Regulatory Change Delivery
Regulatory change arrives as legal text, but it has to become ownership, controls, data, reporting and evidence inside the business.
Risk & Compliance
Market, Credit & Liquidity Risk
Risk measurement the desk and the risk function can both stand behind.
Overview
Risk measurement is only useful when it arrives on time, reconciles to the front office and ties to appetite. When sensitivities arrive late, limits sit in spreadsheets, or the risk system and trading system disagree, the desk stops relying on the official numbers.
Capmark helps banks, energy traders and commodity desks deliver risk measurement that holds under stress. We work across VaR, sensitivities, stress testing, counterparty exposure, liquidity risk, limit frameworks, data pipelines and the platforms that produce numbers the desk and risk function can both stand behind.
Our people have worked inside Tier 1 markets and risk environments, with experience across Calypso, Murex, intraday risk pipelines, capital change and regulatory reporting. Engagements are senior-led from the first reconciliation to final sign-off.
What we do
We deliver the market, credit and liquidity risk measurement stack, including VaR, sensitivities, stressed measures, counterparty exposure and limit utilisation. Reconciliation to the front office is built in from the start, so risk numbers arrive on time and agree with the systems they describe.
We build, recalibrate and document pricing and risk models, and establish the governance around them: inventory, validation standards, performance monitoring and review cadence. Where independence matters, build and validation are separated.
We industrialise stress testing from scenario definition through calculation, review and sign-off. Internal and regulatory exercises run from controlled infrastructure, with reverse stress testing and evidence prepared for committee or supervisory review.
We implement and rebuild the data pipeline that feeds risk: positions, prices, curves, reference data, intraday updates and completeness controls. The aim is simple: positions, prices and risk reconcile across the trading and risk stack.
We deliver capital and market-risk change as operating change: data sourcing, calculation logic, impact analysis, reporting, controls and desk-level evidence. Basel 3.1 and FRTB-related change are sequenced with parallel running, governance and sign-off built into the plan.
We design market, credit and liquidity risk frameworks for energy and commodity traders, including volumetric risk, basis risk, long-dated physical exposures, margining, collateral and exchange or bilateral limits.
What to expect
A Senior Practitioner leads from day one. The first weeks reconcile what the risk system reports against what the trading system holds, and test how quickly a limit breach reaches someone who can act.
We then design the target framework with the CRO and the desk together, deliver the platform and data change behind it, and evidence the result to risk governance.
Engagements range from framework review and target design to full platform, data and reporting delivery.
Sequenced through framework review and design; platform and data delivery is scoped by estate.
01
Assess
Establish the current state, the constraints, the risks and the value at stake.
02
Define
Shape the target model and the business case with the executives who own the outcome.
03
Mobilise
Stand up the team, the plan and the governance around the outcome.
04
Implement
Design, build and test the change, with the business alongside.
05
Sustain
Cutover, hypercare and handover, so the business runs it under its own control.
The same five stages on every engagement, led by senior practitioners end to end. How we work
Client result
Proven in the work, not the pitch.
Capital Markets · Regulatory Transformation
MiFID II trading controls and infrastructure across six asset classes
Leading Investment Bank · Equities, Derivatives, Commodities, FX, Credit & Rates
We helped deliver trading controls and market infrastructure change across algorithmic trading, direct electronic access, market making, clearing, surveillance and best execution.
- 80+
- Venues retained
- $50bn+
- Cleared derivatives volume
- Lower
- Compliance overhead
- Reduced
- Surveillance false positives
Read the case study
Insights
Related thinking.
Get in touch
Talk to a Partner about Market, Credit & Liquidity Risk.
Tell us what needs to change and where the pressure or risk is showing.