Risk Management

The ExtraTextual™ enterprise risk management service provides a powerful tool to manage complex risk management activities, fully integrated with the ExtraTextual™ Compliance Management service.  ExtraTextual™ Enterprise Risk Management program assists in meeting your statutory obligations, including APRA requirements and is compatible with AS/NZS 4360 Risk Management Standard and COSCO.

Risks are identified, assessed, solutions identified, controls and procedures implemented.  Risks, once identified, are monitored, tracked and regularly reviewed.

The program provides for the generation and distribution of risk surveys.  These survey results are a useful tool in assessing the risks prior to inclusion into the risk register.

The enterprise risk management service integrates your assessment of Likelihood, Consequence and Control effectiveness to provide your risk rating together with multiple techniques to allow you to track your risks.

Risk reporting is comprehensive including multiple filters to produce either a full Risk Register or the segments required.  Graphical reports of Risk Appetite, Control Effectiveness, Inherent and Residual Risk are provided.

The ExtraTextual™ enterprise risk management service is integral for the management of your Anti-money Laundering program and for Incident management.