EWRM Gap Analysis
Banks are facing increasing pressure from regulators, rating agencies and shareholders to improve their ability to accurately measure and manage risk on an enterprise-wide level. A comprehensive risk management function within a bank should include the right expertise, risk systems that drive the calculation of key metrics and a robust data system for capturing the data necessary to support those systems and metrics.
Depending on the bank’s current sophistication, achieving all of this can be daunting. To complicate matters further, the bank’s decision makers and the external constituencies may have numerous, and often competing views, on which aspects of risk management to prioritize.
SunGard can help. SunGard’s Ambit Risk Consulting provides a comprehensive Enterprise-Wide Risk Management (EWRM) Gap Analysis to help banks develop a best-in-class risk management function.
Features
- Facilitates identification of key risk-based decisions the bank would like to make and ensures that the bank has the necessary expertise and organizational structure to internally support and promote these risk management objectives
- Makes recommendations on the types of models that the bank must put in place or, in some cases, revisions that may need to be made to existing models.
- Describes analyses that should be conducted to support and parameterize those risk models and the data required.
- Examines the bank’s available data and existing benchmarks to make recommendations on how to improve data collection so that it can best support the analyses, models and decisions that rely on it
Benefits
- Provides banks with a prioritized, descriptive list of current shortcomings in the risk management function, as well as a roadmap and cost estimate for achieving best practice enterprise-wide risk management.
- Allows the bank to make some “quick wins” to enhance their risk management function and develop a long-term strategy to tackle the more complicated improvements
