Base Block: Module 3
RCSA
RCSA (Risk and Control Self-Assessment) empowers your business to identify, evaluate, and manage risks and controls that may impact performance.
Seamlessly aligned with the Risk Appetite framework, the module offers automatic calculations for inherent and residual risk ratings and supports the exploration of multiple risk and control perspectives.
The purpose of the RCSA module is to help inform management decision making about priority risks potentially affecting business performance.
Key Features Include:
- FinMio Risk Library: Quickly identify risks that may prevent your business from achieving its objectives, with a user-friendly interface for meaningful and efficient risk management.
- Top Risk Monitoring: Focus on inherent vs. residual risks to prioritise critical areas.
Comprehensive Risk Assessments: Conduct RSCAs across 8 dimensions – Business Objectives, Processes, Products, Regulations, Projects, Systems, Partners, and Resilience. - Integrated Functionality: Our RCSA module integrates with the Risk Appetite and Issues Management modules for faster impact analysis and proactive issue resolution.
- Compliance Excellence: Perform regulatory risk and control assessments tailored for all compliance and conduct risks.
With flexibility and efficiency at its core, the RCSA module simplifies the risk assessment process, enabling businesses to stay ahead in managing their risk landscape effectively.
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