Infosys-Oracle Blog : Integrated Risk & performance Management

For long Risk management and Performance management are considered as two independent functions. While performance has always been at the center stage of organization's efforts, risk has been limited to being a regulatory compliance function. But crisis has again highlighted the need of adjusting performance for the different kind of risks taken. While almost ever organization agrees on the need to do integrate risk with performance management, not many are enabled to convert concepts into real systems.

While skewed incentive systems encourage excessive risk taking, creating effective performance criterions is always a challenge. Collating risk bottom up and monitoring it top down is tough cause of intransient correlations between various types of risk and factors. Even if right models are designed, complexity and vastness of calculations mandate organizations to have a powerful integrated system which shares calculation, reduces data redundancy and offers real time intelligence. Real time intelligence in turn provides a competitive edge by helping front line managers and traders in effective decision making.

This can be achieved through a solution which creates a common metadata for all analytical tools, uses pre built dimensions to reduce the developmental delays, provides industry best practices through canned processes and reports, generates for what if analysis for range of financial factors like interest rates, exchange rates, prepayment, credit defaults etc.

To address these needs, Infosys has developed an IRPM (Integrated Risk & Performance Management) framework with using Oracle's OFSAA as underlying technology suite.

To know more about how IRPM can help you address these challenges, please stay tuned to this space

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