A new framework for risk

Client profile

Various clients across various jurisdictions

“To improve is to change; to be perfect is to change often.” – Winston Churchill

Following a review of historic system set-ups, we introduced an ‘apply – understand – prove – manage’ risk framework which allows for a structured approach to tailoring, accommodating, and auditing of in-house risk appetite.

The challenge

The sophistication of the regulatory environment is constantly evolving.  To remain compliant, our clients not only need to keep abreast of regulatory updates but also ensure that they can prove that the digital solutions they employ reflect their in-house risk management preferences.

How RiskScreen helped

By applying the depth of our experience in resolving the operational challenges regulatory interpretation presents, we identified and introduced a risk framework solution for our products that followed these four approaches:

APPLY – UNDERSTAND – PROVE – MANAGE

This framework allows clients to clearly demonstrate their base risk preference and manage against this – as well as enabling our clients to not only demonstrate a clear audit trail to regulators but to also increase wholesale risk management understanding across their businesses.

Learn more about RiskScreen Advisory Services

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RiskScreen was founded by experts in financial crime. It’s because of this unrivalled subject matter expertise that companies choose to partner with us.