RiskAvert

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Overview

RiskAvert is the modern, robust and efficient risk management solution developed by Profile Software that assists Financial Institutions to gather and reconcile data, calculate, aggregate and report regulatory credit, market, operational and concentration risk in a natively integrated, yet modular environment. It covers all approaches for Operational, Market and Credit Risk Calculation allowing the Bank to evolve from a standardized approach towards the IRB approaches. The solution also accommodates IFRS 9 requirements as well as supporting XBRL validation and conversion functions for multiple taxonomies.

The solution’s comprehensive cube-based MIS reporting engine fully supports Market disclosure requirements, while supervisory review is covered through a holistic stress-testing framework, as well as extensive concentration risk measures and reporting.

Key Features

Pillar 1. Complete Risk Assessment

Full coverage of the Basel II / III accord and the EU-CRD Regulations

Performs daily RWA calculations for specific portfolios to better supervise regulatory capital

Regulatory reporting, including enhanced reporting requirements under Basel III

Pillar 2. Decision Support Framework

Stress-testing and multi-dimensional what-if analysis

Ability to apply sensitivity shocks and scenario analysis through idiosyncratic, systemic or combined approaches

Comprehensive concentration risk reporting

Pillar 3. Supervisory Disclosure

Comprehensive Pillar 3 reporting as per the Basel Accord

Annual review publications and custom management reports

IFRS 9: Supported

Integrated risk data model

Financial reporting: Balance sheet and risk management activities

Modeling methodology, compliant with IFRS 9

Various scenarios handling

Sensitivity analyses and

Calculation of interest rate

XBRL

Validation and conversion functions for multiple taxonomies

Key Benefits

Proven Basel II / ΙΙΙ project implementation experience

Tested ETL tool, risk datamart and MIS reporting

Open architecture – customisable calculation and reporting engine

Regulatory reporting and compliance

Intuitive, user-friendly interface

Single platform solution

Auditability and transparency

Cost effective risk management experience

Integrated approach to the IFRS 9 impairements safeguarding the business

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