GEOPOLITICAL RISK MANAGEMENT FOR CONNECTED RISK®
Geopolitical risk management equips your organization with the tools needed to benefit from both risk and disruption.
It empowers decision makers and risk professionals alike – giving them confidence when accepting risk by ensuring that the data supporting their decisions is dependable and complete. This new attitude to risk is vital in an era that demands a faster response to new opportunities and potential threats.
The acceleration of innovative technology, more data availability, and changing business models and value chains are transforming the ways you service your customers, interact with third parties, and operate internally.
Geopolitical Risk Management, a solution on our Connected Risk® platform, provides an aggregated view of risk, data analytics to assess your risk and controls, and the ability to integrate disparate data sources to house all relevant information – helping achieve a risk mitigation strategy that suits your business objectives.
Geopolitical Risk Management works to leverage and integrate existing solutions that continue to add value to provide you with a holistic overview of the risk landscape.
Empower your geopolitical risk management practices with features designed to expand your Connected Risk® solution
Risk Management empowers your teams to have a more agile approach to risk through our flexible assessment engine, which uses dynamic building blocks that align with your business’s unique methodology. The solution’s powerful data mapping capabilities draw on many sources of data when completing the assessment, allowing you to mould each assessment to your exact requirements. While traditional solutions are built on preconceived use cases, often leaving little flexibility, Risk Management offers a more fluid approach that allows you to tailor your own risk solutions on our platform or take our out-of- the-box solution and refine it, as necessary.
Indicators
- Risk Management allows you to create indicators for risks and controls, enabling you to:
- Process updates in bulk
- Alert you to threshold breaches
- Set-up regular review cycles
Incidents
- Quickly capture incidents and assess their impact
- Manage incidents from capture to closure
- Record losses and recoveries
- Report across the lifetime of the incident
- Track incidents and feed information into the ongoing assessment methodology
All collated risk information is exposed through an integrated reporting engine that allows for the configuration of reports, charts, and heat maps. Interactive, drillable dashboards and advanced visualizations bring the risk profile to life and are configurable by users. Furthermore, if a risk tolerance level is breached at any time it is reported with associated alerting.
Risk Management is a solution that evolves with your business, your risk profile, and your risk processes; offering you a flexible structure with the ability to effortlessly modify at no additional cost. The solution, and your risk processes, empowers staff in the risk space, giving them the confidence to go from saying “no” to “yes” by effectively removing barriers to help them embrace risk with more confidence.
Connected Risk provides sophisticated integrated reporting that can be applied to all solutions that sit on the Connected Risk platform. This offers a comprehensive and advanced business intelligence reporting capability that allows your teams to build and embed visually appealing and interactive reports on their Connected Risk dashboards.
The following are some of the key benefits:
- Centralize data designs and report management requirements
- Build data designs using Connected Risk elements
- Manage, publish, and organize reports to support the needs of specific user communities
- Enable users to reformat and filter reports to articulate specific insights and areas of focus
- Automatically extract reports to PowerPoint and other presentation formats
- Export your charts to Excel, including the underlying data set, enabling additional reporting options
Watch a quick video on Geopolitical Risk Management and its functionalities
In the past, risk professionals have had to accept that a solution could only manage a subset of enterprise risk management (ERM), for example, geopolitical risk management (GRM), operational risk management (ORM), credit risk management or market risk management.
With Connected Risk you receive advanced data mapping capabilities that enable multiple risk data streams to be combined with the solution to deliver a holistic view of risk, enabling your teams to:
Track history
Track the full history of the organization’s risk profile, utilizing an integrated reporting engine and mapping capabilities.
Maintain multiple taxonomies
Maintain multiple taxonomies and inter-relationships to provide an aggregated picture of risk across the business.
Create action plans
Create action plans in response to adverse risk indicators and incidents, from capture to closure.
Maintain a dynamic view
Maintain a dynamic view of risk appetite and execute robust responses to events that threaten to exceed your appetite
Benefit from flexible models
Benefit from a flexible “best of both” data model through the ability to leverage disparate data sources with integration into third-party systems
Schedule a demo of Connected Risk®'s geopolitical risk management module and see how your organisation can advance with confidence
Start a free trial of
Connected Risk®
"*" indicates required fields
Not quite ready for a demo?
Download a copy of our Geopolitical Risk Management datasheet and see how our geopolitical risk solutions can work for your organisation.
Share this page with your geopolitical risk practice
Expand and integrate your solution with
Regulatory Change Management
Quickly identify, capture and manage multiple sources of risk across the enterprise.
Compliance Management
Aggregate & streamline compliance programmes and reveal an understanding of your risks.
Model Risk Management
create and maintain your model inventory using effective workflow management.
"Powerful Platform For Compliance With Dynamic Regulatory Environment"
“The product is a powerful platform for regulated firms in the financial industry to comply with the ever-changing regulatory environment. The software helps my organization navigate rules and regulations, internal processes, and regulatory reporting requirements.”
Senior Associate, Finance Organisation with an annual return of $1-3BN USD
