Buyer’s Guide: Sellside Risk Management Solutions 2024

Exploring the Key Purchasing Criteria of Evolving Investment Bank Selection Criteria

This research report highlights a gap commonly observed by within Tier II and Tier III corporate and investment banks globally between C-suite level governance, risk and compliance policy setting and the subsequent ability of front-office managers to implement those requirements.

Published on: 10 Jun, 2024somdn_product_page

Description

Working with CIBs to bridge those gaps, GreySpark identified software vendors that are experienced in translating and connecting GRC policy mandates to financial markets front-office risk controls. GreySpark believes that the following three criteria represent the competitive differentiators for sellside institutions seeking to license a GRC management solution:

  1. Controls Management – A single source of truth for all models, algorithms and other data, including versions, materiality, relationships and dependencies with full lifecycle management. This also includes structural taxonomy tags, links to inputs, outputs and documentation;
  2. Risk Management – Within the wider risk management subject, the recognition, scaling and prioritisation of controls and the data associated with them to assess the breaching of risk tolerance levels and to remediate according to the findings; and
  3. Workflows Management – The automation of processes across the business into an independent flow of tasks, documents and other data or information, characterised by appropriate authorisations, accountability, alerts and reporting.

This report reviews the findings of a survey of the outlined KPCs of three, vendor-provided sellside GRC management solutions. Specifically:

  • Fusion Risk Management;
  • Protecht ERM; and
  • ViClarity Risk Management.

Table of Contents

  • 1.0 The Sellside Risk Management Solutions Business & Functionality Landscape
    • 1.1 Market Trends: The Sellside Risk Management Solutions Business Landscape
    • 1.2 Market Trends: The Sellside Risk Management Solutions Technology Landscape
  • 2.0 Assessing the Featured Risk Management Solutions
    • 2.1 Assessment Methodology: Key Purchasing Criteria
    • 2.2 Analysis of the Featured Risk Management Solutions’ Key Purchasing Criteria
  • 3.0 Vendor Sheets: Surveyed Sellside Risk Management Solutions
    • 3.1 Fusion Risk Management
    • 3.2 Protecht ERM
    • 3.3 ViClarity Risk Management
  • 4.0 Appendix
    • 4.1 Table of Figures

Report Data & Figures

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