Risk Management
Check and Demonstrate Your Firm's Compliance Against Each Risk Management Requirement:
Risk Identification Recording: Confirm logging of risk name and identification date, with guidance explaining why timely capture enables early intervention, supports FCA expectations for proactive monitoring, and builds a historical audit trail for oversight.
Likelihood and Impact Assessment: Verify slider-based evaluations for likelihood and impact, including rationale on why quantitative scoring prioritises threats, aligns with SYSC risk frameworks, and informs resource allocation to high-priority areas.
Automated Risk Rating Calculation: Document out-of-100 ratings derived from assessments, highlighting why objective metrics facilitate comparisons, drive mitigation priorities, and evidence proportionate controls under prudential rules.
Detailed Risk Description: Confirm comprehensive details of potential harms, explaining why in-depth documentation clarifies contexts, aids root cause analysis, and demonstrates thorough risk understanding to regulators.
Mitigation Strategy Outlining: Verify recorded actions to reduce or eliminate risks, underscoring why targeted plans minimise exposures, integrate with business continuity, and fulfil FCA requirements for effective controls.
Category Assignment Confirmation: Document classification (e.g., operational, financial), with insights on why categorisation streamlines reporting, aligns with ICAAP or ORSA, and ensures holistic coverage across firm operations.
Firms leveraging RegTechPRO achieve up to 40% faster risk assessments, with clear guidance on FCA expectations, turning threat management into strategic foresight.