Risk Reporting Workbench


European Banking authority(EBA)’s, Supervisory Review and Evaluation Process(SREP) requires Banks in the Europe Region to establish, strategies, processes, robust governance & controls for assessment & reporting of Risk numbers. EBA monitors the health of the Banks with Common Reporting (COREP) framework. Also, with Stress Tests, EBA checks the resilience of Banks in future adverse scenarios. EBA Stress Tests is supervisory program that includes supervisory stress testing while assessing a Bank’s own practices for determining capital needs, their practices around risk measurement & management, and capital planning and decision making.

Benefits

  • A single unified workbench encompassing all LoB’s, Assets classes & teams for Risk Reporting report aiding in robust monitoring & tracking
  • Automates the manual process adhering to Risk Reporting internal control & governance expectation
  • Identification of issues in the Risk Report generation process as it occurs preventing final report submission delay
  • Flexible and iterative workflows to identify and fix calculation errors at point of occurrence
  • Unified & common dashboard for entire team to work efficiently and in sync
  • Better control on SLAs and ability to improve the process (reduce errors and ensure timeliness)
  • Smarter and efficient way to manage & control multi-stage and complex process

Highlights

Iterative Stress scenario flow

Create tasks for elements & portfolio of stress scenario reports as required for the bank/ mandated by Fed Reserve

Ability to configure & manage the Models and Scenarios used in Stress Testing

Unified system

Links Business Users, Operations, Risk & Compliance Officers, Finance, Audit, Treasury & Sr. Management/Board

Common dashboard with traffic lights

Orchestration framework

Workflows to manage exceptions and corrective actions

Dashboards to view SLAs, progress/status of various stages in report generation

Audit trail of changes and issues

Ability to connect to systems (core banking, treasury, ERP, etc) or re-initiate risk system activities

Governance

Monitors calculated risk metrics (like) values for sanity

Monitors SLAs for report generation

Entitlements for exception process resolutions

Reports on trends and audit summary

Flexible and extensible

Ability to add new systems, processes and user-roles

It can be easily be updated to handle changes in risk systems and risk metric validation criteria

Ability to quickly include validations for specific portfolio or scenario driven calculation flows