New SEC Risk Assessment Office to Apply Data Analytics Tools; Scott Bauguess Comments

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SECThe Securities and Exchange Commission has established a new risk assessment office within its division of economic and risk analysis in an effort to develop data analytics-based risk assessment tools and models.

The SEC said Sept. 11 that it is scouting for an assistant director to lead the office and its staff will come from across other parts of the division.

“The establishment of this new office reflects the commission’s ongoing focus on deploying data-driven analytics to assist in routing scarce resources to areas of the greatest risks to the market,” said Scott Bauguess, the division’s deputy director.

That new office will also assist in the SEC’s supervisory, surveillance and investigative programs by building predictive analytics tools, as well as in the SEC’s work involving the Financial Stability Oversight Council.

DERA, established in 2009, collaborated with market experts to develop risk assessment tools such as the Aberrational Performance Inquiry for identifying irregular hedge fund performance.



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