Introduction: Our client is a leading middle and back-office service provider to tier 1 banks. They are responsible for managing a wide range of business units and processes that involve significant risk. To effectively manage this risk, our client needed a comprehensive risk management tool that could track potential risks and help them respond quickly […]
Credit risk is a critical factor for capital markets firms as it directly affects their ability to manage potential financial losses stemming from defaults or failure to meet obligations. However, complexity within these organizations often hampers the assessment and communication of credit risk. In this blog post, we will explore the significance of understanding credit […]
Trend Information Available on Risk Trend information is available on Risks showing users how their level of risk has changed since the last time that the risk was assessed. This is available in registers allowing organizations to easily identify risks that have increased. Quantification of Events When logging events users are now able to capture […]
Workflow focused Home screen The new Risk Cockpit home screen allows users to easily understand the actions that they need to take when they log in. By completing the recommended actions for which users are responsible they can help their organization ensure their Risk Register is kept up to date.
The Risk Cockpit has two new features this month. Users can add data metric slots on an Adhoc basis, this allows users to track metrics that do not have a regular data update schedule. All past values are saved allowing users to understand the evolution over time. The Basel II Framework, previously only […]
Users can now capture additional details on Events, increasing the control they have over events. The new “Remediation” tab on Events allows the capture the root cause, impact and the actions that are taken to remediate any event. There is also added functionality that allows a user to relate two items of the same type […]
The Risk Cockpit has been enhanced with three new features helping users complete timely and accurate Risk Assessments. 1. A flag on if there has been a change to a risk’s related items since the last risk assessment 2. The ability to see which related items have changed since the last risk assessment 3. The ability for the […]
Users can now easily add, update and track metrics. When a user navigates to an item that supports metrics, they are able to see a new tab displaying any metrics that sit below the item. The tracking of these changes is enhanced by the introduction of ad-hoc metrics. Ad-hoc metrics are any that do not […]
Our Risk Cockpit has added enhanced dashboarding functionality. Risk Cockpit users have key data points that they want to integrate to their risk register and other contextual data. To bring this contextual data to life we have added the ability for users to create both pie and line charts with any data that is stored […]
This month the Risk Cockpit Development effort has been focused on improving the Risk Assessment user experience. We have enhanced this functionality by reducing the number of clicks a user needs to do and making it possible for a user to see related details when doing a risk assessment. When users navigate to the Risk […]
