Risk Data Validation, Reporting and Alerts
Portfolio risk applications require a significant amount of data with regard to both security master and position information. Missing information leads to delays and errors in the generation of risk reports. Simple in principal, but more complicated in practice. We understand the data that vendors' systems need, and we help clients ensure that information sent to the vendor is correct.
Our capabilities pre-process data validation, detecting errors and omissions prior to pushing data to risk systems. The ability to send position and security master data that is both complete and correct on trade date allows for accurate risk reporting T+1.
MIK has also built tools to validate the reporting results that the risk vendor returns to the client. This validation ensures that portfolio information ties out with the firm's own data.
Once Risk Data Validation is in place and accurate T+1 risk reporting is being delivered, MIK can make use of this risk information via:
- The Data Warehouse: We can store daily risk data from your vendor for use in trend analysis of the portfolio. Storage and reporting on this information can help you see how the portfolio risk and component risk have changed over time.
- The Real-Time Portfolio Monitor: MIK can integrate the risk reporting results supplied by your risk vendor into your real-time portfolio views so that you can see risk information along side market data.