Risk · Capital · Governance — since 2008
Carrying the weight of regulation, so the bank can move.
Senior advisory for Nordic banks and financial institutions in credit risk, capital, IFRS 9 and governance — delivered hands-on by an experienced former CRO.
Approach
Most institutions know what the regulation says. The hard part is making it work — in credit files, models, reports and board decisions.
Atlas Shrugged Advisory works as a senior counterpart to boards, owners, management and supervisors. We translate complex requirements under CRR/CRD, IFRS 9, Basel/IRB, ICAAP and BCBS 239 into practical, board-ready governance — and stay until it is implemented.
No junior pyramid. You work directly with the person who has built risk functions, run IRB programs and sat as CRO.
Services
Credit risk & analytics
Credit processes, scorecards, decision engines, monitoring and portfolio profitability under the desired risk level.
IFRS 9 & risk models
ECL model development, validation and governance. IRB readiness, implementation and approval.
Capital & ICAAP
ICAAP writing and stress testing, Pilar 2 and SREP responses, economic capital and COREP reporting.
Governance & GRC
Risk appetite, risk data aggregation (BCBS 239), policies and second-line functions that withstand inspection.
Internal audit
Risk-specialist internal audit in credit, capital, concentration and market risk, ICAAP and regulatory reporting.
Interim leadership
Interim CRO or head of credit risk — building or restarting a function and handing it over in good shape.
How we work
Read the findings, the data and the files. Say plainly where the gap is.
Frameworks, models and processes sized to the institution.
Hands-on implementation together with your team.
Documented, owned internally and ready for the supervisor.
Track record
Assignments and roles held by Peer Timo Andersen-Ulven through Atlas Shrugged Advisory, KPMG and in executive positions. Highlights: end-to-end Basel II IRB-A approval with Finanstilsynet and Bank of Spain; Nordic BCBS 239 program; IFRS 9 programs; group internal audit.
Who
Peer Timo Andersen-Ulven
Managing Director
More than 30 years in Nordic financial services: CRO at Bank Norwegian, Head of Credit Risk & Analytics at Avida Finans, partner at KPMG, and program manager for Santander Consumer's Basel II IRB implementation. PhD studies in quantitative finance at NHH.
For larger mandates, Atlas Shrugged Advisory delivers through Imperion — a senior network founded in autumn 2026 covering credit, governance, compliance and AML.