A Modern, Scalable Risk System Architecture

Explore a modern, scalable risk system architecture for financial institutions in this ACCU 2019 conference talk. Delve into the evolution of risk management technology, from early spreadsheets to current cloud-based solutions, and examine the challenges posed by legacy systems. Learn about architectural principles, prototypes, and solutions for building a cutting-edge financial risk platform from scratch using contemporary tools and software engineering techniques. Gain insights into core functions of risk systems, including versioned datasources, trade processing, position aggregation, and calculation loops. Discover design principles and goals for creating a scalable, efficient risk management infrastructure that addresses the complex needs of modern banking and finance.

Intro
What is a risk system?
A historical perspective
the humble spreadsheet
Humble Spreadsheets
Use a Database
Version 2.1 - Client /Server
Version 2.3 - Heath-Robinson Spreadsheets
Heath-Robinson in Practice
Distributed Systems
Calculation Loop
The Future
Goals
Core functions of a Risk System
Everything Changes
Versioned Datasource
Trade Processing
Position Aggregation
Calc Loop
Design Principles
Overview