About RiskTransform

RiskTransform Ltd is a niche consultancy specialized in business architecture and operating model change for the Risk function. We are using a combination of consulting driven and architectural techniques to drive predictable transformation. Our sweet spot is the integration of risk, operating model and IT change.

Most banks structure the risk function into silos of credit, market, operational and liquidity risk. Finding a common language and consistent reporting between them, but also with Finance is a challenge. Understanding the joint impact of market stress on asset positions and the overall business model is next to impossible. Senior management, regulators and the public are pushing for improvement.

Risk change requires an integrated approach which combines solid change management and architectural capabilities with an understanding of the intricacies and interdependencies of risk. We have experience, processes and reference models bringing together these dimensions, based on industry standards and best practices.

Founder and a director of RiskTransform is Thomas Obitz, an experienced consultant with Big 4 background and 20 years in the Financial Services industry. He has driven change of operating models in banks and has led large-scale architecture transformation initiatives. With a deep knowledge of Risk (certified Financial Risk Manager/ GARP FRM) and of operating model/ architecture change (TOGAF 9 certified enterprise architect), he is able to combine the functional and the change management needs of the industry.

News

20th Jan 2016 - The BIS has published the final FRTB rules on Jan 14th. We have published an assessment of the changes on Linkedin. An updated version of the FRTB White Paper is available from the website.

08th Dec 2015 - The Fundamental Review of the Trading Book (FRTB) is a major overhaul of the market risk framework which not only increases capital demand dramatically, but also requires major change in risk measurement, risk processes and IT. Banks need to act swiftly to get ready for the 2018 deadline. A presentation on the impact of FRTB on the operating model of banks, and how banks can approach the resulting operational challenges, can be found here.

22nd Oct 2015 - Thomas Obitz, director of RiskTransform, was invited to present at the Open Group conference in Edinburgh on Oct 20th 2015. His presentation "Risk Transformation in the Post Crisis World - Architecting capabilities to thrive in the New Normal" provided an overview of the changes to risk architecture required to manage risk effectively and efficiently in a highly interdependent environment, and to respond to the raft of regulations impacting the banking industry. The slide deck can be downloaded here.

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Impressum

RiskTransform is a private limited company incorporated in England and Wales headquartered in London.