ALM remains the most important aspect of your risk management framework. But to maintain viability and a sustainable balance sheet, today's FIs need to move from a traditional reactive ALM approach to a more proactive, integrated management framework. Is there a simpler way to seamlessly integrate both sides of your balance sheet to more effectively manage your interest rate, market, and liquidity risk?
With ProfitStars ALM – the financial industry's leading financial management tool in a newly hosted form – you'll get a strategic approach to managing risk by closely integrating your institution's initiatives with your ALM program. You can easily track "what-if" scenarios with strategic monitors that automatically create audit trails, analyze market risk in response to interest rate risk regulatory requirements, determine accurate values for FAS107 reporting, and create detailed, summary, and variance finance and budget reports.
Your time is limited. But now you can select from proven outsourced services – designed by experts who understand your business – and free up your organization’s time to focus on other priorities. ALM Reporting Service helps you with tasks like the initial review of model settings, maintenance of the chart of accounts, running download files each month, balancing history, maturity/re-pricing, and much more.
Additional administrative service options include:
Like other new regulatory requirements, a common approach to implementing the Current Expected Credit Loss (CECL) standard is to find the simplest and lowest-cost method to show compliance. With CECL DataStore and Validation, you can meet regulatory requirements by verifying that all required data elements to calculate CECL loss amounts are available and the critical information is accessible in a controlled environment.
The new CECL standard for estimating loan loss reserves offers vague guidelines and a list of possibilities, but no specific recommendations for how to best implement the rules. When you choose CECL Analysis and Reporting, you gain an all-inclusive solution with the flexibility to begin with a simple method and easily adapt to a more sophisticated method as your portfolio becomes more complex.