RiskVal Financial Solutions has announced that its pension risk management platform has been nominated as the 2014 “Technology Innovation of the Year” by Custody Risk, an Incisive Media publication. The nomination recognizes RiskVal’s commitment to innovative and scalable technology solutions to emerging issues in the financial services industry.
Pension advisers use RiskVal’s pension risk management platform to track portfolio P&L and calculate scenario analysis, P&L attribution, value-at-risk, and then aggregate the information for easy downstream system integration. Unlike traditional risk technology aimed at asset managers, RiskVal’s platform has been tailored around the unique needs of advisers that employ a liability-driven investment (LDI) strategy.
Calculating risk measures for pension liabilities is a pain point for many LDI advisers. Liabilities are long-dated and typically discounted using custom benchmarks rather than a risk-free rate. This adds an additional layer of complexity when performing scenario analysis or simulating value-at-risk. RiskVal has directly addressed these issues using sophisticated analytics and flexible data aggregation.
Nigel Snowdon, Director at RiskVal, said, “The pension management industry has changed significantly since 2006, and liability-driven investing is the new norm. Unfortunately, the services and technology available to LDI advisers have not kept pace. This award recognizes RiskVal as an innovator and leader in the pension risk management and LDI services arena.”
RiskVal’s pension risk management platform is a hosted solution that can be integrated with the firm’s industry-leading pretrade fixed income analytics system. Out-of-the-box position and market data handlers lower the total cost of ownership and accelerate onboarding. A global client service team is available 24/5 to answer questions and provide support.