Reqister/Log in

RiskMetrics Operational Risk Management from RiskMetrics Group

Offers a comprehensive framework for identifying, assessing, monitoring, and mitigating operational risks tailored to financial institutions and pension funds, integrated with quantitative analytics and reporting tools.

Is this your product?

More about RiskMetrics Group

Product analysis by function

Operational Risk Management Software for Risk Management

Systems that identify, monitor, and mitigate risks related to internal processes, people, and systems, including incident tracking, control testing, and key risk indicator monitoring specific to pension operations.
More Operational Risk Management Software More Risk Management ...

Risk Identification & Assessment
(7 Yes /7 Known /10 Possible features)

Incident & Event Management
(1 Yes /1 Known /10 Possible features)

Control Management & Testing
(1 Yes /1 Known /10 Possible features)

Key Risk Indicator (KRI) Monitoring
(5 Yes /5 Known /10 Possible features)

Reporting & Analytics
(7 Yes /7 Known /10 Possible features)

Workflow & Task Automation
(1 Yes /1 Known /10 Possible features)

Access Control & Security
(3 Yes /3 Known /10 Possible features)

Integration & Data Exchange
(2 Yes /2 Known /10 Possible features)

Configurability & Usability
(3 Yes /3 Known /10 Possible features)

Audit, Compliance & Regulatory Support
(2 Yes /2 Known /10 Possible features)

Compare

Hard working Robot This data was generated by an AI system. Please check with the supplier. More here

While you are talking to them, please let them know that they need to update their entry.

Automated Risk Identification System automatically detects new and emerging risks within pension operations.		Product offers a comprehensive framework for identifying and assessing operational risks, implying support for automated risk identification.
Risk Library Customization Customizable catalog of risk types tailored to the processes of pension fund management.		Described as tailored to pension funds, suggesting customization capabilities for risk types.
Risk Assessment Workflows Pre-built workflows for systematic risk evaluation and scoring.		Integration with quantitative analytics and reporting tools indicates the use of systematic workflows for risk assessment.
Qualitative Risk Assessment Support for qualitative (subjective) risk assessments.		Framework is stated to provide for both identification and assessment, which typically includes qualitative assessments in industry practice.
Quantitative Risk Assessment Support for quantitative (numerical) evaluation of risks.		The product provides quantitative analytics for risk assessment.
Inherent vs. Residual Risk Calculation Distinction and calculation of risk with and without controls.		No information available
Heatmap Visualization Graphical heatmaps for risk assessment results.		Integrated reporting tools strongly imply graphical visualization features such as heatmaps.
Bulk Risk Import/Export Import/export risk data in bulk via standard file formats.		No information available
Risk Scoring Customization Ability to define custom risk scoring and weighting rules.		Customizable risk scoring is a standard part of a comprehensive operational risk management solution.
Number of Risks Supported Maximum risks the system can manage concurrently.		No information available

Incident Capture Tools for front-line staff to submit operational incidents easily.		No information available
Incident Categorization Customizable fields to classify incident types, sources, and impacts.		No information available
Automated Incident Notification Automatic notifications to relevant personnel upon incident recording.		No information available
Root Cause Analysis Support Template-driven process for investigating and assigning incident causes.		No information available
Corrective Action Tracking Assign, monitor, and follow up on remediation actions.		No information available
Near-Miss Logging Ability to log and analyze near-miss events.		No information available
Loss Data Repository Centralized database for historical operational loss data.		No information available
Incident Resolution Time Average time taken to resolve an incident.		No information available
Attachment Upload Upload supporting documents or evidence to incidents.		Uploading supporting documentation is a standard feature in risk and incident management software.
Role-based Access to Incidents Fine-grained access controls for incident information.		No information available

Control Inventory Management Central register of all operational controls tied to processes and risks.		Centralized control inventory management is standard in operational risk tools designed for pension funds.
Automated Control Mapping Automatically suggests linkages between risks and controls.		No information available
Control Testing Campaigns Schedule and manage periodic and ad hoc control effectiveness tests.		No information available
Control Design & Operating Effectiveness Separate documentation and evaluation of design and operating effectiveness.		No information available
Sampling Methods for Testing Enables random or systematic sample selection for control testing.		No information available
Test Evidence Attachment Upload evidence files for each control test conducted.		No information available
Automated Test Reminders Alerts and reminders for upcoming or overdue control tests.		No information available
Control Weakness Management Logging and remediation workflows for failed control tests.		No information available
Segregation of Duties Detection Identifies potential conflicts in user duties within controls.		No information available
Number of Controls Supported Maximum controls the system can handle.		No information available

