Solutions | Asset Management
Asset Management
With regulators turning their attention to asset management and with costs continually under pressure, the stakes have never been higher.
Digitisation and peer networking driving a new approach to operational risk management
Against a backdrop of ever-increasing risk and regulation, as well as the growing need to evidence compliance and resilience, the Acin platform is a solution for Operational Risk challenges for Asset Managers:
- Managing Costs
- Access to definitive industry risk and control libraries
- High pain and low value of the RCSA
- Engaging and challenging the 1LOD
- Need for more real-time, predictive, quantitative operational risk insights
A brief intro to Acin
Acin has built a dedicated operational risk platform that enables firms to manage operational risk like never before! Unlike risk and compliance software, Acin helps address a key challenge in operational risk: The data itself.
Acin is also removing the subjectivity plaguing operational risk and are moving it more in line with the quantitative disciplines of market and credit risk
What
- Operational Risk Platform
- Operational Risk Data
- Quantification
How
- Data Standards
- New Tech
- Peer Networks
Why
- Save Money
- Improve Risk Mitigation
- Enhance Reputations
Acin and the Asset Management Sector
Building on our selection for Cohort 4 of the 2021 Investment Association Engine Innovator program, Acin completed a proof of value with five leading asset managers with a combined AuM of £3Tn.
These firms played an instrumental role in validating Acin’s approach and the unique value of the Acin Platform and Network in addressing asset management pain points in operational risk
The insights from the initiative also led to the evolution to include tried and tested controls from other sectors in the asset management indices.
What asset managers say about us
“Overall, we like the ACIN data structure. There are several ways we could use the platform to improve our risks and controls” – Asset Management Proof-of-Value Member #1
“I’m aware of potential cost savings and can see the business case for using Acin” – Asset Management Proof-of-Value Member #2
The Acin Platform
Features
- Data Standards
- Peer-driven Risk & Control Indices
- Completeness Scoring
- Risk Intelligence
- Data Insights
Benefits
- Optimized, Clean Data
- Benchmarking to Peers
- Demonstrate Completeness
- Front-to-back View of Risks
- Dynamic Risk Assessment
Outcomes
- Reduced Costs
- Improved Risk Mitigation
- Assured Stakeholders
Acin’s Operational Risk Outlook
Our asset management solutions brief covers:
- Industry Challenges
- RegTech Overview
- 6 Key elements of operational risk
- Engaging the 3LOD
Helping Asset Managers meet the challenge of Climate Risk
Given the nascent and emerging nature of climate risk, Acin has developed a pre-configured inventory of risks and controls, based on the PRA and Bank of England guidance, to help firms kick-start their climate risk frameworks.
This covers financial and non-financial risks, transitional and physical risk categories and themes affecting asset managers such as green-washing, stewardship and activism.
As guidance becomes regulation, this will be reflected in the Acin climate risk inventory – and as more firms join the climate risk network, the extent of the peer analysis will grow.