Press Release
Press Release (all names have been changed)
Avalanche Bank Refocuses on Customer Risks and Challenges Avalanche Banking revealed that it is shifting to a primary focus on strategic Customer risk management for banking and portfolios. To fulfill their mission, they have retained Talisman, the foremost leader in financial consulting, primarily dealing with portfolio management and decision analytics. Leading is Adam Teller, an account executive who specializes in customer satisfaction, retention, and management models. His experience includes demanding capital, optimizing leverage, liquidity, funding requirements, as well as higher standards for risk reporting. Teller’s approach uses the highest reporting codes, such as Order 222 to foresee that management of financial risks becomes more important, as the standards for portfolio management and conduct is tightened.
This is only the first order of business for Avalanche Bank. The organization’s availability of free tools that help customers assess their risk profile is the main driving component. Key metric builders such as strategy mapping, customer risk grades, and profiles that include more comprehensive procedures cater to a customer’s financial behavior.
“By helping our customers mitigate their management of financial risks, Avalanche Bank also invested in strengthening their risk cultures and involved their Board of Directors more closely in significant risk decisions,” Teller describes in his recent interview with Smart Money-a podcast aimed at helping customers find the best financial strategy. “Given the magnitude of these and other shifts, most risk functions in Avalanche Bank are still in the midst of transformation, as we respond to our clients’ feedback. We are in a great position to carry out this transformation successfully, as the enterprise gets everyone back on track.”
As Avalanche Bank prepares their new rollout program, they anticipate this to be their most impactful long-term plan. As Teller explains, “If banks want their risk functions to thrive during this period of fundamental transformation, they need to rehome and rebuild.” His vision might be best surmised in a recent, most-inspiring memorandum: ”To be successful, they need to begin with a portfolio of initiatives that balance client volatility by enabling a realistic, and long term target vision. Such initiatives could include digitizing client stress behaviors, use of machine-learning techniques, and interactive risk reporting:”
The company initiatives have put Avalanche Bank on the roadmap to success, and there is a palpable shift in the organization’s culture, especially amongst employees. The core piece of integration is simply encouraging an approach that embeds shared, well-communicated values and principles between the enterprise and its clientele.
