Graci Risk Module

The?Risk Module?within the?Graci?framework provides comprehensive support for?integrated enterprise risk management. Let’s explore its key features:

1. Emerging Risks: Identifying new and emerging risks is challenging for organizations. The Risk Module allows authorized users to: Classify emerging risks using the firm’s risk taxonomy. Assign these risks to relevant operating entities where they might manifest. Maintain evidence of risk decisions. Emerging risks can originate from various sources, including media, industry associations, proposed regulations, or actual incidents.

Standard Operational Risk Management Tools: The module covers essential operational risk management tools, such as: Risk and control self-assessments (RCSA) Incidents and risk loss events Key risk indicators (KRIs), key control indicators (KCIs), and key performance indicators (KPIs) Scenario assessments Model risk management Risk appetite and risk profiling Vendor and supply chain management Operational and business resiliency Data privacy and security management.

1. Integrated Approach: Graci facilitates fully integrated enterprise risk management by defining a risk taxonomy. The risk types within this taxonomy limit the breadth of risk definitions and related activities within Graci – Risk. While it supports credit risk, market risk, and liquidity risk assessment, it does not include explicit tools for managing these specific risks.

It is prudent to note that effective risk management requires a holistic view, encompassing all lines of defence functions for proactive risk and business decision-making.

?M. No. 9431919784

email: [email protected]

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