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Jack Ryan

jack-r
Our Feature Spotlight
Jack Ryan
Data Analyst
“There is an openness to new ideas that I really appreciate. From a development perspective, there is always a push to take advantage of new technologies and a willingness to listen to new perspectives.”

What does your role at RiskSpan entail?
I work on the product side with the development team and help to build new features and improve existing features the Edge Platform. I also support some of our larger client contracts which require more long-term and custom maintenance. I work alongside some of these clients that have custom requirements and help implement custom solutions based on their feedback. These custom solutions become permanent Edge Platform features when they are found to be relevant to other clients and prospective clients. A large part of my work has been related to ETL, enhancing our process for extracting and cleaning client data, enabling more client input and visibility to the ETL process and, more recently, streamlining our ETL process to facilitate a faster setup for future clients.

What 3 words best describe RiskSpan?
Dynamic. Enterprising. Pioneering.

What are your favorite hobbies?
I play guitar and bass and listen to lots of music. I’m a Liverpool FC, Ohio State football, and Washington Capitals fan and like to go to as many Caps games as I can.

What is one thing on your Bucket List?
See a Liverpool game at Anfield

What do you like about RiskSpan’s culture?
There is an openness to new ideas that I really appreciate. From a development perspective, there is always a push to take advantage of new technologies and a willingness to listen to new perspectives.

Which of the firm’s values resonate with you the most?
I like that RiskSpan is an inclusive space where everyone’s input is valued.

Describe how you’ve grown professionally since you started working at RiskSpan
At RiskSpan I have had the opportunity to work on nearly all stages of large analytics projects and deepen my understanding of what it takes to develop and maintain an enterprise analytics platform. I have been able to grow my abilities as both a software engineer and data analyst and learn new tools that are on the cutting edge of the industry.


Kriti Asrani

Our Feature Spotlight
Kriti Asrani
Data Analyst
“Kriti routinely earns high praise from clients. One recently observed that she “is truly transforming the capital forecasting process.”

This month, we spotlight Kriti Asrani, a talented data analyst who joined RiskSpan in May 2021.

Kriti routinely earns high praise from clients. One recently observed that she “is truly transforming the capital forecasting process.”

In addition to her outstanding client work, Kriti has given herself to social outreach, helping to spearhead RiskSpan’s inaugural event “Women Empowering Women.” Kriti also routinely meets with colleagues outside of work hours and is an advocate for the firm’s DEI initiatives.

Kriti has been instrumental in helping with new employee onboarding, going above and beyond to welcome new RiskSpan colleagues. She consistently lends her time to improving RiskSpan operations, creating job aids for new employees and building data processing pipelines using Apache Airflow and Snowflake. She has also been helping our firm develop a custom Hours Tracking utility that assists consulting professionals seeking to manage their working hours more efficiently.

We are delighted to have Kriti on our team!


Togo Traore

Our Feature Spotlight
Togo Traore
Manager
“My family. Honestly, knowing that people are counting on me, and have high hopes on me, motivates me to come to work and give my best every day.“

Tell us about your Role in RiskSpan and the team you work with.
“I am a Manager of Model Validation, and my day-to-day activities are writing proposals, reaching out to clients, new and former to propose services, and manage /oversee validation projects’ execution. I am in a team of 7, all with strong quantitative background and they all have at least a master’s degree. I report directly to the COO and Head of Consulting.”

What is most exciting about the work you do at RiskSpan?
“The most exciting thing about my work at RS is the exposure. I get to work with all size of banks and financial companies and all types of models.”

Togo Family

What does Black History Month mean to you?
“BHM means remembering people who have paved the way for us to be where we are today and to do more for the next generation. I am really proud to have obtained my master’s degree from Tuskegee University and experience the HBCU culture and feeling.”

Who is a person in black history that has shaped your professional career?
“A person in Black History that has shaped my life rather than my professional career is Nelson Mandela because of his courage, and determination to face challenges and change them.”

What motivates you to come to work each day?
“My family. Honestly, knowing that people are counting on me, and have high hopes on me, motivates me to come to work and give my best every day.“

What is something you love about your black culture/heritage and would like to share with your colleagues?
“For me it will be the Culture especially the authenticity of African Culture such as the clothing,dances, rituals and food.”

