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The document discusses the role of data analytics in financial risk management. It outlines how analyzing past data can help accurately predict future risks and allow companies to plan responses in advance. The document also describes some key strategies for risk management including risk identification, assessment, mitigation, and monitoring as well as how technologies like data mining, predictive analytics, and data collection tools can be used.

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Muhammad Hussain Ali
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27 views14 pages

DA Presentation Slides

The document discusses the role of data analytics in financial risk management. It outlines how analyzing past data can help accurately predict future risks and allow companies to plan responses in advance. The document also describes some key strategies for risk management including risk identification, assessment, mitigation, and monitoring as well as how technologies like data mining, predictive analytics, and data collection tools can be used.

Uploaded by

Muhammad Hussain Ali
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
You are on page 1/ 14

Role of Data

Analytics in
Financial Risk
Management

Saud Faisal (22L-6311)


Haris Hassan (22L-6337)
M. Yousaf Iqbal (22L-6348)
Hussain Ali (22L-6353)
Table of Content

• Introduction
• Role of Data Analytics
• Advantages of Risk Management
• Strategies of Risk Management
• Steps to Implement Data Analytics
• Technologies use in Risk Management
• References

2
Introduction
Financial Risk Management

• Thriving company named Stellar Innovations


• Overlooked the importance of robust risk
management.
• Process of identifying, analyzing, and
addressing potential risks.
• It involves strategies and practices aimed at
minimizing or mitigating the adverse effects of
uncertain events on an organization's finances.

3
Role of Data Analytics
• Analyze past Data
• Accurately predict future risk
• Plan company’s responses in advance
• is an integral part of corporate governance

4
Advantages of Risk Management

• Enhance decision-making
• Significant cost saving
• Process optimization
• Competitive Advantage
• Regulatory Compliance
• Advanced Fraud Detection

5
Strategies of Risk Management

6
1. Risk Identification
• Diverse Risk Factors
• Complexity and Conventional Processes
• Analytics for Comprehensive Insights
• Overcoming complexity with Analytics

7
2. Risk Assessment
• Identify and Assess
• Data-Driven Prioritization
• Consider Data Flow
• Strategic Impact Analysis

8
3. Risk Mitigation
• analyze historical data to forecast
future risks and assess their impact.
• also empower businesses to take
proactive measures,
• Risk analytics can help to answer
those “what if?” scenarios

9
4. Risk Monitoring
• continuously analyzing data streams and
pinpointing key risk indicators.
• monitor the impact of the actions you take
• enabling your teams to address issues quickly
and productively continually.

10
5. Risk Reporting
• Technology platform can assist in generating
scheduled and on-demand reports.
• Allow organizations to make a thorough risk
plan.

11
Implement Data Analytics
in Risk Management
• Determine your goals
• Gather and classify your data
• Carry out data analytics
• Study the result and take action
• Monitor and iterate for ongoing analysis

12
Click icon to add picture

Technologies Use in Risk


Management
• Data Mining
• Cloud Based Platforms
• Data Security Tools
• Predictive Analysis Algorithm
• Data Collection Tools

13
References
• https://pixelplex.io/blog/data-analytics-
in-risk-management
• https://aixc.io/category/blogs/risk-
analytics-the-role-of-analytics-in-risk-
management
• Face to face meeting with manager at
Firm “Nasir Jameel & Co”
• Face to face meeting with internal
auditor at company “MA
Tools Pvt. Ltd”

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