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