RiskIntelliSet

RiskIntelliSet is a comprehensive and flexible operational risk management solution designed to meet the needs of small, medium, and large firms. According to the vendor, this software solution provides highly-configurable support for various risk management activities, including risk and control assessment, internal loss data management, key risk indicator (KRI) data management, and scenario assessment. RiskIntelliSet is aimed at professionals in industries such as banking, asset management, insurance, financial services, and risk management, allowing them to effectively identify, assess, and mitigate risks within their organizations.

Key Features

According to the vendor, RiskIntelliSet offers the following key features:

Risk and Control Assessment: The software provides highly flexible and configurable support for assessing and documenting risks and controls within an organization, enabling the systematic identification, evaluation, and management of risks.

Internal Loss Data Management: RiskIntelliSet offers comprehensive support for capturing and analyzing internal loss events, facilitating the identification of trends and patterns in loss data for risk mitigation and decision-making.

Key Risk Indicator (KRI) Data Management: The software provides robust functionality for defining and tracking key risk indicators (KRIs) to monitor risk levels, allowing for customization and configuration based on specific requirements, and providing a centralized platform for data collection, analysis, and reporting.

Scenario Assessment: RiskIntelliSet supports the assessment and analysis of various risk scenarios, enabling users to define and evaluate hypothetical adverse events, conduct scenario-based risk analysis and stress testing, and identify potential vulnerabilities and risk mitigation strategies.

Vendor and Outsourcing Management: The software offers specialized functionality for managing vendor relationships and outsourcing activities, supporting due diligence, contract management, and performance monitoring, and providing transparency and oversight of vendor activities and compliance.

Business Resiliency Management: RiskIntelliSet provides comprehensive support for assessing and managing risks related to business continuity and disaster recovery, facilitating the development and testing of resiliency plans, and enabling proactive risk mitigation and response strategies.

Process and Controls Documentation and Management: The software offers robust functionality for documenting and managing processes and controls, supporting the creation and maintenance of process maps, control frameworks, and documentation, and providing a centralized repository for process and control information.

Data Privacy and Security Management: RiskIntelliSet provides specialized functionality for managing data privacy and security risks, supporting compliance with data protection regulations and standards, enabling risk assessment and management, and facilitating the implementation of privacy and security controls.

(Note: Due to the length of the feature descriptions, only eight features are provided.)