Services
Actuarial and quantitative risk consulting, delivered independently.
Seven practice areas across actuarial, financial, and emerging risk. All engagements led personally by Jonas Osman Abdelghafour.
Financial Risk
Financial Risk & ALM
IRRBB, liquidity, and asset-liability management for banks and treasuries.
Learn more
Credit Risk & IFRS 9
PD, LGD, EAD and IFRS 9 ECL models — designed, calibrated, and validated.
Learn more
Model Validation & Model Risk
Independent validation of pricing, credit, capital, and AI models.
Learn more
Insurance & Actuarial
Emerging Risk
Data & AI
Further reading
Background on the methods behind these engagements.
- AI Model Risk Management in 2026AI adoption does not suspend model risk management. It raises the standard of evidence banks need before a model is allowed anywhere near a customer or a capital number.
- PRA SS1/23 in PracticeSS1/23 is five principles long and deceptively demanding. The gap between a compliant framework and a working one is almost always ownership and evidence.
- EU AI Act 2026: Transparency DutiesFor financial institutions, the AI Act is less a new compliance regime than a documentation and classification problem attached to existing model governance.
- Geopolitical Risk in ICAAPGeopolitical risk is not a risk type. It is a shock generator that arrives through credit, market, operational and liquidity channels — and that is how ICAAP should model it.
- IRRBB Beyond the Headline EVE NumberThe EVE number is the output of a hundred assumptions, and two or three of them usually decide it. Volatile rates are when that stops being an academic point.