RiskSpan Chosen “Best Company for Diversity and Inclusion” by WatersTechnology Women In Technology & Data Awards 2022
Diversity, Equity & Inclusion has been a recent focus of RiskSpan as of early 2021, and Managing Director Christabel James has led the effort. She works closely with RiskSpan’s executive team to initiate and build out RSOne DEI strategies. Christabel has established a mentoring program and organized a number of team building events. She is also active in coordinating and attending events geared towards women in finance.
Formal Mentorship Programs
Engagement
Observances
Women’s Employee Resource Group (ERG)
Industry DEI Committees and Events
Training Framework
Christabel James | DEI Lead, RiskSpan
Companies that have implemented intentional diversity, equity, and inclusion (DEI) policies and strategies have not only a great and inclusive corporate culture, but also increased employee retention, productivity, quality of decision making – all of which positively impact the bottom-line.
Building a strong, diverse, and inclusive culture starts with recruitment, the beginning of the employee life cycle.
What does it mean to be inclusive in recruitment? Why is inclusive recruitment important? How can we proactively implement inclusive recruitment practices? Read on to find out how inclusive recruitment cannot only strengthen you DEI policies but be a powerful tool that helps shape the culture, the bottom line, and perceived value of the company.
What is inclusive recruitment?
While it seems like machines are replacing most jobs, people continue to be an organization’s most valuable asset. There is not denying that the quality of a company’s human resources, and their active engagement, continues to drive business performance. Research from Gallup has shown that disengaged employees cost companies $450-to-$550 billion in lost productivity annually. Given, this, recruitment is the first step to attracting bright and diverse talent, encouraging not only diversity but also increased engagement and inclusiveness.
Inclusive recruitment recognizes that diverse talent exists and employs practical, intentional tools to not only attract, but also level the playing field for this talent and in the process removes unconscious biases and discriminations that plague traditional processes. Inclusive recruitment ensures that candidates are hired based on their skills, abilities, and expertise, and not based on their characteristics or background.
Why is inclusive recruitment important?
It’s no surprise that hiring a diverse workforce that brings in potentially diverse thought leadership is critical in today’s competitive business landscape. While companies are bound by law to treat every candidate equally, what is also important for businesses is the impact that their corporate culture has on the branding of their organization. A company whose culture emphasizes diversity and inclusion signals greater acceptance of diverse talent, thereby attracting a larger, more diverse talent pool, all of which positively impact not only the company’s bottom-line, but also, its reputation. According to Pew Research Center, millennials are the largest generation in the US workforce and in a research by the Read More
Mortgage analytics firm RiskSpan has collaborated with Verisk to create a first-of-its-kind solution for measuring and mitigating the risks of climate change to the housing finance industry. The collaboration unites RiskSpan’s Edge Platform for mortgage analytics with Verisk Extreme Event Solutions’ proven set of models — relied on by leading insurance, re-insurance, corporate and government entities, to assess the risk from natural catastrophes and climate to a given location by providing a property-specific hazard risk metric.
“Verisk’s ground-up approach to property-specific risk analysis is the perfect complement to our loan-level approach to mortgage credit and prepayment modeling,” said Janet Jozwik, the managing director heading up RiskSpan’s contribution to the new partnership. “We are excited to layer Verisk’s unique property risk scoring into our existing credit and portfolio risk framework.”
“Our collaboration with RiskSpan will serve to greatly benefit the housing finance industry by adding critical data and analytics from Verisk’s catastrophe models during the loan screening process,” observed Roger Grenier, senior vice president of Verisk’s global resilience practice. “This added layer of portfolio management can help banks and financial institutions better understand the potential risk from extreme weather events to a given property.”
The risk to the housing finance industry from extreme events is significant. According to Verisk, 62 million residential locations are at moderate to extreme risk of flooding alone.
“We are thrilled to bring the powerful climate and hazard risk analytics of Verisk to our clients,” said Bernadette Kogler, chief executive officer, RiskSpan. “This alliance opens the door to a world of property-level data from the insurance industry that can have tremendous value for applications in the mortgage space.”
“The collaborative solution will bring together the best extreme event models, data and climate analytics to the mortgage finance industry,” concluded Bill Churney, president, Verisk’s Extreme Event Solutions unit. “With financial institutions facing increased pressure to factor climate risk into their decision making, we expect RiskSpan’s enhanced tools powered by Verisk to be a welcome addition to their risk management process.”
The collaboration offers two complementary products, including loan-level scoring and climate stress testing, with applications for loan screening, portfolio management, and financial disclosures.
About RiskSpan
RiskSpan offers end-to-end solutions for data management, risk management analytics, and visualization on a highly secure, fast, and fully scalable platform that has earned the trust of the industry’s largest firms. Combining the strength of subject matter experts, quantitative analysts, and technologists, RiskSpan’s Edge Platform integrates a range of data-sets – structured and unstructured – and off-the-shelf analytical tools to provide you with powerful insights and a competitive advantage. Learn more at www.riskspan.com.
