On Thursday 4 July, MDP hosted the first in a new series of lunch time events at its central London offices, on the topic of Analytics and Automation. The event was also broadcast as a live webinar (see below for the recording).
This first lunch-time event highlighted some of the challenges exposed in our recent survey conducted in collaboration with the Actuarial Post and how to use effective input controls to help reduce risk. Guest speakers Roger Austin and Ricky Maloney discussed expert judgement and a single inventory view for global derivative exposure. Daniel de Bruin, Managing Partner at MDP highlighted the benefits of Process Automation, and how SolveXia can be used to reduce the risk of input error.
A total of 36 people attended the event, in person and via webinar. We had attendees flying in from Amsterdam and Edinburgh to join us for the lunch event. The webinar also reached a wide audience with people joining from as far afield as Sydney, Johannesburg and Zurich.
Feedback:
David Hughes (attended via webinar)
“I was impressed with the way the event was run and I thought the webinar was very smart, audio/video worked very well.”
Josh Waters FIA CERA (attended in person)
“Modelling Design Partners’ first lunchtime event was well located, well attended and fast paced. At the first event, there were three speakers. Daniel De Bruin highlighted that Actuaries tend to be dissatisfied with the time spent running manual processes even though they are happy with the reliability of their computers. Roger Austin recommended an assessment process for expert judgements which should include a plausible range of judgements and be recorded in a central register. Ricky Maloney gave a historical discussion of the impact of the credit crisis on global derivatives regulation and called on the audience to fill the market need for an automated derivatives trade reporting IT system. I look forward to the next session. I particularly enjoyed Daniel De Bruin’s explanation of the Monte Hall playing pigeons!”
If you missed the webinar, or would like to revisit one of the discussions, the full video of the webinar is available to watch on our YouTube channel:
Speakers:
Daniel de Bruin, Managing Partner, Modelling Design Partners
Daniel is the managing partner at MDP. He has extensive experience in software development and financial modelling, and works on actuarial, process automation and data analytics projects for large corporations and financial companies within Europe, Australia and Africa. He has over 15 years experience implementing financial models and working on modelling projects for large multi-national organisations, including Munich-Re, ING, Towers Watson, Santander and the Phoenix Group. MDP is a boutique software consultancy with offices in London, Edinburgh and Johannesburg.
Roger Austin, Partner, APR LLP & Deputy Chair, IFoA Solvency II Research Group
Roger founded Austin Professional Resourcing LLP in 2006, an actuarial resourcing and documentation consultancy business which now employs 19 staff. He qualified as an actuary in 1994, and prior to setting up APR, held senior positions within a large outsourcing company, with significant experience of regulatory compliance, documentation and quality management, helping that firm win the Sunday Times Profit Track 100 award. He has presented at many actuarial conferences and chaired the Actuarial Profession’s Solvency II Research Group when it delivered its widely respected paper on the practical challenges of Solvency II.
Ricky Maloney, Independent Consultant, OTC Clearing
Ricky is the Head of Service Delivery at a large UK asset manager, and has extensive experience in treasury processing, OTC derivative clearing, collateral management and regulatory compliance. He has presented on OTC Clearing and Collateral Management panels for JP Morgan, Rule Financial, Risk Magazine and Deriv Source, as well as having been quoted in The Economist’s Business Intelligence Unit publication and several issues of Risk Magazine. Ricky has been invited to present at King’s College, Cambridge University in September.
