14 Wall Street, New York, NY
RCaaS - Risk & Compliance as a Service
RiskCounts offers RCaaS – Risk & Compliance as a Service managed services platform. This service includes the setup of risks, controls, control procedures, assessments, issue management, and management reporting to support effective risk management and compliance maintenance.
ERM Design & Implementation
RCSA Advisory & Controls Testing
Issue Management and remediation
ERM FrameworkERM Program Design & Implementation
- Risks: We identify, define, and assess Inherent Risks including Strategic, Credit, Market, and Operational Risk.
- Conduct Gap Analysis and Maturity Assessment: We conduct gap analysis and maturity assessment against the current state in risks, controls, policies, processes, Lines of Defense (LOD) functionality, and governance.
- Risk Architecture: We establish or review required Policies and Procedures.
- Lines of Defense (LOD): We recommend an appropriate 3 LOD model for the client, considering all risks and existing gaps.
- Governance Framework: We help define a governance framework including required committees and authorities, with:
- Limits: For transactional Market & Credit risks.
- Metrics (KPI, KRI & KCI): For Strategic and Operational risks.
- Reviews: Risk-Control Self-Assessment.
- What-ifs: Scenario planning for potential risk events.
- Compliance:We cross-check for Legal & Regulatory requirements and standards, as well as Board, Audit, Investor, and Client expectations.
- Reporting: We provide a methodology with a draft set of action-oriented reports and dashboards.
RCSARCSA Advisory : Controls testing
- RCSA Program: Assist in establishing a comprehensive RCSA program.
- Offer a Custom Toolkit: We offer a fully managed application that will help you look at your current and past RCSA's
- Training: We also train your business functions (the 1st line of defense) and Risk/Compliance teams (the 2nd line of defense) in testing control effectiveness and establishing appropriate control procedures.
- Roll-Up of RCSA Results: Lastly, we consolidate RCSA outputs to inform key stakeholders, including Business Managers and Risk Management, about the status of controls and any key issues.
Issue ManagementIssue Management and remediation
- Issue Remediation: We provide guidance on collecting and consolidating all RCSA remediation actions, managing and prioritizing issues, and, as needed, assist in the creating suitable project plans.
Work with the practitioners
RiskCounts provides a comprehensive ERM software program with integrated RCSA application, that allows organizations to conduct their risk-control reviews, with the simplicity and workflow execution. on a single platform. We also provide an inbuilt issue-tracking and remediation module but can also easily be integrated with other issue and incident management systems that an organization may already be using.
