Development of IT solutions useful for risk assessment of a Challenger Bank
Bank geared towards Italian SMEs and individuals through its network of agents and digital channels
The Bank’s Chief Risk Officer requested MACFIN’s support for the implementation of an IT solution to support the analysis, assessment, monitoring and reporting of operational, reputational and strategic risks.
Goals
Goals
Digitalizing
risk evaluation and reporting processes through IT solutions
Making it more robust, replicable and scalable
the methodological approach and operational processes of the risk management function
Activity
Activity
Procedural assessment
and interviews with the heads of the Bank's organisational units, in order to survey the control structure in place and identify the segments of operations most exposed to the risk categories to be assessed
Construction of data models
and identification of the functional requirements of customised IT solutions dedicated to the digital management of periodic risk evaluation campaigns, the detection of operational loss events (loss data collection) and the calculation of operational risk indicators (key risk indicators)
Creation of evaluation checklists
of risks specific to the processes of each division, department and organisational unit of the Bank involved in the periodic risk evaluation campaigns
Rationalisation and methodological uniformity
specific risk assessment activities related to the Bank's core processes
Results
Results
Cross-dissemination of risk culture
and IT control in different areas of the organization, overcoming the typical separation between technology and business risks
Coordination and clear segregation of duties
between the parties involved in the execution and validation of risk evaluation and loss data collection respectively
Increased quality and robustness
databases to support risk monitoring and decision-making processes at top management level
Increased timeliness and effectiveness
reporting to the bank's governing bodies
REQUEST INFORMATION
ABOUT OUR SERVICES
Would you like to have more information about our services and solutions? Enter your data and we will contact you as soon as possible.
Other Success Cases
Setting the "231" Framework of an International Gaming Player
Industry & Services | Consulting
Design of a Risk Reporting solution of an Insurance Group
Insurance | Consulting
Setting the "GDPR" Framework of a State-owned company
Non-Profit & Public | Consulting
