Risk is inherent in the financial services businesses and activities. The extent to which a company properly and effectively identifies, assesses, monitors and manages the various types of risk involved in its activities is crucial to its soundness and profitability. The development and implementation of comprehensive policies and procedures to identify, mitigate, and monitor risk has become an imperative in many organizations.
Effective risk management requires the services of specialists: people with communication skills, sound judgment, and knowledge of the products and markets that require oversight.
Harrison, Stone & Associates has helped its clients hire excellent people – from staff specialists to senior managers – who implement contemporary risk management practices to address market risk, credit risk, liquidity risk, portfolio risk and operating risk.
Harrison, Stone & Associates has been instrumental in helping the largest financial institutions comply with Federal Reserve CCAR requirements in creating teams that conduct model validation, economic capital modeling and remediation, corporate governance policies and training, and operational risk measurement and control. Our clients include Insurance Companies, Banks, and Non-Bank Financial Institutions.