Cork gets ‘Rock’ steady credit risk assessors

ROCKBORO Analytics, supported by Enterprise Ireland, will create 50 high-calibre jobs in Cork over the next five years to provide expert credit assessment solutions for banks, insurers, investment managers and corporations globally.

The company’s primary focus is on providing mission-critical credit risk assessment solutions to help credit-sensitive organisations make informed decisions on originating, measuring, monitoring and managing credit risk, arising from their day-to-day business activities, particularly in low default or ‘hard-to-rate’ sectors. Rockboro will also work with consultants, data providers and IT firms to assist them with creating a competitive advantage in credit, Basel II and Solvency II consultancy. “The whole concept of credit risk has now become front page news, particularly in Ireland,” says managing director Bernard O’Sullivan.

“Whereas throughout most of my career in this field, very few people had any firm idea of what credit risk management and ratings actually were,” he adds. “The genesis of Rockboro Analytics came out of many of the skillsets we had developed and the realisation that we could offer on our own something better than the bigger firms out there. We did initially look at a number of locations around the world, but eventually settled on Ireland. We saw a lot of very talented people available in the country, and particularly in Cork.”