Embracing opportunities while navigating compliance: The power of customizable risk management
One size doesn't fit all when it comes to risk, and different organizations will have different risk appetites and aversions unique to their business's nature.
What does this mean in numbers? In one instance, by changing the lookback period, areas of interest, and behavioral indicators altered the risk map from 4,124 high-risk vessels to 977 high-risk vessels; Opening up 76% of previously blocked opportunities with customizable risk management. Learn how →
Take the next step in risk governance with Windward’s customizable risk management solution. Empowering smart business decisions with adaptive risk thresholds tailored to your risk appetite and aversion.
Over the past few years, commodity traders and energy companies have been increasingly recognizing the need to adopt compliance practices. Driving this shift in dynamics are heightening demands and pressures from their financial partners, as well as intensifying public and regulatory attention.
Yet commodity trading and compliance are inherently at odds with each other as the first is by definition in constant search of arbitrage and competitive advantage while the latter is often perceived as intractable regulation that does not recognize parties' distinctiveness. As a result, companies may find themselves between a rock and a hard place. Either unilaterally screening and vetting, and losing business to false positives or, neglecting compliance processes and exposing the company to a slew of reputational, financial, and regulatory risk.
Risk and opportunity are two sides of the same coin: bowing to one without taking advantage of the other is neither logical nor conducive to good business. Customized risk management, such as Windward, has the potential to accelerate maritime trade by giving traders and energy companies previously unattainable tools necessary for strategic risk-taking at sea.
