“Market Risk Monitor leverages leading technology and industry partnerships to provide our clients with the insights they require via their channels of choice.”
Northern Trust has released the Market Risk Monitor solution to enhance its suite of ex-ante (forward-looking) risk analytics services.
Market Risk Monitor provides institutional investor clients such as pension funds with an extensive library of key risk indicators including stress tests, sensitivity shocks, and value-at-risk measures.
Market Risk Monitor leverages Confluence’s RiskAPI
Available via RADARTM, Northern Trust’s digital dashboard for investment analytics, the extensive library of key risk indicators can be used by clients for purposes ranging from monitoring the risk targets and limits of their external fund managers to reporting on their adherence to regulations and accounting standards.
The risk analytics solution leverages the RiskAPI product by Confluence Technologies and combines it with a data management and processing layer, to generate insights into the market risk profile of a clients’ assets and liabilities, with results being provided on an absolute and relative basis over time with asset coverage spanning derivatives, public and private market assets.
The API-based vendor partnership enables Market Risk Monitor to deliver vendor-supported risk analytics alongside a proprietary suite of investment analytics available through Northern Trust.
Market Risk Monitor compliments and broadens Northern Trust’s suite of risk analytics services – which include solutions for clients who wish to access third-party risk platforms by providing them with data management services and ongoing consulting support.
Integrating risk analytics into Northern Trust’s RADAR
Jeffrey Greaney, product lead for accounting, analytics and derivatives at Northern Trust, said: “Market Risk Monitor leverages leading technology and industry partnerships to provide our clients with the insights they require via their channels of choice. And by integrating risk analytics into RADAR under a single ‘pane of glass’, we provide a simplified, convenient and consistent way for them to exercise oversight using our analytical capabilities and global consultative expertise.”
Damian Handzy, managing director at Confluence Analytics, commented: “We are honoured to be selected by Northern Trust to help them solve clients’ complex investment challenges. By leveraging our RiskAPI, this new service offers clients a flexible and scalable risk management solution that provides maximum security and data confidentiality. Our cloud-based RiskAPI solution fits with Northern Trust’s strategy of offering best-of-breed analytics components.”
Northern Trust has a global presence with offices in 25 U.S. states and Washington, D.C., and across 23 locations in Canada, Europe, the Middle East, and the Asia-Pacific region.