CEO Monthly Issue 10 2018

26 CEO MONTHLY / ISSUE 10 2018 , Rhisco Solutions is a technology and consulting firm that provides solutions and services on risk and capital management for banks, insurers and other financial institutions. In September, Rhisco’s CEO, ElizabethMarvan, was recognised among the winners of CEO MonthlyMagazine’s esteemed 2018 CEO of the Year programme with the title of Financial Technology CEO of the Year. On the back of this, we spoke to Elizabeth to see how she has utilised technology for their risk offering in this digital-first age. Pioneering Technology for the Future of Risk Management in Modern Finance Since its establishment in 2010, Rhisco has thrived in an industry that, while perhaps understated, plays a vital role on the global financial landscape. Comprehensive risk management strategies are no longer a luxury, but an essential tool for growth, and a weapon against an often-volatile economic market. Luckily, the rise of technological developments has offered an opportunity for companies to capitalise on a consumer demand for efficiency and a guiding hand through increasingly stringent regulatory concerns. In this, Rhisco have firmly established themselves as the go-to experts, harnessing cutting-edge technology to give their clients a head start on their competitors, and a robust platform for enduring success. Elizabeth starts the interview by offering an overview of Rhisco’s operations and industry. “The company was created in 2010 in London and, since 2014, we established a subsidiary in Mexico City. This year, we are opening operations in Sao Paulo. From the start, we have been delivering projects in those regions, and also supporting North American and African clients who also do business in Europe. We operate in an international and yet niche market, serving mostly CROs, CFOs, Business Heads and CTOs from large and medium companies. The majority of our projects have come from our own professional network, or word of mouth and recommendations from the people that we have worked with. Our business grows organically: typically, once we do a project for a new client, the client wants to keep our services, and we expand our services into resolving other related problems they have. Our typical first project with a new client is the integration of third-party risk or credit process technology, which may be accompanied with designing financial models and/or bespoke development to complement third- party or internal components. In some other projects we manage a whole regulatory transformation for our clients. More recently, we have engaged intensively into the technology innovation world: Early this year we have completed and launched TEGRA ® , our data management, integration and aggregation platform for risk and capital management, that has been designed to address challenges like the ones derived from FRTB on large number of on-demand and historic simulations for multiple analyses. And we are also working with business partners in new solutions using graph analytics that we will be piloting with a client very soon.” In her role as CEO, Elizabeth is responsible for driving global strategy, business development and sourcing new markets for the continued expansion of the firm. “My ultimate responsibility it to ensure that Rhisco continues growing and is consistently profitable, and that we continue attracting very smart people.” “I am very hands-on, and I like to get involved in the services we provide to clients, as I like to guide through my actions. I do my best to be congruent with my values, which I reflect into the company, and I demonstrate commitment to our client service. I have a very forthcoming respectful approach when building relationships with my collaborators, our clients and our partners. I strongly believe in transparency and respect, and with me you get what you see. I encourage my team to commit to realistic deliverables and to do their best to go beyond client expectations.” “The path to become a CEO varies, but once you are there, you should not forget that your decisions not only impact your career, or the revenue and profitability of your company. 1810CE11