We Help Organizations Stay Ahead of the Regulatory Curve
J Tekle Risk Consulting
J Tekle Risk Consulting offers a wide range of risk management services for financial institutions. We have the necessary tools, regulatory expertise and hands-on industry experience to help you advance your risk management practices. We believe complex issues are best solved by simple and elegant solutions.
We work closely with clients to find value in risk management and satisfy their regulatory requirements in a manner that is practical, sustainable and right-sized to your institution.
Our Services
How we're different
At J Tekle Risk Consulting, your business comes first. We tailor all our services to suit each client, because no two businesses are alike.
We bring our regulatory experience and in-depth knowledge of industry risk management practices to your project. Our extensive industry experience as hands-on risk practitioners means we are ready to roll up our sleeves to deliver proven, practical solutions. Below are just a few of the ways we can help you grow.
ERM Transformation
Find the value in risk
At its core, risk management is about making better decisions and creating shareholder
value. Supporting profitable and sustainable profitability is a core deliverable for a high performing ERM function. Are you ready to take your ERM transformation to the next level? We have the capabilities and the industry experience to actually do it.
Our services include:
- ERM implementation and transformation
- Aligning board and management governance structures and processes
- Establishing risk management policies, including risk appetite statements
- Implementing or enhancing model risk management programs
- Risk culture assessment services
- Recovery and resolution planning
- New bank applications
- Risk training and Board education services
Operational Risk Management
OSFI Guideline E21
Implementing OSFI's Guideline E21? Our OSFI experience and expertise in this area is extensive. Allow us to support your team. We know what it takes to build a high performance ORM function that is efficient and valued by the business.
Our services include:
- ORM implementation and transformation
- Implementing supporting risk frameworks (e.g., IT governance, outsourcing, business continuity management and fraud risk management).
- Investigating and developing remedial strategies for high impact events (e.g., rogue trading, large scale fraud)
- Business continuity management implementation
- Aligning and rationalizing control frameworks and testing
OSFI Regulatory Risk Management
Achieve Your Goals
Financial services firms are intensely re-examining how to stay abreast of increasing regulatory expectations. Helping clients stay ahead of the regulatory curve is where we excel. Our team of former OSFI regulators can give you valuable insights into current and emerging regulatory concerns. We help clients avoid costly missteps and find the competitive opportunity in every regulatory requirement. Let us help you strengthen regulators’ confidence in your firm so that you may execute your business strategy.
Our services include:
- Interpretation and implementation of OSFI Guidelines
- Benchmarking to OSFI requirements
- Remediation of regulatory findings
- Provision of OSFI required third party assessments
- Expert guidance on how to exit formal interventions (e.g., staging)
- OSFI review preparedness reviews
- Crisis management
Market Risk Management
Optimize Your Business
We have extensive experiencing helping organizations optimize the management of their liquidity and funding risk. Our regulatory experience includes leading an OSFI cross-industry review of market risk in the banking book, liquidity risk and counterparty credit risk. We also have hands-on experience in the areas of market risk oversight, treasury risk management, and capital market activities such as fixed income and structured finance.
Our services include:
- Market, liquidity and funding risk implementation or transformation
- Market risk measurement and analytics
- Balance sheet management with focus on liquidity risk, interest rate risk management and funds transfer pricing
- Counterparty risk management
- Model risk management, valuations and validations
Our People
Johannes Tekle
Johannes Tekle is a proven risk management executive with 20 years experience in risk management, internal audit and as an OSFI bank supervisor.
He brings expert knowledge of Canadian banking regulations (e.g., Bank Act, OSFI Guidelines, FINTRAC, FCAC), and expertise in operational and enterprise risk management practices.
At OSFI, Johannes was responsible for evaluating the risk management and corporate governance practices of Canadian financial institutions domestically and abroad, and also led or participated in a number of industry benchmarking cross sector reviews.
As the Vice President of Enterprise Risk & Operational Risk at Home Trust, Johannes led the successful design and implementation of a comprehensive and sustainable Operational Risk Management program. He has been invited by regulators and industry associations to review international standards and regulations and speak at risk conferences.
He holds a number of audit related professional designations (e.g., CIA, CISA, CRISC, CFSA).
Risk & Compliance Team
Additional resources that are available include team members who have worked as:
- Chief Risk Officer
- SVP, Enterprise Risk Management
- AVP Risk & Compliance
- Director, Capital Markets Compliance
- Senior Manager, Anti-Money Laundering
- AVP, Market Risk Management