VaRworks SE offers risk managers, risk controllers, auditors, fund managers, traders, banks, gas and power marketers, utilities, and other industrial firms centralized market risk analysis via extensive and proven FEA analytics, flexible database connectivity, risk calculation modeling, and versatile server-driven reporting capabilities. To power VaRworks SE, FEA has integrated its most advanced value-at-risk (VAR) analytic program to date, VaRworks 4.0.
An important feature of VaRworks SE is FEA’s proprietary VaRdeltaÂ® technology, providing unmatched drill-down capabilities for precise identification of the enterprise’s sources of market risk,' VaRworks SE product manager David Gumpert-Hersh comments. 'Only FEA’s VaRdelta technology enables multi-level analysis of the financial effects of diversification achievable across an enterprise’s portfolio, between divisions, as well as among discrete instruments and investment strategies.'
Directing the roll-out of VaRworks SE, David Gumpert-Hersh joined FEA from Microsoft Corporation where he was product and project manager for Microsoft’s worldwide treasury department, a division of the software company that includes front-end analytics, trade processing and back-end accounting solutions. Prior to FEA and Microsoft, David managed the capital markets, foreign exchange, and derivatives desks of Burns Philp, Inc., a multinational food manufacturer.
Along with FEA’s suite of proven VAR methodologies, trade-level VAR drill-down, and the market’s most comprehensive instrument coverage, VaRworks SE users can also build and apply ‘what-if’ scenarios to revalue portfolios using the latest stress testing methods. As an enterprise-wide solution, FEA’s VaRworks SE permits multiple users to access dynamic views of powerful value-at-risk data and calculations. Easy-to-use toolkits speed multi-database connectivity and the production and distribution of customized back-, mid- and front-office risk reports. Within VaRworks SE, the FEA VaR engine integrates with the Whitelight Analytic Server from Whitelight Systems, Inc. to speed data access, ensure security, and connect to multiple client interfaces. By simplifying the use of VAR analysis, VaRworks SE elevates risk management from the static to the era of dynamic, near-real-time reporting at any risk detail desired.
Craig Brown, a senior manager of Deloitte & Touche’s Capital Markets Group said, 'We have overseen many VAR integration projects and I was amazed by the manner in which VaRworks SE reduced the time required to complete such an implementation. Rapid deployment and improved ease-of-use for clients are just two of the potential benefits.'
Mark Garman, FEA’s Chief Scientist and President adds, 'VAR is a valuable analytic, predictive tool for market risk management. The use of VAR continues to expand across systems in treasury, clearance and settlement and trading among other corporate areas seeking to incorporate value-at-risk methodologies into both their strategic initiatives and on-going management policies.'