About Extreme Event Solutions at Verisk
Extreme event solutions at Verisk (formerly AIR Worldwide) provides risk modeling solutions that help individuals, businesses, and society become more resilient to extreme events. In 1987, Verisk founded the catastrophe modeling industry and today models the risk from natural catastrophes, supply chain disruptions, terrorism, pandemics, casualty catastrophes, and cyber incidents. Insurance, reinsurance, financial, corporate, and government clients rely on Verisk’s advanced science, software, and consulting services for catastrophe risk management, insurance-linked securities, longevity modeling, site-specific engineering analyses, and agricultural risk management. Verisk’s extreme event solutions team is headquartered in Boston, with additional offices in North America, Europe, and Asia. For more information, please visit www.air-worldwide.com. For more information about Verisk, a leading data analytics provider serving customers in insurance, energy and specialized markets, and financial services, please visit www.verisk.com.
RiskSpan’s Edge Platform, a leading
provider of risk analytics, data, and behavioral modeling to the structured finance industry, is the “Risk as a Service” category winner for the second consecutive year in Chartis Research’s prestigious RiskTech100® ranking of the world’s 100 top risk technology firms.
The win accompanies a 12-point improvement in RiskSpan’s overall ranking, placing the firm among the year’s most significant movers.
“RiskSpan’s continued growth and ongoing partnership strategy have made it one of the big risers in the rankings this year,” said Phil Mackenzie, Research Principal at Chartis Research. “Its strength in securitization and analytics as a service is reflected in its 12-point jump.”
Licensed by some of the largest asset managers, broker/dealers, hedge funds, mortgage REITs and insurance companies in the U.S., Edge is a one-stop shop for research, analytics, pricing, risk metrics, and reporting. Edge’s cloud-native infrastructure scales as individual client needs change and is supported by RiskSpan’s unparalleled team of mortgage and structured finance experts.
“This year’s award reflects a year marked by an unprecedented wave of enhancements to our risk platform, noted Bernadette Kogler, RiskSpan’s co-founder and CEO. “Our loan-level analytics has been a hit, while our fully managed risk option continues to tailor scalable offerings to individual client needs. Our best-in-class portfolio analytics for structured products are fast becoming the talk of the industry.”
About RiskSpan
RiskSpan offers end-to-end solutions for data management, risk analytics, and visualization on a highly secure, fast, and fully scalable, cloud-native platform that has earned the trust of the mortgage and structured finance industry’s largest firms. Combining the strength of subject matter experts, quantitative analysts, and technologists, RiskSpan’s Edge Platform integrates a range of datasets – structured and unstructured – and off-the-shelf analytical tools providing users with powerful insights and a competitive advantage. Learn more at www.riskspan.com.
About Chartis Research:
Chartis Research is the leading provider of research and analysis on the global market for risk technology. It is part of Infopro Digital, which owns market-leading brands such as Risk and WatersTechnology. Chartis’ goal is to support enterprises as they drive business performance through improved risk management, corporate governance and compliance, and to help clients make informed technology and business decisions by providing in-depth analysis and actionable advice on virtually all aspects of risk technology.
RiskSpan, a leading provider of data and analytics solutions to the mortgage industry, has announced a partnership with Arete Risk Advisors, LLC, to complement RiskSpan’s existing team of data science, modeling, and financial engineering consultants. A woman-owned firm boasting a deep bench of experienced housing finance professionals, Arete delivers unparalleled expertise in applying operations, information technology, governance, risk management, and internal controls best practices to every aspect of home lending. Arete is led by managing partner Patricia Black, an industry-leading executive in home lending. Prior to founding Arete, Patricia served as Fannie Mae’s Chief Audit Executive, Chief of Staff at Caliber Home Loans, the Head of Sales and Operations at SoFi, and a Senior Manager at KPMG Consulting/BearingPoint. “I’m very excited to be involved with a growing woman-owned business while simultaneously expanding our own advisory offering,” said Bernadette Kogler, Co-Founder and CEO of RiskSpan. “Arete’s emphasis on delivering top-qualify mortgage compliance, controls, governance, and operations services creates a natural synergy with RiskSpan’s data and modeling capabilities. This partnership promises to benefit clients of both firms.” Patricia Black added, “the opportunity to grow with Bernadette and the RiskSpan team to expand women-owned businesses in the home lending space is inspiring and I am excited about contributing to the continued success of Bernadette and her team.” Learn more about Arete’s range of services at www.areteriskadvisors.com. Questions about the firm may be directed to info@areteriskadvisors.com. About RiskSpan RiskSpan offers end-to-end solutions for data management, risk analytics, and visualization on a highly secure, fast, and fully scalable, cloud-native platform that has earned the trust of the mortgage and structured finance industry’s largest firms. Combining the strength of subject matter experts, quantitative analysts, and technologists, RiskSpan’s Edge Platform integrates a range of datasets – structured and unstructured – and off-the-shelf analytical tools providing users with powerful insights and a competitive advantage. Learn more at www.riskspan.com.
