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. Airat Chanyshev Associate Director New York City +1 212 345 7336
Dr. Jordan Milev Associate Director New York City +1 212 345 5516
Dr. Andrew Carron Affiliated Consultant New York City
+1 212 345 5407
+44 20 7659 8500
Jonathan Falk Affiliated Consultant New York City +1 212 345 5315
Dr. James Jordan Affiliated Consultant Washington, DC +1 202 466 9263
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