CMRA has been at the forefront of the development of best practices in risk, establishing standards and criteria for the implementation of policies and procedures.

Effective risk management across an enterprise requires precise quantification of risk using state-of-the-art modeling, qualitative assessment of risks that cannot be fully quantified, and an effective governance, oversight and escalation structure.

Risk organizations increasingly report to a CRO who is integrated into business strategy, but the most effective Enterprise Risk Management programs are customized to the individual institution rather than imposed as a single standard model.

CMRA’s approach combines practical experience with analytically robust risk measurement. Experience gained from diagnosing and remediating financial-sector failures informs our proactive risk-management work.

CMRA’s seasoned experts combine decades of direct capital-markets experience, strong academic credentials, and experience navigating direct testimony and cross-examination.

CMRA provides expert reports and testimony addressing liability, damages, valuation, market practice and other issues in complex financial litigation. Our work emphasizes clear, independent and well-supported analysis.

CMRA’s principals have experience on both sides of the regulatory table. We work with financial institutions to assess facts related to regulatory inquiries and also help regulators navigate complex issues involving trading, market structure and market practice.

Our regulatory work has included matters involving:

• Derivatives across rates, credit, FX, equity and commodities
• Asset-backed securities and mortgage-related assets
• Treasuries and corporate bonds
• Structured products

CMRA provides independent risk advisory services to Boards of Directors, including:

• Independent oversight of management’s risk function
• Construction and review of Risk Appetite Statements
• Review of risk governance, organizational structure, reporting and the role of the Chief Risk Officer
• Review and development of Risk Policies
• Board education and risk training
• Best practices in linking risk and compensation

CMRA’s team draws on years of experience conducting due diligence on alternative investment managers and M&A opportunities. We advise clients seeking to deploy capital and investment funds seeking to benchmark and improve their practices.

Our expertise in derivatives, structured products and other complex asset classes allows us to assess a broad range of equity, fixed-income and hybrid investment strategies.