Mr. Valery Ollivier graced our campus with his esteemed presence to throw light upon the tools used at Algorithmics and how clients use them for risk mitigation. He is the current regional manager of Algorithmics in the Middle East region, has many years of experience in risk management and risk management solutions, having previously worked for Bloomberg, Murex, Reuters, National Bank of Canada and Bancomer. This experience puts him in a unique position to discuss how risk management tools are applied within the world’s foremost financial solutions.
Algorithmics is the world leader in enterprise risk solutions, dedicated to helping financial institutions understand and manage risk. The lecture broadened our horizons on the type of risks involved in the financial world. He started the lecture with enterprise risk management and spoke about the three types of risks involved namely operational, market and credit.
He spoke about how his 28 year old company which has 800 employees is working to develop and sell softwares to calculate risk. This software helped the Middle Eastern banks like Riyadh and Emirates NBD to realise what went wrong during the 2008 crisis and how they could have averted it. Algorithmics was recently acquired by its biggest competitor IBM.
This session was a real treat especially for those students who wish to specialise in finance and risk management. It proved to be really helpful in giving an in depth understanding of what risks exist in an investment and then handling those risks in a way best suited to your investment objectives.
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