Witad Awards 2018 Write-Ups: Risk Professional of the Year—Boryana Racheva-Iotova, FactSet
This philosophy is evident through her career—as the CEO and founder of Bravo Risk Management Group, later acquired by FinAnalytica, she built Cognity, the first market-ready risk platform that incorporates the modeling of fat-tail events. The system is currently in use at a number of institutions, including the French asset-management giant Natixis.
FinAnalytica was later acquired by BISAM, and Racheva-Iotova worked closely with its then-CEO, Bill Haney, until the firm’s recent acquisition in March 2017 by FactSet. There, she currently serves as the firm’s director of risk research, and has been published in a range of notable journals, including The Journal of Portfolio Management and Annals of Operational Research, and has contributed chapters to a number of books on risk management.
With over 15 years’ experience, Racheva-Iotova sees distinct challenges ahead in risk management. The shift to passive investing and the proliferation of algorithmic strategies are two key areas, along with the introduction of artificial intelligence and machine learning.
“The market is not fundamentally driven anymore, at least on short- to mid-term horizons. Models need to be augmented to stay representative for this environment,” she argues. “On the pure modeling side, complexity rises as well. For example, ideally you need different model characteristics for the different investment horizons on both factors, as well as the probabilistic model side.”
Looking further ahead, future projects will focus on integration work between FactSet’s native risk solutions and Cognity’s capabilities. But on the pure research side, she says, she is “quite interested in exploring bridges between behavioral theory and quant finance.”
Through her career, Racheva-Iotova says she has had “invaluable” time with a range of people who have helped shape her career so far, but cites two in particular for special mention. “My father was and continues to be a role model for me with his dedication to knowledge, and my mother, with her truthfulness and devotion,” she says.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
Witad Awards 2024: Rising star (vendor) – data, engineering & product development—Roberta Bill, SmartStream Technologies
Roberta Bill, product manager at SmartStream Technologies, wins rising star (vendor) – data, engineering & product development, in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Technology leader of the year (end-user)—Sejal Shah, BNP Paribas India Services
Sejal Shah, director and head of Global Markets IT BNP Paribas India Services, wins technology leader of the year (end-user) in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Reference data professional of the year (end-user)—Ludmilla Morgunova, BNP Paribas
Ludmilla Morgunova, Java developer on BNP Paribas’ Referential Data Platform, wins reference data professional of the year (end-user) in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Vendor professional of the year (trading and risk)—Mina Wallace, SS&C Algorithmics
Mina Wallace, general manager and senior vice president of the risk management business unit at SS&C Algorithmics, wins the vendor professional of the year (trading and risk) in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Above and beyond award (vendor)—Susan Bennett, Tradeweb
Susan Bennett, managing director, global head of product marketing at Tradeweb, wins the above and beyond award (vendor) in the 2024 Women in Technology and Data Awards.
Women in Technology & Data Awards 2024: All the winners and why they won
WatersTechnology honored the winners of the 36 categories in the 2024 Women in Technology & Data Awards, who were announced at a sit-down lunch in London on International Women's Day on March 8.
AFTAs 2023: Best new technology introduced over the last 12 months (data & data services)—SS&C Aloha
Northern Trust: Improving transparency across the asset servicing market
Northern Trust won three categories in the 2023 American Financial Technology Awards. Paul d’Ouville, global head of technology solutions and servicing at Northern Trust, discusses his firm’s fourth consecutive win in the Best reporting initiative…
Most read
- Women in Technology & Data Awards 2024: All the winners and why they won
- Witad Awards 2024: Above and beyond award (vendor)—Susan Bennett, Tradeweb
- Dark horse: Deutsche Börse building dark pool