What is Git?
Git is a tool for tracking changes to files over time. This process is generally called "version control". It is usually used by software coding teams to collaborate on a single project where people within the team either work on the same code base or on different code within the same project.
As a Risk department in addition to maintaining production code life cycles, a lot of research work and analysis is also done. Git provides an organized framework to make an analysts files accessible to other analysts to either reproduce or enhance the given research project. Git solves a research\analysts problems of storage so that it is protected from computer failures or viruses. Secondly Git makes your code accessible from multiple locations, for example one analyst can be working on one piece of code in Berlin and another analyst could be sitting in Frankfurt working or collaborating in enhancing the same piece of code enabling analysts to later merge code together. Thirdly Git provides the ability to version your code via snapshots at some time in point of a project life cycle. This ability to create snapshots of changes to a project is the basic powerful feature of Git enabling an analyst to revert unintended changes or save changes for working on at a later point in time. Git provides visual guides to help find out the changes between code bases. Lastly the branching feature of git allows an analyst to work on code without touching the main production code by creating branches like a tree and then merge these changes back to the main code after reviews are finished via Bitbucket.
Combining the power of git with tools like BitBucket (web hosting of repositories) and JIRA (issue and project tracking), both products of Atlassian, makes the overall Software Development Life Cycle (SDLC) a highly efficient framework for a risk department to work with.
In short the SDLC framework makes it very useful for a risk department to handle
Maintainence of production code
Performing reproducible research or analysis
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