interface
- we’re using the power of Flash technology that gives us new ways to make functionality self discoverable
A simplified analytical tool that lets business users to perform analysis in a very intuitive way
Creates, formats and distributes high quality reports in one click
Customizable formatting features include highlighting, visual coding and sorting
Pixel perfect reports, WYSIWYG
Enables full integration with user data
Supports all analytical capabilities within the report
“Slice and dice” and search capabilities
‘In Cell’ visualization, Bands
“One-click” conversion to Excel and PDF