Strategic insight through connected risk intelligence

Enterprise Risk Manager

Take an intelligence-led approach to embedding operational risk or enterprise risk in your organization.

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Thomson Reuters Enterprise Risk Manager (3:29)

Overview:

  • Built-in risk analytics
  • Creating risk intelligence
  • Delivering risk-based decisions
  • Tracks loss events and risk impacts
  • Award-winning operational risk software

Connect risk information to decision-making

Whether you face well-known or emerging risks, you need a robust enterprise risk manager and framework to navigate these management challenges – or strategically seize opportunities.

Enterprise Risk Manager lets you implement an operational risk or enterprise risk management (ERM) appetite framework. It aids risk management by capturing information such as loss events, key risk indicators (KRIs), assessment responses, and scenario analysis data in a flexible and connected way, which you can then analyze and communicate effectively.

With its advanced reporting engine, powerful search, and friendly user interface, Enterprise Risk Manager offers a joined-up approach to risk with business stakeholders, senior management, and the board. By viewing risk through your organization’s different structures and reporting lines, the cause and impact of a risk can be fully understood.

Features and Benefits

Flexible and adaptable to a variety of operational risk and enterprise risk management use cases. These include: all financial services operational risk regulatory frameworks; Solvency II’s operational risk requirements; the COSO’s new ERM framework; Sarbanes-Oxley (SOX); Germany’s BilMoG internal controls regulation; AS/NZS 4360 Risk Management Standard; and ISO 31000 Risk Management Standard.
Users can create risk assessments – from the simple to the sophisticated – and send them out to the business units quickly and easily. Once the assessments are completed, the results can be viewed through dynamic dashboards, reported into the organization and acted upon.
Incident Tracking captures losses in a variety of ways, and enables organizations to validate losses through a process structure of their own choosing. The solution helps to analyze losses, and by doing so, helps the organization to better articulate the challenges that it faces.
Modeling operational risk can seem complicated. The Quantification module takes the smoke and mirrors out of Advanced Measurement Approach regulatory capital modeling, as well as scenario analysis, sensitivity analysis, and stress testing.
Getting senior management and the business to understand specific risk issues can often be challenging. That’s why Enterprise Risk Manager’s configurable dashboards and new reporting module are rated as valuable by existing users.

Navigate risk with confidence

Create a risk framework

Capture risk appetite and tolerances and embed risk culture acceptance through a new user interface.

Track incident and loss events

Collect and classify all event types and follow legal cases, compliance issues and near misses easily.

Perform risk assessments

Produce qualitative and quantitative assessments for almost any purpose and perform analysis using embedded scoring and calculation.

Quantify and Analyze

Select data and model directly  within the solution, perform scenario analysis modeling and undertake sensitivity analysis to understand model risk.

Adding Value

Add value through analysis and management and limit the amount of manual actions needed to process risk information.

Report & Communicate

Drill up and down through the organization chart and risk taxonomies and update reports and dashboards automatically.