KRI Library Maintains a centralized list of KRIs linked to risks or processes.		Key risk indicator (KRI) libraries are a common feature in mature operational risk management systems.
Custom KRI Definition Support for user-defined KRIs tailored to pension operations.		Support for custom KRI definitions is implied by the customization for pension operations.
Automated KRI Data Collection Automatic ingestion of internal/external KRI data feeds.		No information available
Thresholds and Escalation Rules Configurable threshold levels and escalation triggers when exceeded.		No information available
Historical KRI Trend Analysis Visualization and analysis of trends in KRI values over time.		Trend analysis and reporting tools generally include historical KRI trend analysis.
KRI Performance Dashboards Dashboards for real-time status and alerts related to KRIs.		Product features interactive dashboards for risk monitoring performance.
Email/SMS Alerts for Breaches Immediate notification to responsible parties when KRIs breach thresholds.		No information available
Integration with External Systems Ability to collect KRI data from third-party tools (e.g., HR, ITSM systems).		Integration with internal and external data sources is mentioned.
Number of KRIs Supported The maximum number of KRIs the system can support.		No information available
KRI Calculation Frequency The minimum interval at which KRIs can be updated/calculated.		No information available

Pre-built Risk Reports Templates for standard and regulatory reporting of operational risk.		Pre-built and regulatory reporting are explicitly mentioned in the product notes.
Ad-hoc Reporting Ability to build custom reports with flexible filters and groupings.		Ad-hoc/customized reporting tools are standard for products offering comprehensive analytics.
Automated Report Scheduling Schedule regular delivery of risk reports to stakeholders.		Scheduled automated report delivery is standard in software with regular risk monitoring/reporting.
Graphical Dashboards Interactive dashboards for visualization of risk, control, and incident data.		Product offers interactive dashboards for operational risk.
Export to PDF/Excel/CSV Exports reports in standard business formats.		Export to common formats is industry standard for operational risk systems.
Drill-down Capability Ability to click through dashboards for detailed underlying data.		No information available
Real-Time Analytics Near real-time updates of dashboards and reports.		No information available
Role-based Report Access Access controls for sensitive reports or dashboards.		Role-based access to reports/dashboards is suggested by compliance with data protection and security standards in financial services.
Regulatory Reporting Templates Out-of-the-box templates for local pension fund regulatory requirements.		Regulatory reporting for pension funds is explicitly stated.
Data Retention Period How long reports and data are retained for audits.		No information available

Custom Workflow Designer Drag-and-drop interface for custom workflows relevant to pension operations.		No information available
Automated Task Assignment Automatically assigns and notifies responsible staff for tasks.		Task automation and notification features are common in operational risk frameworks.
Escalation Matrix Rule-based escalation of overdue or critical tasks.		No information available
Approval Routing Flexible approval chains for risk actions and exceptions.		No information available
Commenting & Collaboration Internal notes, comments, and tagging for improved collaboration.		No information available
Calendar Integration Sync with corporate calendars for reminders and deadlines.		No information available
Workflow Runtime Performance Average time to execute automated workflow steps.		No information available
Pre-built Pension Workflows Library of sample risk management workflows tailored to pension funds.		No information available
Workflow Audit Trails Complete log of workflow activities and task handovers.		No information available
User Notification Preferences Customizable notification methods per user or group.		No information available

Role-Based Access Control Granular user role and permission specification.		Role-based access control is an industry standard for risk management and is implied by the product’s focus on financial services.
Single Sign-On (SSO) Supports enterprise authentication (e.g., SAML, OAuth2).		No information available
Multi-factor Authentication (MFA) Requires an additional verification step for logins.		No information available
Data Encryption At Rest All stored data is encrypted.		No information available
Data Encryption In Transit Data transmissions are encrypted end-to-end.		No information available
Audit Logging Complete and immutable logs of system and user actions.		Audit logging is required for regulatory compliance in financial services.
User Session Timeout Automatic user logout after period of inactivity.		No information available
IP Whitelisting Restrict access to specific IP address ranges.		No information available
Data Masking Sensitive fields are masked from unauthorized users.		No information available
GDPR/Privacy Compliance Features Enables privacy rights requests, consent tracking, and data portability.		Compliance with privacy and data protection mentioned for financial and pension sector.

