Risk Modernisation on Snowflake​

First Derivative’s client is a Japan-headquartered global bank and one of the world’s largest financial institutions​.

With over five billion rows added per day and an anticipated seven-fold increase in data due to regulations including FRTB, our client needed a seamlessly scaling risk architecture with minimum management overhead and low-cost storage and compute capabilities​​​.

First Derivative migrated and refactored credit and market risk reporting to a Snowflake based modern data platform​​.

The team decommissioned cumbersome legacy platforms and managed the parallel run to safely migrate onto the modern data platform​.

• P&L calculations are 500% faster.
• Book scaling adjustments are 300% faster​​.​
• Value at Risk (VaR) calculation is 300% faster​.​