Vector Risk provides specialised problem-solving advice across a range of areas of enterprise risk management from reviews of existing methodologies through to strategic support. Each assignment draws on the experience and specialist knowledge across our team and often leverages our own risk management and pricing software - BoundaryRider.

Experience

Examples of the type and variety of work undertaken include:

• Validating risk models for a big four Australian Bank and their reporting to APRA
• Reviewing Operational Risk models for the a big four Australian Bank
• Setting up a new internal quantitative group for a big four Australian Bank
• Evaluating the implications of alternative Market Risk methodologies for a big four Australian Bank

Experience

Our experience in developing solutions for our clients in order to measure and manage their market and credit risk gives us unique insight in advising clients on their risk management methodologies, their software needs, and their current analytics and technologies. Our experts are well versed in modelling, analysing and communicating risk.

Product Development

Vector Risk combines proficiency in financial modelling with extensive industry experience to provide clients derivative product development in OTC markets. Key to clients engaged in marketing and structuring complex derivatives, is Vector Risk's expertise in high performance computing. By marketing bespoke derivative products, clients are able to differentiate their product offering and achieve a greater return on transactions. Vector Risk's services in this area provide clients with immediate access to an innovative range of risk management solutions. In essence, Vector Risk delivers proven, cost effective, quantitative expertise.

Development of Policy

Vector Risk is able to prepare and review the relevant risk management policies and procedures for the varying business units within your organization. Our wide experience ensures that your policies and procedures are benchmarked against the industry standard as well as your competitors.

Validation & Certification of Analytic Models

Vector Risk are in a strong position to validate internally developed models for valuation and risk management. We are able to put forward a team that has extensive experience of researching, developing and implementing a wide range of models. Whether your models are the most basic Black-Scholes based models or advanced numerical pricing algorithms using lattice techniques or high dimensionality Monte Carlo solutions, our background is unrivalled in the level of expertise and experience we can apply to validation. Our validation exercises can cover an analysis of the assumptions of the underlying assets, testing of the practicality of the resulting hedging strategies, ensuring the inputs to these models are appropriate, and testing the validity of the model in terms of price and sensitivity parameters.

Lead Consultants

Dr Tim Rowlands: Tim has held several senior roles in Trading Risk Management and speaks regularly in conferences across Asia. Tim has a PhD in Theoretical Chemistry from Cambridge University.

Dr Robert Bursill: Rob received the Queen Elizabeth II Fellowship from the Australian Research Council and the J.G. Russell Award from the Australian Academy of Science. Robert has a PhD in Mathematics from Melbourne University.

Tim and Rob are supported by an experienced team of qualified consultants. Industry recognised and PhD educated, they are true experts in their field. Vector Risk has an unrivalled reputation in the Australian market for the provision of advanced advisory work in the area of complex analytics and pricing model validation.