2021 is off to a great start, but the Edge Team is not resting on its laurels.On the heels of a year that saw more than a 30 percent increase in Edge subscribers, including a doubling of Agency Module users, we continue to add more of the Ginnie and GSE data you need.
For example:
Loans with a principal deferral pay more slowly than loans without them when faced with the same refinancing incentive.
But how much more slowly?
Edge lets you quantify the difference, so you can adjust your models accordingly.
For the third consecutive year, RiskSpan is a winner of HousingWire’s prestigious annual HW Tech100 Mortgage award, recognizing the most innovative technology companies in the housing economy.
The recognition is the latest in a parade of 2021 wins for the data and analytics firm whose unique blend of tech and talent enables traders and portfolio managers to transact quickly and intelligently to find opportunities. RiskSpan’s comprehensive solution also provides risk managers access to modeling capabilities and seamless access to the timely data they need to do their jobs effectively.
“I’ve been involved in choosing Tech100 winners since we started the program in 2014, and every year it manages to get more competitive,” HousingWire Editor and Chief Sarah Wheeler said. “These companies are truly leading the way to a more innovative housing market!”
Other major awards collected by RiskSpan and its flagship Edge Platform in 2021 include winning Chartis Research’s “Risk as a Service” category and being named “Buy-side Market Risk Management Product of the Year” by Risk.net.
RiskSpan’s cloud-native Edge platform is valued by users seeking to run structured products analytics fast and granularly. It provides a one-stop shop for models and analytics that previously had to be purchased from multiple vendors. The platform is supported by a first-rate team, most of whom come from industry and have walked in the shoes of our clients.
“After the uncertainty and unpredictability of last year, we expected a greater adoption of technology. However, these 100 real estate and mortgage companies took digital disruption to a whole new level and propelled a complete digital revolution, leaving a digital legacy that will impact borrowers, clients and companies for years to come,” said Brena Nath, HousingWire’s HW+ Managing Editor. ”Knowing what these companies were able to navigate and overcome, we’re excited to announce this year’s list of the most innovative technology companies serving the mortgage and real estate industries.”
Get in touch with us to explore why RiskSpan is a best-in-class partner for data and analytics in mortgage and structured finance.
HousingWire is the most influential source of news and information for the U.S. mortgage and housing markets. Built on a foundation of independent and original journalism, HousingWire reaches over 60,000 newsletter subscribers daily and over 1.0 million unique visitors each month. Our audience of mortgage, real estate and fintech professionals rely on us to Move Markets Forward. Visit www.housingwire.com or www.solutions.housingwire.com to learn more
ARLINGTON, Va., November 19, 2020 – RiskSpan’s EDGE Platform has been named the “Risk-as-a-Service” Category Winner for 2021 in Chartis Research’s prestigious RiskTech100 Rankings. In winning the RaaS category, RiskSpan edged out strong competing offerings from many other long-established risk service providers.
The award caps a successful year for RiskSpan and the EDGE Platform, which underwent a number of key enhancements and, notwithstanding the pandemic, has experienced a 29 percent increase in its subscriber base since the start of 2020.
EDGE is an end-to-end, cloud-native platform leveraging mortgage and other structured finance data, modeling, and application layers to allow information to seamlessly flow across products while being securely accessible anytime and anywhere. The Risk Service’s data, insights, and reports are available via the website, integrated via an API, or ingested and distributed as part of a fully managed service.
“The Risk-as-a-Service award was especially competitive this year with many strong offerings,” observed Mark Feeley, Chartis Global Brand Director. “The RiskSpan EDGE solution’s ability to scale and deliver via the cloud is reflected in its category win.”
“We are honored to receive this recognition,” noted Bernadette Kogler, RiskSpan’s co-founder and CEO. “I am proud of our design and development teams who have worked tirelessly through challenging circumstances to continuously enhance EDGE’s Risk component for our expanding community of client users.”
About RiskSpan
RiskSpan offers end-to-end solutions for data management, risk management analytics, and visualization on a highly secure, fast, and fully scalable platform that has earned the trust of the industry’s largest firms. Combining the strength of subject matter experts, quantitative analysts, and technologists, RiskSpan’s EDGE platform integrates a range of data-sets–including both structured and unstructured–and off-the-shelf analytical tools to provide you with powerful insights and a competitive advantage. Learn more at www.riskspan.com.
Media Contact
Timothy Willis
Email: twillis@riskspan.com
