Financial Risk Management

Financial Risk Management

We help assess, manage, report and limit the financial risks.

We help assess, manage, report and limit the financial risks.

Our Financial Risk Management Advisory function provides services to banks, insurance companies, investment services providers, asset managers, financial enterprises and corporate clients to identify and, with adequate regulation and professional management, mitigate the potential financial risks they face. Concerns about financial risk have been increasing both globally and locally. In this climate, it is strategically important for enterprises of all kinds to operate robust financial risk management frameworks that satisfy compliance demands, contribute to better decision making and enhance performance.

Successful companies in the future will reorganize their operations along the concept of “smart digital finance” (SDF). Via our Financial Risk Management services KPMG professionals contribute to implementation through all three areas of SDF: in connection with finance excellence, e.g. by measuring and reporting the significant risks with modern tools; within the topic of financial process management, among others, with the development of credit and counter-party risk management methods; from the viewpoint of digital transformation by developing risk models supplemented by machine learning elements; and also offering solutions for organizational development based on robotic process automation (RPA).

During our work we build on our experiences gained in the past decades and apply the latest technology. While supporting compliance with regulatory requirements we implement approaches that result in economic benefits. Our local clients are served by a team of 25 Financial Risk Management professionals with extensive knowledge of the needs and specialties of the local market, utilizing the global knowledge of KPMG and, where appropriate, involving international specialists in the given professional field.

Financial services:

  • MiFID II / MiFIR / EMIR/ PRIIPs advisory
  • Basel / CRR-CRD / ICAAP-SREP advisory
  • Advisory on the measurement and management of credit risk, market risk and operational risk, the development and validation of risk models
  • Remuneration policy-related consulting
  • Consultancy related to supervisory examination, advisory on regulatory reporting, professional support of the internal audit and compliance functions
  • The revision/creation of internal regulations of financial institutions
  • Support in capital planning, capital optimization and elaboration of recovery and resolution plans
  • The improvement of business (in particular lending policies, claim management, treasury front-mid-back office) and risk management processes within the financial sector
  • Development or validation of scoring and rating models/framework
  • Establishment of risk parameters under IFRS9, quantification of impairment effects
  • Establishment of controls against financial crimes
  • Advisory on regulatory and compliance (e.g. Solvency II, IDD, PRIIPs) related topics for insurance companies Solvency II
  • Benchmarks Regulation (BMR)-related advisory and conducting external audit
  • Support with PSD2 and instant payment preparation support
  • Brexit risk assessment and preparation support
  • Advisory on the introduction and development of RPA solutions and Artificial Intelligence-based tools
  • Consultancy in the field of RegTech (Regulatory Technology) and due diligence service-related to fintech companies
  • Financial risk management advisory regarding financing opportunities, rating advisory
  • Advisory services for the non-financial sector regarding financial risk management

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