Transforming risk management for Fortune 100 companies
My Role:
Facilitated shaping activities, product strategy, and roadmapping
Led cross-functional remote team
Product Evolution:
Stress testing was originally conducted with excel, by various analysts, in different ways. An analyst was required to explain the results and changes took weeks
There was a steep learning curve to understand complicated financial concepts like derivatives market, statistics, hedging, etc.
Strategically focused on specific industry types for first version (risk factors can vary widely by industry)
North star: Allow CFOs to stress test their companies financials so they can make more informed timely decisions
Our first major pivot was to focus on the analyst as the primary user for the tool (with the exception of outputs pages)
Second major pivot was to shift to a second industry type based on early sales conversations
Outcomes:
Reduced analyst time by 90%
First sale saved over $1M in fees