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CMRA serves some of the world's largest Banks and Broker/Dealers on six continents. Our professionals have extensive experience advising clients on the front, middle and back office operations of many business areas.
 

CMRA Services

  • Best practices peer group review
  • Model vetting
  • Risk assessment/quantification
  • Implement meaningful limits structures and economic capital approaches
  • "Integrate" market and credit risk departments
  • Select trading and risk management systems
  • Review and upgrade collateral management/repo and securities lending
  • Provide regulatory reviews to meet Fed, SEC, SFA, MOF or other requirements
  • Co-source internal audit reviews of OTC, derivatives, MBS, ABS and other complex financial businesses

Selected Assignments

Banks

Conducted an economic capital survey of 40 financial institutions.

Evaluated market, credit, operational and liquidity risk management policies, practices and approach for an emerging market bank.

Analyzed the issues in a litigation matter relating to margin calls and liquidation of an MBS and emerging market hedge fund for a large European bank.

Assessed the risk management approach, policies and practices of the fixed income business for a large Canadian bank.

Evaluated risk measurement, limits, and reporting processes for a major European Bank.

Conducted a comprehensive review of the derivatives business of a large global bank.

Advised the Board of Directors and Senior Management on risk management and risk measurement for all financial transactions including derivatives for a large European bank.

Updated the risk management practices, as well as created an independent risk oversight function to cover all securities trading and lending activities. Selected a new risk management system to support the front office as well as the risk management function for one of the largest international commercial banks.

Prepared a strategic plan for its Capital Markets business for a large international bank.

Reviewed the asset/liability management of a regional bank.

Trained the bank department in effective audit techniques for complex instruments for a major money center bank.

Broker/Dealers

Reviewed the CLO valuation and risk management approach for a major broker/dealer.

Analyzed the issues in a litigation relating to margin calls of an MBS hedge fund for a large broker/dealer.

Conducted an operational risk review of the retail and wholesale equity brokerage businesses of a large Korean broker/dealer.

Implemented independent risk oversight (IRO) and Value at Risk (VaR) for a major broker/dealer and prepared their SEC VaR for 6 quarters.

Performed a risk assessment and strategic review of derivatives business across all underlying asset types for a major dealer.

Analyzed and priced over 30,000 FX options and forwards and analyzed the cash flows in a major trading account for a large foreign dealer.

Analyzed a portfolio of complex and illiquid asset backed securities for a major dealer.

Vetted many complex pricing models for global derivative dealers.