Cyber IT Supervisory Forum eBook

ROBUST RISK MANAGEMENT EMPOWERS EACH LINE OF DEFENSE

LINES OF DEFENSE

RISK FUNCTION

PRIMARY USE CASES

 Board of Directors  Board Risk Committee  Internal Audit

Align Institution’s Behavior & Risk Appetite With Reporting, Dashboards & Insights

3 rd LINE

 Chief Risk Officer  ERM Function  Executive / Corporate Mgmt.

Embed Culture of Risk Connect Risk & Strategy Enable Efficient & Effective Regulatory Engagement

2 nd LINE

 Business Unit Leaders  Front Line Employees

Easily Capture & Monitor Risks & Controls of Daily Operations

1 st LINE

DATA IS THE CURRENCY OF THE FUTURE

• Risk Intelligence Platform Architecture & Data Flow

Generation of Benchmarking & Analytics (Regulatory-informed) (Industry-data) Risk Data Warehouse

Risk Insights Delivered

Data Sources

Risk Data Lake

Delivery of Insights & Analytics via web app (Watchtower or other), PowerBI, FI publishing mechanism or external warehouse/repository

(Peer-data) Data Marts

Aggregation & Curation

Product Subsystems General Ledger

KRIs

Risk Appetite

Risk Improvement Activities

Risk Maturity Frameworks

Risk Insight

Other Apps

Files

Web Services

Top Risks

Risk Assessments

Risks & Controls

…other subject-area marts

Serve

Transform

Ingest

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