Software Selection and Implementation Services
The development of the risk management industry within financial services continually places challenges to the information technology infrastructure of an institution. This may lead in the short term to the development of solution using spreadsheets to supplement existing systems; but in the long term there is a need to acquire additional solutions.
If a firm is debating on whether to buy or build, or if they are seeking to systematically review all the options on the market, then Risk Reward can provide help and assistance. Our consultants are able to provide a firm with assistance at each stage of the process, from initial review and selection through procurement and ultimately to successful implementation of the solution.
Our services include, but are not limited to, the following:
- Undertaking a formal needs analysis, reviewing existing capabilities and systems leading to a gap and needs analysis.
- Development of a full list of suitable solutions for a particular application, highlighting specific strengths and weaknesses.
- Developing in conjunction with the client a Request for Proposal (RfP) to be sent to the selected vendors.
- Interviewing and reviewing potential solution providers, leading to a series of preferred solutions.
- Undertaking project management during the acquisition and implementation phases of the project.
- Conducting post implementation reviews to establish to what extent the project achieved its primary objectives.
Risk Reward has consultants that are experienced with systems in all key areas of risk management including operational, credit, market and liquidity risks and are able to provide these skills to supplement the knowledge of your core teams to ensure a successful risk management systems implementation.
For more information please contact Dennis Cox Senior Risk Consultant