What is your favorite quote or mantra?
“My favorite quote is: “Pain is temporary. Quitting lasts forever.” By Lance Armstrong.”

What would be your advice to young black men wanting to join this industry?
I strongly encourage young black men to join the industry because it is rewarding. All they need is the right mindset and skills (quantitative skills such as data science, analytics and statistics). Also, I would encourage them to seek mentorship because it is very important.

Lastly, if you had a superpower, what would it be and what would you first use it for?
If I had one superpower it would be the one to stop all war and bring peace to the world.


Ibin Qawwee

Our Feature Spotlight
Ibin Qawwee
Corporate IT
“The most notable Greek minds came to Africa to be educated, and that the pyramids were so divinely constructed that they think aliens built them!”

Continuing with our Black History Month Celebrations, today we turn the spotlight on Ibin Qawwee!

Ibin is well known within the firm and if you are new to RiskSpan, he’s probably one of the first faces that welcomed you! Thank you Ibin for sharing your story, your motivations and perspectives!

Tell us about your Role in RiskSpan and the team you work with.
“I am part of the IT team. My role is focused on Corporate IT.”

What is most exciting about the work you do at RiskSpan?
“No two days are the same, and technology is evolving constantly.”

Ibin

What does Black History Month mean to you?
“Black History is American History and should be included in school curriculum, not celebrated for a month.”

Who is a person in black history that has shaped your professional career?
“I stand on the shoulders of all those before me who fought and were imprisoned, or worse, to ensure I would be afforded the same opportunities as the privileged people of this country.”

“I would like to highlight my family for shaping me into the person I am today. I had the advantage of being the youngest child, which gave me the unique opportunity to watch the struggles of my older siblings so I would not make the same mistakes.”

What motivates you to come to work each day?
“My motivation to work each day is knowing my value to my colleagues. I am a one-man team, so my best ability is availability.”

What is something you love about your black culture/heritage and would like to share with your colleagues?
“The most notable Greek minds came to Africa to be educated, and that the pyramids were so divinely constructed that they think aliens built them!”

What would be your advice to young black men wanting to join this industry?
“My advice to anyone considering IT would be to keep your skills current. This industry moves fast.”

If you had a superpower, what would it be and what would you first use it for?
“My superpower would be ‘Instant relaxation’. Anytime people get emotional or tense I would calm them down. Better outcomes are achieved when everyone has a clear mind.”

Lastly, what is your favorite quote or mantra?
“Greatness comes with adversity!”


Aminah Ambakisye

Our Feature Spotlight
Aminah Ambakisye
Associate Analyst
“The most exciting thing about the work I do at RiskSpan is that I get to work with different models for every project.”

Black History Month is a time to honor and celebrate the achievements of African Americans, recognize their role in U.S. history and reflect on the continued struggle for racial justice. RiskSpan is joining the celebrations in featuring some of our own members, their stories and perspectives. At RiskSpan, we welcome individuals from different backgrounds, experiences and opinions and are committed to an inclusive and diverse workplace in which all individuals are treated with dignity and respect.

Our first feature spotlight is on Aminah Ambakisye. In her own words, learn about her role, her motivations, and how her grandmom impacted her professional aspirations.

Tell us about your Role in RiskSpan and the team you work with.
“I work on the MRM team. I am one of the associate analysts on the team.”

What is most exciting about the work you do at RiskSpan?
“The most exciting thing about the work I do at RiskSpan is that I get to work with different models for every project.”

aminah

Who is a person in black history that has shaped your professional career?
“Growing up I did not know about very many famous black people outside of sports. I only learned after my Grandmother died what she did for her career. My Grandmother was one of the black female employees at NASA that helped with the space program to put a man on the moon. When I learned this, I also learned my Grandmother valued education and believed was the most important thing in life. My Grandmother died when I was young, but I always wanted to make her proud of me, so I decided at a young age I wanted to go to college to make her proud. While in college is when I discovered what type of career I wanted to have. Although my Grandmother did not directly shape my professional career, she did have an impact on it.”

What motivates you to come to work each day?
“I would like to get better at my job which is why I come to work every day.”

What is something you love about your black culture/heritage and would like to share with your colleagues?
“Something I enjoy about my black culture is the music.”

