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Grant Thornton Ireland creates international quantitative risk management hub

Grant Thornton Ireland partners with sister Spanish firm to establish a joint venture focused on providing best-in-class risk management services for financial institution clients.

Grant Thornton Ireland has joined forces with its sister firm in Spain to establish a joint venture focused on providing best-in-class risk management services for financial institution clients.

The joint venture is dedicated exclusively to advising on modelling and quantification strategies of any risk associated with banking activity, with expert knowledge of the European, and international regulatory ecosystems and brings together a team with extensive experience.

The regulatory complexity that has impacted the financial sector over the last twenty years has required banks and institutions to strengthen their risk management capability.

The new joint venture will assist clients with standardising their risk processes in line with the latest regulations, with the aim of becoming a benchmark ally for internal risk management teams. 

New joint-venture managing partners Dwayne Price and Daniel Fernández.
New joint-venture managing partners Dwayne Price and Daniel Fernández.

Led by Grant Thornton Ireland Partner – Risk Advisory Dwayne Price, alongside Spanish Risk Advisory Partner Daniel Fernandez, the new joint venture will help clients to measure the risk of increasingly sophisticated products; to quantify risks through robust analytical models that clarify decision-making; to adapt to a continuous regulatory evolution that includes preparation for stress tests; the impact of ESG, environmental and climate change requirements on banks' day-to-day operations; and the application of the latest in technology, with the emergence of Intelligence and Machine Learning in advanced banking risk models, which are already being incorporated into the requirements of the main regulators.

Commenting on the launch, Grant Thornton Ireland Partner – Risk Advisory Dwayne Price said:

"The focus of our new hub is on modeling expertise aligned with leading industry standards and regulations, with a truly international market view and capability. It is an exciting opportunity to extend our reach with Grant Thornton in Spain, building one of the strongest financial risk management teams in the world.” 

"Our goal is to help large corporations in the financial sector with the right guidelines to avoid systemic risks, both in their reporting, processes, compliance, limits and understanding of their business. Managing risk is no longer simply a necessity in times of crisis, as it now requires continuous planning due to today’s complex regulatory environment", added Daniel Fernandez, Spanish Risk Advisory partner at Grant Thornton in Spain.

 

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