AFTAs 2019: Best Risk Management Initiative—Charles Schwab Investment Management
![Aftas](/sites/default/files/styles/landscape_750_463/public/2019-12/AFTAs%202019%20Good.jpg.webp?h=2ac55f94&itok=UDUbll1O)
Charles Schwab Investment Management’s (CSIM’s) investment risk team wins this year’s AFTA for supporting the business in managing risk across its portfolio and liquidity regulation functions, taking the title from the 2018 winner, Barclays Investment Bank. CSIM’s team provides users with access to a range of risk scenarios to identify factor exposures and improve collaboration between risk analysts and portfolio managers. It also allows the firm to manage its liquidity requirements so that redemptions do not have a big impact on remaining investors.
Schwab, a provider of passive index funds, has doubled assets under management since 2011 to over $430 billion in mid-2019. As the business has grown, its exposures grew too, says James Ferrarelli, vice president and head of asset management technology at the firm, and recipient of the best technology executive (buy side) in the 2018 AFTAs. “When you look across all the debt, all the equity you own in multiple funds … you are having to make sure that your exposure to one particular company or sector is managed appropriately and within regulatory guidelines. How are you going to manage all the inflows and outflows as markets move in the best interests of investors,” Ferrarelli says. “This is what this team has been able to deliver to our business—from the automation of the calculations, the benchmarks we are using and the data to measure the risk, how we are reporting that risk, how it goes to the board of directors for their sign-off and through the liquidity risk program that we have created to monitor that. This is what the technology is supporting.”
“The investment risk team provides access to users across multiple vendor risk engines, which enables CSIM users to directly benefit from investments that vendors are making in cutting-edge technology like artificial intelligence,” says Manish Ghayalod, senior managing director and head of CSIM investments technology.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
Sell-Side Technology Awards 2024 winner’s interview: Broadridge
In this year’s Sell-Side Technology Awards, Broadridge Financial Technology won Best outsourcing provider to the sell side thanks to its hugely successful business process outsourcing offering
Waters Rankings 2024: Best market risk solution provider (highly commended)—FactSet
Product/service: FactSet Multi Asset Class Risk Solutions
Waters Rankings 2024: Best portfolio management system provider (highly commended)—FactSet
Product/service: FactSet PM Hub
Waters Rankings 2024 winner’s interview: IPC Systems
IPC Systems won the Best cloud infrastructure provider category in this year’s Waters Rankings. Tim Carmody, CTO of IPC, discusses his firm’s recent success in the rankings
Waters Rankings 2024 winner’s interview: Vneuron
Vneuron Risk & Compliance won the best AML compliance solution provider category in this year’s Waters Rankings.
Waters Rankings 2024 winner’s interview: Cloud9
Cloud9, part of Symphony, won Best trading floor communication system provider category in this year’s Waters Rankings.
Waters Rankings 2024 winner’s interview: AI Risk
New York-based AI Risk won the Best cyber security provider category in this year’s Waters Rankings.
Waters Rankings 2024: Best performance measurement and attribution system provider—FactSet
Product/service: FactSet Performance Solutions