What is your favorite quote or mantra?
“A quote I like is “Never be limited by other people’s limited imaginations.” – Dr. Mae Jemison.”

What would be your advice to young black women wanting to join this industry?
“My advice for young black women wanting to join this industry is that they should take their schooling very seriously.”

Lastly, if you had a superpower, what would it be and what would you first use it for?
“I would choose teleportation and travel the world.”


Duration Risk: Daily Interest Rate Risk Management and Hedging Now Indispensable

The rapid decline of Silicon Valley Bank and Signature Bank affirms the strong need for daily interest rate risk measurement and hedging. All financial institutions should have well documented management and board limits on these exposures.

Measuring risk on complex mortgage-backed securities and loan portfolios that have embedded prepayment and credit risk is challenging. RiskSpan has a one-stop risk measurement solution for all mortgage-backed securities, structured product, loan and other related assets including data management, proprietary models and risk reporting.

Our bank clients enjoy the benefit of daily risk measurement to ensure they are well-hedged in this volatile market environment.

For a limited time, under full non-disclosure, RiskSpan will offer a one-time analysis on your securities portfolio.

Please reach out if we can help your institution more fully understand the market risk in your portfolios.

AssetLiabilityRpt

There are many lessons to learn through the SVB failure. While technology (the internet) enabled the fastest run on a bank in US history, technology can also be the solution. As we just saw US Government securities are risk-free for credit but not interest rate movements. When rates rose, security prices on the balance sheet of SVB declined in lock-step. All financial institutions (of all sizes) need to act now and deploy modern tech to manage modern risks – this means managing duration risk on a daily basis. It’s no longer acceptable for banks to review this risk monthly or weekly. Solutions exists that are practical, reliable and affordable.


Webinar Recording: An Investor’s Guide to America’s Housing Supply Crisis

Presenters

Amy Cutts

Amy Crews Cutts

President, AC Cutts and Associates and Chief Economist, NACM

michael-neal

Michael Neal

Equity Scholar and 
Principal Research Associate, Urban Institute

Janet Jozwik

Senior Managing Director and Head of Climate Analytics, RiskSpan

Divas Sanwal Photo (3)

Divas Sanwal

Managing Director and Head of Modeling, RiskSpan

Recorded: Wednesday, March 29th

An informative webinar on the nation’s current “out-of-whack” housing supply and what it means for mortgage investors, homeowners, prospective homebuyers, and renters alike!

Housing economists Amy Crews Cutts and Michael Neal join RiskSpan credit and prepayment modelers Janet Jozwik and Divas Sanwal as they explore the factors that contribute to the current housing supply imbalance, including the cost of building, the impact of permits and zoning, and the emergence of the “missing middle.” They discuss how high interest rates and rental prices are incentivizing owners who relocate to hold old on to their old properties and become landlords. They also examine the impact of ADUs, zoning issues, and the availability of renovation financing.

Mortgage loan and security investors will learn about what housing supply means for prepay speeds. The panelists will consider the role of financing in addressing housing supply issues, including the market for low-balance loans and unconventional options like contracts for deed and lease-to-own arrangements.

The panel discusses the evolving housing needs of the population, including the desire to age in place, the challenges posed by multigenerational living arrangements, and the viability of several proposed solutions, including the potential for converting unused commercial properties into housing.



RiskSpan Incorporates Flexible Loan Segmentation into Edge Platform

ARLINGTON, Va., March 3, 2023 — RiskSpan, a leading technology company and the most comprehensive source for data management and analytics for residential mortgage and structured products, has announced the incorporation of Flexible Loan Segmentation functionality into its award-winning Edge Platform.

The new functionality makes Edge the only analytical platform offering users the option of alternating between the speed and convenience of rep-line-level analysis and the unmatched precision of loan-level analytics, depending on the purpose of their analysis.

For years, the cloud-native Edge Platform has stood alone in its ability to offer the computational scale necessary to perform loan-level analyses and fully consider each loan’s individual contribution to a mortgage or MSR portfolio’s cash flows. This level of granularity is of paramount importance when pricing new portfolios, taking property-level considerations into account, and managing tail risks from a credit/servicing cost perspective.

Not every analytical use case justifies the computational cost of a full loan-level analysis, however. For situations where speed requirements dictate the use of rep lines (such as for daily or intra-day hedging needs), the Edge Platform’s new Flexible Loan Segmentation affords users the option to perform valuation and risk analysis at the rep line level.

