Simple steps to Automate and Standardise your Risk & Control Self Assessment (RCSA)
Risk and Control Self Assessment process is a widely accepted methodology used by banks, financial companies, insurance companies and others to identify and assess the operational risk. Even though it’s popular, only few firms have been able to get the benefit of the same, as the process is cumbersome. The Risk Control Self Assessment process […]
Key Risk Indicators -A Powerful Tool to Anticipate Your Risk Within the Enterprise
In simple terms, Key Risk Indicator (KRI) is a metric used to measure the level of exposure to risk. These are indicators that denote the unfavourable situation or troubles ahead which could have a negative impact on the enterprise. KRIs are important As they help in highlighting a trend and predicting the potential high-risk area. […]
