Client Overview
A leading private bank in Europe wanted to develop a system to improve the effectiveness of its risk assessment and mitigation programs, and lower loss rates.
Business Challenge
- High loss rates
- Ineffective risk assessment process
- Difficulty in prioritizing risk management resources
Solution Highlights
- Risk calculator with qualitative and quantitative results
- “What If” scenario analysis with risk scoring
- Risk appetite statement
- Key risk and performance indicators (KRIs and KPIs)
- Customizable dashboards and reports
- Automated workflow management (integrated alerts, email notifications)
- Pre-loaded content: baseline risk assessment, sample ERM policy
- Business process and control libraries
- Risk, vulnerability, and velocity assessments
- Executive reporting tools
- Loss tracking
Benefits
- Manage risk strategically
- Eliminate data silos
- Make smarter decisions
- Centralized risk management process
- Overview of organizational risk to keep stakeholders informed