Risk Management in the financial sector is evolving from being a stand-alone discrete function to becoming an integral part of business sustainability and corporate decision-making. It consequently fundamentally underpins the business and helps management make forward-looking business judgements, thereby providing a more secure and “value generating” environment to stakeholders.

Risk Dynamics delivers management consulting to the global financial services industry through proven expertise, excellence and innovation. Our market leadership lies in assessing the adequacy, reliability, consistency and transparency of risk management tools and practices.

Our client solutions draw upon our extensive and collective experience of working within financial firms, regulators, auditors and in academic research. We strongly believe that our strength lies in the well-balanced diversity of our staff profiles and our ability to draw upon strong synergies between industry practitioners, auditors, regulators and academics.

Functional Practitioners
with proven experience within the business front line and front-line risk management functions of banks, insurance companies and asset management firms. They bring valuable expertise in regulatory and compliance issues confronting the business.

Risk Specialists
who bring a wealth of experience from within firms' group risk functions, the financial practices of major consulting firms or from the supervisory / policy functions within regulators and central banks. These experts are highly skilled in understanding the various dimensions of risk that impact major strategic objectives.

Senior Quantitative Experts
with PhD's in finance, econometrics or statistics from top business schools and universities, who bring pragmatic solutions to complex computational dilemmas through their own applied experience in quantitative modelling in the financial sector.

• Dr. Dominique Bourrat is Managing Director of Risk Dynamics. She holds a PhD in Mathematical Sciences – Nuclear Physics from ULG Belgium and University of Montreal Canada and has over 18 years of extensive experience in the field of risk management applied to the financial world. After having developed mathematical models for the CERN in Geneva, giving rise to international publications, she joined the dealing room of Paribas to develop risk management and hedging models in the derivatives market. She then enriched her skills at INSEAD before joining MasterCard to set up and manage its European Risk Management centre. Later, she led Fortis’ cross-risk modelling department towards Basel II compliance. As a founder of Risk Dynamics and industry expert, she now focuses on supporting major financial institutions in leveraging their Pillar II and economic capital strategy, interfacing with regulators and facilitating roundtables around the globe.
• Olivier Bourrat is Managing Director of Risk Dynamics. He is a graduate from North Carolina State University (US). His career has led him to work in the financial arena across the globe through major consulting firms (Cap Gemini Finance, Andersen, CSC Peat Marwick) and MasterCard International. Over the years, as manager of strategic consulting missions in a risk management context, he has become an expert in process management and organisational models. In parallel to managing the growth of Risk Dynamics, he now focuses on leading risk management framework gap analyses in a Basel II context and supervises the definition and implementation of model management/validation frameworks for major and smaller financial institutions.
• Dr Marie-Paule Laurent is Associate Director of Risk Dynamics. She has a PhD in Financial Risk Management from the Solvay Business School ULB Belgium and more than 8 years experience in risk modelling and frameworks. She has conducted extensive research in the credit risk management environment and published in famous journals and books in the risk management field (LGD publications in Riskbooks and guidelines). Over the last years, she has been conducting methodology and model validations for large Groups in France and the Benelux, advising them upon models optimisation and performing benchmarking. Her experience lies with both corporate and retail segments. She is heading Risk Dynamics’ team of quantitative experts involved in modelling and policies validation in line with Basel II and market best practices, capitalising on benchmarks.
• Marc Taymans is Associate Director of Risk Dynamics. He has a Master of Sciences in Management from Solvay Business School (Brussels). He has worked for two of the major consulting groups for several years, acquiring strong skills in project, business process management. He has applied his extensive expertise in organisational re-structuring and change management projects. Over the last years, he has mainly participated in operational risk frameworks assessments and AMA models validations for large European groups. He has also taken part in the validation of several credit risk frameworks and models. He is actively involved in the Independent Reviews of Risk Management Frameworks in the frame of Pillar 2 working with some major organisations in Europe. He is also the Partner leading the business experts team involved in the qualitative aspects of the models and Pillar 2 framework validations/ independent reviews.