PRZOOM - /newswire/ -
King of Prussia, PA, United States, 2015/01/22 - Return on Intelligence (“ROI”) announced that it has entered into a joint venture for the purposes of developing Dodd Frank Annual Stress Testing (DFAST) compliancy solutions with RiskGroup360 - RiskGroup360.com / ReturnonIntelligence.com.
Return on Intelligence (“ROI”) announced today that it has entered into a joint venture for the purposes of developing Dodd Frank Annual Stress Testing (DFAST) compliancy solutions with RiskGroup360, a boutique consultancy founded by Dr. Reza Barazesh and Dr. Lawrence Mielnicki.
ROI’s President and CEO, Gordon Brooks, welcomed Dr. Lawrence Mielnicki and Dr. Reza Barazesh to the company’s expert team: “We are confident that their years spent in the financial industry and proven risk management expertise, will help our new experts to carry out the company agenda in full. We are also enthusiastic about Dr. Mielnicki and Dr. Barazesh’s experience in analytical and consultative services since it’s one of the key priorities for the DFAST initiative.”
Dr. Lawrence Mielnicki provides clients with expertise gathered over 30+ years of developing and evaluating statistical and econometric models in the Banking and Telecommunications industries. Dr. Mielnicki co-founded RiskGroup360 in 2014. Previously, Dr. Mielnicki was Executive Vice President of Retail Credit Risk Models at PNC. In this position he was responsible for the development and maintenance of statistical models used to measure credit risk for credit decisioning, and economic and regulatory (Basel II) purposes. At PNC, Dr. Mielnicki was also responsible for the retail portions of ALLL loss reserving and the first system wide stress testing (SCAP).
Before joining PNC, Dr. Mielnicki was Senior Vice President and Global Director of Value Analytics for De Lage Landen Financial Services.
Dr. Reza Barazesh, a co-founder of RiskGroup360, has provided risk management analytic consulting to a variety of high profile industry leaders. With over 30 years of experience with both generic and custom risk management solutions and as Senior Scoring Officer with major commercial data providers, Dr. Barazesh has led highly professional teams in developing state-of-the-art modeling and analytics and risk management solutions. He is a market leader in statistical consultative services to both financial institutions with sophisticated modeling groups as well as to smaller financial and non-financial institutions.
In addition to developing industry standard statistical and risk management consulting services, Dr. Barazesh is recognized for providing commercial economic forecast information to the credit industry and media publications.
Prior to consulting work, Dr. Reza Barazesh was Senior Vice President of the Commercial Analytical Services team for Equifax North American Commercial Services for nine years, specializing in the development of leading-edge risk management systems. Before joining Equifax, Dr. Barazesh was with Dun & Bradstreet for ten years as Vice President and Chief Scoring Officer.
About Return on Intelligence (ROI)
Return on Intelligence (returnonintelligence.com) is a global technology services firm. We provide technology consulting, systems integration and commercial software solutions. We bring industry insights, the ability to execute on a global basis and a keen eye for our clients’ bottom line that makes us an ideal and trusted partner for responding to business and technology change. Our services focus on customer centricity, data analytics, core systems transformation and the application of innovative and disruptive technologies. Our solutions deliver top-line growth, competitive advantage, margin improvement and reduced complexity. Return on Intelligence is headquartered in the United States with sales and delivery offices worldwide.
RiskGroup360 (RiskGroup360.com) is a highly specialized analytic consulting firm providing financial institutions with comprehensive and affordable 360 past, present, and future approaches to development of custom risk management solutions and maintenance of regulatory requirements. Our team brings unique industry experience and expertise to client risk identification, project design, development and regulatory requirements.