Risk Management Experts
Key topics
Risk Management, Market Risk, Credit Risk, VaR, PFE, Economic Capital, Risk Reporting, Regulatory Capital, Risk Limits, Structured Equity, Structured Derivatives, Interest Rate Swaps, Credit Default Swaps, Cross Asset Trading
Biography
As vice president of risk solutions, Marcus Cree is in charge of client solutions for North America for SunGard’s capital markets business. This is the latest iteration of Mr. Cree’s SunGard career, which has seen him work in the implementation team for the Adaptiv risk solution as well as the solutions team in Europe. Before joining SunGard, Mr. Cree worked in the risk control unit for Deutsche Bank, the implementation team of Misys, and as an analyst for a UK-based stockbroker. In addition to GARP’s FRM and AIMR qualifications, Mr. Cree holds a degree in mathematics and psychology from Leicester University.
Commentary
In risk management, both market and credit risk management are at the core of ensuring that global firms meet both internal and regulatory risk controls. Enterprise risk management is complex and demanding, requiring swift response times for trading and connectivity with many systems and pools of data.
In this complex environment, the key to implementing a workable and holistic approach to risk management is a full understanding of both the extent and the limitations of what the risk numbers actually explain. It is also vital to contextualize the risk results across the broader framework of the financial system. The dynamics between factors in and out of the portfolio become an important area of risk insight.
Above all, however, the creation of an effective risk culture requires the establishment of a working language among the risk takers, the risk managers and the risk stakeholders. This communication and understanding allows firms to take, measure and understand risk in context against the stated risk appetite.