The Future
Our view of the Risk Function in 2015
•It is likely to have broader responsibilities, to be very engaged at a strategic level, and to have much stronger, collaborative relationships with other parts of the bank.
•At the same time, its talent pool will probably have experienced a massive shift in expertise toward better analytics and greater collaboration, and away from operating processes.
•Most of the latter can reasonably be expected to be automated, real-time, and paperless by then. IT and data will likely be much more sophisticated, often employing big data and complex algorithms.
•As a result, the risk function may be able to make better risk decisions at lower operating costs while creating superior customer experiences.
• AEGEUSRC offers services that supports institutions to deliver these future risk requirements and deal with these trends at a lower cost, because institutions will have to reduce their operating costs substantially, to remain competitive.