Products

Enterprise Risk

The RiskCounts Enterprise Risk (RC-ERM) product helps companies to design, create, and install all the components essential for a full Enterprise Risk framework including policies and related procedures. It further enables the maintenance and management of this framework against best-practice principles and standards with the necessary links to, and support of, the Integrated RiskCounts platform which has all the modules and key tools required for the same.

The product is therefore a do-it-yourself framework design, development, and implementation vehicle, helping firms to make their Risk programs fit-for-purpose and scalable with evolving needs. As a product developed by Risk practitioners, RC-ERM is practical, viable, and a valuable tool for firms, replacing expensive consulting requirements as also installation of Risk resources (people and technology) that they may otherwise find expensive and extremely burdensome (in time, money, and all resources) for their needs. RC-ERM is suitable for companies at all stages of evolution, from early start-ups to mature large firms.

ERM Framework
NAV Solution

RiskCounts ERM sequentially takes a user firm through all the steps required towards a full ERM framework. These include

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    Identification of all key Risks relevant to the company and its business activities
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    Assessment of inherent and residual Risks along a Risk Assessment Map drawn across Severity (impact) and Frequency (likelihood) dimensions
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    Identification of requisite Controls as “risk responses”, given the risks and the business objectives that drive value, while creating vulnerability
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    Creation of Policies satisfying all stakeholder requirements (clients, partners, investors, Senior Management, Board, and Regulators as and wherever applies), across all major risk & control areas that are demanded in due-diligence and/or Risk management & governance perspectives
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    Creation of Procedures to implement the Policies
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    Follow-through and Linkage in separate product modules to RC-VDD (incoming Vendor Due Diligence), RC-RCSA (Risk Control Self-Assessment reviews), RC-Credit (management of Credit Counterparty Risk, if any); these products are in turn supported by a common RiskCounts Analytics, Scenario Analysis, and Economic (Risk) Capital backbone