Cobblestone Management and Strategic Risk Advisors Forge Strategic Alliance

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Cobblestone Management, LLC., (Cobblestone) a leading provider of credit risk management services to community-oriented financial institutions in New England will jointly develop and market an ERM solution to financial institutions covering all ten risk categories recommended by guidance by leveraging SRA’s leading enterprise risk aggregation platform, SRA/Watchtower (Watchtower).

Our clients will now have the ability to combine our independent and peer-benchmarked loan review, stress testing, and credit risk and underwriting support services with the enterprise risk aggregation platform, SRA/Watchtower, for an integrated and aggregated view of credit risk for the institution

Cobblestone Management, LLC., (Cobblestone) a wholly owned operating entity of PNB-LLC and a leading provider of credit risk management services to community-oriented financial institutions in New England today announced a strategic alliance with Strategic Risk Advisors, LLC., (SRA) a market leader in Enterprise Risk Management (ERM) software and services. Cobblestone will jointly develop and market an ERM solution to financial institutions covering all ten risk categories recommended by guidance by leveraging SRA’s leading enterprise risk aggregation platform, SRA/Watchtower (Watchtower).

Watchtower is a cloud-based enterprise wide risk aggregation and reporting engine which helps institutions define risk profiles and attributes across multiple products and services. The platform is configurable and uses assigned risk rating and weightage compute inherent and residual risks based on risk attributes across 10 regulatory mandated risk categories. Watchtower is a fully integrated enterprise credit and operational risk management and reporting tool which includes risk categories such as strategic, market, interest rate, price, liquidity, credit, operational, cyber, compliance and reputation risk.

“Our clients will now have the ability to combine our independent and peer-benchmarked loan review, stress testing, and credit risk and underwriting support services with the enterprise risk aggregation platform, SRA/Watchtower, for an integrated and aggregated view of credit risk for the institution from a single, easy to use, user friendly interface. Watchtower’s risk intelligence and aggregation platform assists financial institutions in their growth and profitability strategies while avoiding earnings’ surprises. This is a game changer for our clients for their credit risk management needs”, said Mr. Kevin Henkin, CEO of Cobblestone Management.

“We are pleased to enter into this alliance with Cobblestone Management as they bring a strong and reputable team of credit risk analysts and experts in a geographic region beyond our immediate reach. This alliance brings to the New England community-oriented financial institutions a scalable technology platform with local expertise. SRA’s ERM Watchtower enables banks to use an online system to efficiently monitor, manage, and mitigate their top risks across the bank”, said Mr. Michael Glotz, Managing Partner and President of Strategic Risk Advisors.

The combined members of both companies are experienced, former bankers and bank examiners with executive leadership roles in community, regional and national banks and/or regulatory agencies. Cobblestone will market Watchtower in the target geographies starting immediately. The configurability and integration capabilities enables easy integration of key risk metrics from the institutions’ siloed tools to create a single, unified risk aggregation and visualization platform integrated with their risk appetite statement and strategy.

About Cobblestone Management, LLC.

Established in 1986, Cobblestone Management, LLC., (CM) is a provider of credit risk management services to the New England area community-based financial institutions which include loan review, M&A due diligence, credit underwriting support, and stress testing. CM provides enterprise risk management (ERM) solutions including a SaaS based platform to aggregate credit and operational risk across the enterprise. For more information Contact Cobblestone. Or email us at info@cobblestonerisk.com.

About Strategic Risk Advisors, LLC.

Strategic Risk Associates, LLC., (SRA) is a national consulting and advisory firm specializing in the banking and financial services industry. For more information contact Michael Glotz at mglotz@srabank or (804) 317-6586

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Kevin Henkin
@Cobblestonerisk
since: 10/2017
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