Analysts, traders and investors take advantage of Edge’s flexible calculation specification to run various rate and HPI scenarios, key rate durations, and other calculation-intensive metrics in an efficient and timely manner. Segment-level results run at both loan and rep line level can be easily compared to assess the impacts of each approach. Individual rep lines are easily rolled up to quickly view results on portfolio subcomponents and on the portfolio as a whole.

Comprehensive details of this and other new capabilities are available by requesting a no-obligation demo at riskspan.com.

This new functionality is the latest in a series of enhancements that further the Edge Platform’s objective of providing frictionless insight to Agency MBS traders and investors, knocking down barriers to efficient, clear and data-driven valuation and risk assessment.

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About RiskSpan, Inc. 

RiskSpan offers cloud-native SaaS analytics for on-demand market risk, credit risk, pricing and trading. With our data science experts and technologists, we are the leader in data as a service and end-to-end solutions for loan-level data management and analytics. Our mission is to be the most trusted and comprehensive source of data and analytics for loans and structured finance investments. Learn more at www.riskspan.com.


Takeaways from SFVegas 2023

The most highly attended conference in recent years brought together leaders from government, capital markets, and tech institutions to discuss the current state and future of the securitization markets.

SFVegas remains the optimal environment for fostering healthy dialogue aimed at making markets more efficient and transparent by creating innovative, new solutions.  RiskSpan is delighted to be engaged in this dialogue.  

Here are our key takeaways from the conference.

Loan Innovation

Sticky inflation and high interest rates are creating a macroeconomic environment that is particularly conducive to bringing new residential mortgage products to market. Market demand for HELOCs and other second-lien products is driving innovation around these offerings and accelerating their acceptance. ARM production is growing rapidly and is at some of the highest levels in over a decade.

Product Innovation is moving forward with both consumers and investors in mind. Consumers are in search of access to better financing while investors seek new ways to participate in these markets.

Technology-Accelerated (R)evolution

Data is driving the dialogue. New scoring tools (FICO10T and Vantage Score 4.0), new ESG-related data and better disclosures are creating a much more transparent investment process

Cloud-native applications continue to make analytics processing cheaper and differentiate how investors and their counterparties seek relative value. Efficiency in data management and analytics separates winner and losers.

Accelerated adoption of AI-driven solutions will drive market operational efficiency in the coming years. The adoption and use cases are just beginning to be uncovered. 

New Investors, New Ideas

New investors are bringing fresh capital to the market with new ideas on how to maximize risk-adjusted returns. Investors backed by private equity are seeking new returns in virtually every category of structured markets: MSRs, BPLs and CLOs. Interest in these classes will only grow in the coming years as more investors seek to maximize returns in private assets.

The international investor community remains strong as global asset allocation is shifting towards the U.S. and fewer opportunities exist in overseas markets


RiskSpan sits at the intersection of all of these trends by helping structured finance investors of every type to leverage technology and data solutions that uncover market opportunities, mitigate risks and deliver new products

Great conference! Get in touch with us to learn more about how RiskSpan help clients simplify, scale, and transform their structured finance analytics!


RiskSpan’s Snowflake Tutorial Series: Ep. 1

Learn how to create a new Snowflake database and upload large loan-level datasets

The first episode of RiskSpan’s Snowflake Tutorial Series has dropped!

This six-minute tutorial succinctly demonstrates how to:

  1. Set up a new Snowflake #database
  2. Use SnowSQL to load large datasets (28 million #mortgage loans in this example)
  3. Use internal staging (without a #cloud provider)

This is this first in what is expected to be a 10-part tutorial series demonstrating how RiskSpan’s Snowflake integration makes mortgage and structured finance analytics easier than ever before.

Future topics will include:

  • Executing complex queries using python functions in Snowflake’s SQL
  • External Tables (accessing data without a database)
  • OLAP vs OLTP and hybrid tables in Snowflake
  • Time Travel functionality, clone and data replication
  • Normalizing data and creating a single materialized view
  • Dynamic tables data concepts in Snowflake
  • Data share
  • Data masking
  • Snowpark: Data analysis (pandas) functionality in Snowflake

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