Arkus will create an interface with the data supplier in order to establish a stable date flow for the relevant information. Upon receiving the relevant data needed from the administrator/custodian bank we check it for completeness and accuracy before we uploading it in our proprietary system RiskRadar™ where the risk calculations are carried out. The resultant metrics and the underlying analysis are used to create meaningful reports for all types of risk (Market Risk, Liquidity, Counterparty, and Concentration).

Furthermore, Arkus will also take care of the ongoing data management related to the production of the risk reports. The position data obtained will be enhanced with relevant market data by Arkus´ analysts.

Feeds:

• Refinitiv (Thomson Reuters) API
• Bloomberg FTP

Data Stored:

• 14,000 Equity & Fund Prices & Volumes
• 80 Exchange Rates
• 750 Active Yield Curves
• Security Reference data (17,000 active securities):

Data Management Processes

• 31 Fund Admins supported
• 36 Data Sets
• 4 Jurisdictions
• Look through functionality

Regulation puts a particular emphasis on the adequate identification, monitoring, and reporting of operational risks. In Luxembourg, the CSSF has consistently expressed that it will put a particular focus on this area. 

At Arkus we have developed a practical operational risk self-assessment tool to support our clients perform a structured assessment of their operational risks; then onward, this toll can be used as an on-going monitoring framework.

The resultant reports address sensitivity, threats, vulnerabilities, risks and recommends cost-effective safeguards to mitigate threats and associated exploitable vulnerabilities. Leveraging on our practical expertise with this report will:

• Draft a practical operational risk matrix based on a criticality scoring framework identifying probabilities and impact of potential risks and their mitigation factors;
• Establish an on-going monitoring framework to be used by the PRMF Officer. 

A Comprehensive yet Module Approach 

AIF’s/UCITS Risk Profiling 

• Identification and formalization of all risks inherent to an AIF’s/UCITS specific strategy by creating a risk hierarchy
• Consistency of investment process

AIFM/UCITS RMP Review/Drafting

• Draft/review of existing Risk Management Policy (RMP). Which includes documenting governance, key risks and KRISs, Limits, Monitoring and Reporting. 

Risk Reporting

• Provide tailored risk reporting reports
• Prepare CSSF regulatory risk reporting compliant reports in the respective template

Risk Monitoring

• Based on Key risks identified, regular monitoring of KRIs and escalation in case of breach
• Assist to compile, or prepare regular board reporting on risk; alert summaries, etc.

• Fast decision-making process underpinning rapid implementation
• More efficient resource allocation
• Scalable Platform
• Efficient intra-day risk exposure calculations
• Validated risk model
• quality of data source thanks to trusted source providers ( Bloomberg & Thomson Reuters)
• Regulatory expertise embedded in our solution
• Reliability of our IT platform (Inline with cyber security requirements, penetration test performed with success by external audit, platform re-designed to take into account potential threats)

Reports are delivered in three different manners: 

• Via Email
• SFTP Transfer
• Access via our online risk monitoring platform, RiskRadar.