Financial Risk Management

Risk Measurement and Management

Risk Measurement and Management

Many companies are trying to enhance their measurement and management of risk. Senior managers seeking to implement best practices at their company face a two-fold problem. First, they must understand and implement current best practices (if they exist) that apply to their business. These practices can vary widely from industry to industry. For example, in the financial services industry, various value-at-risk and stress-testing approaches have long been the preferred risk management tools. Though some of these core methods are well known, poor model design and choices can— and have—resulted in major, unexpected, and potentially preventable losses.

For non-financial companies whose assets are primarily intangible, measuring the value and the associated risks of these assets has long been a problem. In addition to the same dangers of poor model design and choice faced by financial services firms, these companies do not even have a best practices approach to risk management. NERA works with non-financial companies using our f-irm (financially integrated risk model) to better measure and manage cash-flow-at-risk.

Second, senior managers are challenged to keep abreast of best practices as they evolve; NERA’s risk experts play a vital role in keeping clients informed of new developments. Our experts have assisted various industry bodies, such as the Group of Thirty, the International Swaps and Derivatives Association, the Committee of Chief Risk Officers, and the Treasury Management Association in developing risk management principles and evaluating best practices.

NERA is recognized as a leader in the measurement and management of the full range of financial risk faced by organizations, including market risk, credit risk, liquidity risk, and operational risk.

Name Title Location Phone Email
Dr. Andrew Carron Chairman New York City
London
+1 212 345 5407
+44 20 7659 8500
andrew.carron@nera.com
Dr. Sharon Brown-Hruska Director Washington, DC +1 202 466 9222 sharon.brown.hruska@nera.com
Jonathan Falk Associate Director New York City +1 212 345 5315 jonathan.falk@nera.com
Oksana Kitaychik Associate Director New York City +1 212 345 1094 oksana.kitaychik@nera.com
Dr. Jordan Milev Associate Director New York City +1 212 345 5516 jordan.milev@nera.com
Dr. Airat Chanyshev Senior Consultant New York City +1 212 345 7336 airat.chanyshev@nera.com
Dr. James Jordan Affiliated Consultant Washington, DC +1 202 466 9263 james.jordan.affiliate@nera.com
Title Type Author
Expert Analysis: Financial Crisis Anniversary - Trends In Credit Crisis Settlements Published Article By Faten Sabry, Sungi Lee, and Linh Nguyen
PDVSA’s Peculiar Oct. ’22 Bond May Carry Elevated Risks Report By Timothy McKenna and Raphael Starr
Securities Class Actions: 2016 Full-Year Review and Mid-2017 Flash Update Published Article By Stefan Boettrich and Svetlana Starykh
BSA/AML Compliance and Enforcement: An Update for the Securities and Derivatives Indu... Published Article By. Sharon Brown-Hruska
Not All MBS Settlements Are Equal White Paper By Faten Sabry, Sungi Lee, and Linh Nguyen
Trends in Canadian Securities Class Actions: 2016 Update Report By Bradley A. Heys & Robert Patton
Dynamic Asset Allocation for Stocks, Bonds, and Cash Published Article By Dr. James Jordan with George Washington University School of Business and Public Management Professor Isabelle Bajeux-Besnainou and CNAM Chair of Finance Roland Portait
Mean-Variance Asset Allocation for Long Horizons Working Paper By Dr. James Jordan with Department of Finance, George Washington University Professor Isabelle Bajeux-Besnainou
An Asset Allocation Puzzle: Comment Published Article By Dr. James Jordan with Department of Finance, George Washington University Professor Isabelle Bajeux-Besnainou and CNAM and ESSEC Finance Chair Roland Portait
NERA Topics #23: Risk and the Cost of Risk in the Comparison of Public and Private Fi... Working Paper By Michael Spackman