Welcome to

Auriscon

Our consulting provides real world solutions and effective advisory.

Services

provided by Auriscon

cover multiple service areas, including Technical Audit and Risk Analytics.

Solutions

from Auriscon

are rooted in subject matter expertise, with coverage of Financial Regulation, Risk Methodologies and Technology.

Our approach

combines holistic agendas and subject matter expertise

achieved through experience and supported by a strong analytical and technical background.

System Dynamics was developed as a method for analyzing complex dynamical systems in the context of economy and social sciences with the aim to understand how and when systems and policies produce an unexpected outcome. The approach is focusing on certain aspects of reality by identifying constraints on any targeted outcome, time and reliability. The System Dynamics method zooms into relevant aspects of systems' behaviour and is thereby providing a useful method to support decision making processes. Applications of System Dynamics exist in multiple fields, namely project, risk and policy management as well as product development. 

  

Enabled through advances in Information Technology (IT), Artifical Intelligence (AI) and Machine Learning (ML) finds applications across mulltiple areas of Finance. Today, the availability of machines and algorithms specialised in learning and decision making from data make applications possible that draw insight from complex and high dimensional data. The calibration of these algorithms typically takes large number of parameter and model configurations into account. This leads to the unique machine learning approach to calibrations enabling to build robust models with adaption to the most recent information and data.     

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Consulting Service

Methods

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R for Stat.Comp.
MS Office
System Dynamics
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Models
Processes
Risk Analysis
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Methods & Data
Business Processes
Validation
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Model Design
Governance
Processes
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Regulatory
Policies, Governance

Projects & Clients

Supporting Model Risk Audit function on technical auditing pertaining to model risk aspects across global businesses and functions.

2021-2025, HSBC, London HQ

Advising regional Audit function on thematic aspects pertaining to the Validation of Models used for Securities Pricing and Risk Measurement. 

2022, Japanese Investment Bank, London

Suitability assessment of Scotia Bank Market and Credit Risk models for for use in local Irish / UK subsidiaries

2021, Scotia, Ireland

Model Development and advisory on thematic aspecs concerning Default Risk Charge and Default Risk in the Trading book

2019-2020, UBS, Zurich

Model Development of Stress Testing Models

2018, Consultancy, London

Supporting Model Risk Audit function on Traded Risk and Country Risk related Audits

2017, HSBC, London

Project on Targeted Review of Internal Models in Central Bank

2017, Central Bank, Frankfurt

Supporting Model Risk Audit function on Retail, Wholesale Credit and Traded Risk related Audits

2015-2016, HSBC, London

Validating Retail Credit Risk models for FinTech Company

2015, ZenCap, Berlin