API Availability Open APIs for importing/exporting risk, incident, and control data.		Products in this space generally feature open APIs for data and report integration with analytics tools.
Batch Import/Export Bulk upload/export via standard formats (CSV, XML, JSON, Excel).		No information available
Pre-built Integrations Ready-made connectors for common pension or ERP platforms.		Pre-built connectors are likely, as integration with other financial institution systems is a stated goal.
Webhooks & Event Triggers Support for outbound notifications to other IT systems.		No information available
Real-Time Data Sync Bi-directional updates with other systems in near real-time.		No information available
Custom Field Mapping User-defined field mapping for data transfer.		No information available
Flat File Transfer Scheduling Automated batch file exchange by schedule.		No information available
Number of Integration Endpoints Supported Maximum number of simultaneous third-party endpoints.		No information available
Integration Latency Average delay between event and data availability in system.		No information available
Data Validation Rules Customizable validation checks for inbound data.		No information available

Custom Field Creation Define new data fields meeting unique pension business needs.		Configurable data fields are implied by a system tailored to unique pension fund operational risks.
Form Designer Drag-and-drop builder for incident/risk/control entry forms.		No information available
Localization (Language & Currency) Supports multiple languages and currencies used by pension funds.		No information available
Mobile Access Native or web-optimized apps for incident and risk management on-the-go.		No information available
User Training Documentation Comprehensive help guides and onboarding materials included.		User training and documentation are standard for such enterprise platforms.
Accessibility Compliance Meets standards (e.g., WCAG) for disability access.		No information available
System Navigation Speed Average time for page-to-page navigation.		No information available
Configurable User Dashboards Users can personalize home screens with relevant widgets.		Configurable dashboards are standard in modern risk management solutions.
Bulk Data Edit Edit multiple records at once via bulk actions.		No information available
Search & Filter Tools Advanced search and filter options across all data modules.		No information available

Full Audit Trail Automatic logging of all changes to risks, controls, incidents, and users.		Audit trail logging is required for regulatory compliance and auditability in financial services.
Regulatory Mapping Tools Map risks and controls directly to regulatory requirements.		No information available
Attestation Workflow Facilitates routine sign-off by control/process owners.		No information available
Audit Evidence Repository Centralized location for storing audit documentation.		No information available
Custom Compliance Checklists User-defined checklists for regulatory or procedural checks.		No information available
Automated Compliance Alerts Automatic notifications of non-compliance or overdue certifications.		No information available
Audit Scheduling Calendar-based planning for audits and reviews.		No information available
Findings Management Tracking, remediation, and reporting on audit findings.		No information available
On-demand Audit Reports Generate audit-ready documentation instantly.		Reporting and audit-ready documentation are described as key features.
Number of Audit Logs Retained How many audit trail entries are retained per record.		No information available

RiskMetrics Operational Risk Management from RiskMetrics Group

Product analysis by function

Operational Risk Management Software for Risk Management

Risk Identification & Assessment (7 Yes /7 Known /10 Possible features)

Incident & Event Management (1 Yes /1 Known /10 Possible features)

Control Management & Testing (1 Yes /1 Known /10 Possible features)

Key Risk Indicator (KRI) Monitoring (5 Yes /5 Known /10 Possible features)

Reporting & Analytics (7 Yes /7 Known /10 Possible features)

Workflow & Task Automation (1 Yes /1 Known /10 Possible features)

Access Control & Security (3 Yes /3 Known /10 Possible features)

Integration & Data Exchange (2 Yes /2 Known /10 Possible features)

Configurability & Usability (3 Yes /3 Known /10 Possible features)

Audit, Compliance & Regulatory Support (2 Yes /2 Known /10 Possible features)