ABOUT US
Established in 2020, Neon Risk Consulting is a consultancy specializing in credit, climate and ESG modelling. Since its inception, our firm is committed to provide state-of-the-art and cost-effective solutions to our clients. With 20+ consultants, and growing, we aim at being a leading player in our field, making a positive impact on our society and planet through our contribution in the financial sector.
Our primary office is located in Paris, La Defense, Legende tower.
ESG at the heart of Neon Risk
As a growing consulting firm, we have formalized our commitments towards social and environmental objectives.
Proactive social initiatives are a priority for our firm, especially considering our consultancy relies on human resources and talents. We strive to ensure best-in-class working conditions and support our consultants in their professional development and fulfillment.
Here are examples of concrete measures implemented to date, regarding: parity, training & professional development, and working conditions:
Parity within the
company
Parity within the
company
At our expanding firm, gender parity is a priority. Our gender ratio is 48%. Equal pay is maintained across all positions. Parity is measured in both quantity and value. The same goes for salary levels, which follow a grid established by the firm and primarily depend on the skills, profile, and seniority of the consultant.
Gender Ratio
Training and professional development
Training and professional development
Training is integral to our firm's culture, fostering consultants' development and service quality. We allocate €1500 annually per consultant for courses and resources. A dedicated communication channel facilitates sharing of articles and insights. Personal training accounts are promoted, and we actively encourage full utilization of allocated budgets each year.
Yearly Training Budget by Consultant
Organisation and working
conditions
Organisation and working
conditions
Our consultants' working conditions closely reflect those of our clients, as we dedicate the majority of our time to client assignments. From the very beginning of our projects we ensure a clear scoping of requirements/ expectations, timeline and milestones - and regular operational meetings and steering committees.
Consultants' Turnover/Departure to Date
Working Process
Our approach, tailored to the needs and specificities of our clients, aims at: state-of-the-art solutions, regulatory compliance, and cost-effectiveness throughout solutions' life cycles
We deem several critical steps are pivotal to ensure the seamless execution of tasks, including:
Client’s Needs and Governance
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Identification of needs and stakeholders
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Clear governance, c. monthly steering committees, and weekly operational meetings
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Scoping, milestones, and roadmap
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Business and experts onboarding
Regulation and Data Strategy
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Regulation and data are at the center of our expertise. Each engagement begins with an in-depth analysis of regulatory requirements
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Our approach contributes to improve confidence in the modelling datasets thanks to annual/quarterly reports and experts' reconciliation, and data visualization
Team Work
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Our consultants are committed to delivering high-quality works in terms of content and form
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Our operational way of work, based on different seniority levels contributes to the quality assurance
Data Strategy in a nutshell:
Data recovery
Data reprocessing (checking completeness, adding manual records, etc.).
Alignment
Business understanding of gaps and
correction / MoC proposals.
Identification of benchmarking sources
CAC reports/internal audit reports/ monthly-quarterly business reports, Pillar 3.
Reconciliation
Aggregation of data (monthly/annual) for comparison with benchmarking sources.
Identification and quantification of gaps.
Our Team
Frédéric Beauvais
Founder & Managing Director
Univ. of Paris I - Pantheon-Sorbonne
Noémie Desgranges-Hie
Manager / Senior Consultant
Toulouse School of Economics
Alexandre Cugniere
Manager / Senior Consultant
EDHEC
A YOUNG AND DYNAMIC TEAM
At Neon Risk Consulting, we take pride in our vibrant team of consultants, a dynamic group of young professionals dedicated to innovation and excellence. Beyond our commitment to delivering top-notch consulting services, we foster a culture that values collaboration, creativity, and a healthy work-life balance.
RESEARCH & DEVELOPMENT
To maintain a high-value proposal towards our clients, we invest in our R&D. This enables us to dedicate time to our learning by doing. To understand evolving regulatory demands, the required models and data. This is notably the case with respect to climate risk modelling with our appropriation of the PACTA and CLIMADA models, resp. for transition and physical risk modelling.
PERSONAL DEVELOPMENT AND TRAINING
In our company, we prioritize the personal development of our consultants. To achieve this, we provide a training and press budget, allowing each individual to enhance their existing skills or explore new ones.
References
01.
Securitization Model Remediation (IAA, ABCP Conduits)
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Modelling including the risk of dilution of receivables and the risk of default of counterparties. NDoD review, including application of the contagion principle (wrt the true sale). Calibration of the empirical correlation (using the Vasicek framework)
04.
IFRS 9 & Stress-Tests, Backtests and Model Developments
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Development of an LGD model PIT forward-looking for corporate unsecured exposures
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Backtesting of the SICR (Significant Increase in Credit Risk) model
02.
Development of PD Models for Financial Institutions
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Specification of historical dataset (internal and external data). In-depth data visualizations and descriptive statistics. Modelling of Low Default Portfolios (risk differentiation and quantification). Strong benchmarking capabilities (GCD and Credit Benchmark)
05.
Benchmarking
& Advanced Analytics
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Quantitative analyses for the “Risk Measurement Group” of the Basel Committee (in charge of reviewing the IRB requirements, Basel III) and for the Institute of International Finance (IIF, industry association, wrt new Basel III standards)
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Benchmarking platform: development of an anonymized benchmarking tool for PD, EAD/CCF and LGD parameters (IRB and IFRS 9)
03.
Purchased Receivables Rating System Backtest and Remediation
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Update of the backtesting methodology in response to recommendations from the validation team
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Remediation of the rating system in place, inventory of the new regulatory expectations, construction of an ad-hoc RDS
06.
Research & Development
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Physical risk (CLIMADA): appropriation of the data model and use cases
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Transition risk (PACTA): idem, appropriation of the data model and use cases
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ESG modelling: ECAI-based shadow-rating through the use of historical rating events' data