Effective Corporate Solutions (ECS) is hiring talented young people for the development of state of art, end to end stress testing tool for international banking sector
ECS was founded in early 2017. The company is registered in Pakistan with its office in Lahore and a sister concern in UK.
ECS has two lines of business:
a. Development of Advanced Analytics Technology Solutions (AATS) for financial institutions (banks, insurance companies and asset managers), especially in the area of risk management
b. FITS (Financial Institutions Technology Support) – provision of implementation, consulting and technology services for financial institutions.
In the first phase, AATS is focused on the development of a comprehensive stress testing solution for banks. Development is ongoing. The goal is to complete product development by the end of 2019. Subsequent phases will focus on other aspects of risk management and advanced analytics.
Stress testing is a very comprehensive risk management tool and it is a regulatory requirement in many countries. It brings together many aspects of risk management and financial planning. In essence stress testing requires the forecasting of a financial institution’s financial statements and regulatory metrics in severe macroeconomic or other stress scenarios.