Enterprise Risk Assessment
Governance, Risk Management, and Compliance (GRC) Software by msg Rethink Compliance
About
Discover the power of our methodology driven and configurable cloud solution for enterprise risk assessment. With best-practice risk and control libraries for various financial crime risks, our solution provides both pre-filled expert content to build your institution-specific risk assessment and the adaptability to fit any enterprise risk management framework. With built-in workflows, audit trails, dashboards and reports, the solution takes your risk assessment process to the next level.
- Comprehensive risk identification and assessment based on a proven methodology.
- Integrated workflows with clear and structured task assignments.
- Automated risk calculations to ensure objectivity and transparency.
- Detailed audit trails to record changes, history and supporting documentation.
- Visualised risk aggregation, dashboards, analysis and reporting for informed decision making.
- Prioritised task views to track assessment completeness, review requirements and approval needs.
This product is intended for
- Chief Risk Officer
- Chief Compliance Officer
- Anti-Money Laundering Officer
- Chief Digital Officer
- Anti-Money Laundering Specialist
- Director Regulatory Compliance
- Vice President of Risk
- Head of Risk Management
- Head of Global Compliance
- Director of Global Compliance
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Still on Excel? Take your company's AML risk assessment to the next level with clever technology!
- Comprehensive risk assessment based on proven methodology - Integrated workflows with clear, structured task assignments - Automated risk calculation to ensure objectivity & transparency - Detailed audit trail to track changes - Visualised risk aggregation, dashboards & reports for informed decision making - Prioritised task views to track completeness, reviews & approvals msg Rethink Compliance's Enterprise Risk Assessment solution. The boost to your regulatory risk management.
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My Dashboard
My Dashboard is the landing page after login and provides a quick overview of current tasks status and open/upcoming tasks related to the respective user. Action items are accessible directly from the board view.
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Configurable Risk Model - Structure
A risk model has risk groups at the highest aggregation level. Each risk group contains one or more risk factors. By formulating one or more risk indicators for each risk factor, the evaluation of risk factors can be broken down in a transparent, consistent way. Risk indicators help to identify facts that may indicate a higher or lower risk. They are determined by answering questions. Each answer option (yes/no or a range of values) is associated with a specific risk rating.
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Control Library
In addition to best-practice risk libraries, the solution includes best-practice control libraries that can be customised to meet specific institutional requirements. Each control has a domain and must be assigned to a control category. New categories or controls can be easily added.
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Residual Risk Matrix
The residual risk matrix shows the automatically calculated residual risk rating for each risk factor, resulting from the inherent risk rating in combination with the respective control effectiveness.
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