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Risk driven intelligence is an important parameter for guiding all strategic decisions such as CapEx investments, M&A transactions, venturing into a new market, or launching a new product
In today’s business environment, organizations around the world, particularly financial services organizations, are determined to build a “no-surprise” operating environment to hedge against inherent market volatility. In our experience working and learning from some of the largest banks and financial services organizations in the world, we have seen first-hand the need for greater intelligence around an organization’s risk profile. The messages coming from the Board of Directors and Senior Management further articulate this need for a new kind of risk management, one that includes other data points besides traditional ROI calculations alone. Risk driven intelligence is an important parameter for guiding all strategic decisions such as CapEx investments, M&A transactions,venturing into a new market, or launching a new product.
Risk Driven Intelligence: MetricStream’s Vision for Better Business Performance
The MetricStream solution for Enterprise-Wide Risk Management is designed to provide a risk based approach for generating risk driven intelligence, which aides in strategic decision making, and ultimately leads to better business performance. A risk based approach to strategic decision making provides management with a systematic way of recognizing and managing the risks associated with today’s volatile business environment in order to stay one step ahead of the risks, one step ahead of the opportunities, and one step ahead of the competition. By using a risk based approach to strategic decision making, organizations can:
Risk Driven Intelligence: What Does it Mean for the Organization?
Risk driven intelligence leads to a higher market valuation for firms. This correlation is intuitive and based on the fact that firms with higher visibility and control over their enterprise-wide risk exposures achieve higher degrees of certainty around decisionmaking and performance. Thus, shareholders of firms who use risk driven intelligence for strategic decision making reap a higher return on their investments.
The MetricStream solution provides risk driven intelligence at multiple levels of the organization, giving key stakeholders risk information, which assists in making faster and more reliable business decisions. All stakeholder groups within the organization benefit from risk intelligence generated from the MetricStream solution for Enterprise-Wide Risk Management.
Board of Directors
Chief Executive Officer
Chief Financial Officer
Risk Driven Intelligence: MetricStream’s Built In Analytical Engine
MetricStream’s analytical engine automates the process of identifying, measuring, monitoring, analyzing, and managing all kind of risks, and enables businesses to integrate their risk data including risk and control assessments, loss events, key risk indicators, and issue/action plan management, within one single environment.
MetricStream’s analytical engine provides a rigorous, scientific methodology for assessing and managing risk. The solution incorporates a broad range of analysis techniques to meet and exceed the best-practice recommendations of the Basel II Loss Distribution Approach (LDA).This solution provides a comprehensive portfolio of functionality for business intelligence, predictive analytics, financial performance and strategy management, and analytic applications in order to provide clear, immediate, and actionable insights around performance, with the ability to better predict and control future outcomes. Some of the risk analytics capabilities built into the solution is as follows:
The MetricStream solution’s analytical engine provides a wide variety of statistical and graphical techniques, including linear and nonlinear modeling, classical statistical tests, time-series analysis, classification, clustering, and others. The solution integrates risk indicators and control assessment scorecard results for dynamic modeling of operational VaR. Having an accurate picture of VaR enables organizations to optimize capital allocation, to satisfy business best practices, and to regulatory requirements.