
RISK ASSESSMENT PLATFORM
What is the Risk Assessment Platform?
Increasingly, regulations require organisations to take a risk-based approach to their compliance programs. The robustness of the risk assessment has therefore become critical to the governance of compliance programs.
Arctic's risk assessment solution is a cloud-based platform designed to help businesses identify, assess, mitigate and manage AML compliance, bribery, fraud, cyber and other risk domains.
RISK ASSESSMENT PLATFORM
How it works
Risk Assessment Platform is a market-leading solution, purposefully designed by subject matter experts to allow regulated businesses to take control of the enterprise-risk management process.
By combining the latest technology with industry best-practice thinking into an easy-to-use and highly configurable platform, you will be able to understand your risk profile and ensure the most effective controls are applied to reduce your organisations risk exposure.
By answering some simple questions about your business, our step-by-step process provides you with the following outputs:
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CONFIGURE
- Bring your own content or
- Buy content modules
- Risk libraries - AML/CFT, Anti-bribery,
Fraud, IT/Cyber and Controls library
- Select risk rating methodology
- Calibrate / configure risk platform
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CONDUCT
- Define assessment context
- Conduct risk analysis
- Conduct controls testing
- Document risk treatment activities
- Document actions and issues
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REPORT
- Draft executive summary report
- Draft key findings and observations
- Make recommendations
- Seek management responses
- Edit, review and publish the report
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ANALYSE
- Risk dashboards
- Operational dashboards
- Breach and incident dashboards
- Data analyser, benchmark compliance
- Enterprise data analytics
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IMPLEMENT / OPERATIONALISE
- Then simply review and refresh, returning to the first step.
RISK ASSESSMENT PLATFORM
What are the key features?
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Highly configurable risk assessment framework based on industry standards
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Import your own risks and controls or use our expert content modules
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Flexible risk methodology, tailored to your risk-based approach
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Structured workflow process for assessing risks and controls
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Breach and incident reporting supports day-to-day operations
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Action and issue tracking helps manage improvements
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Enterprise risk analytics across your organisation
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Flexible deployment options - fully-hosted or deployed on-premise
RISK ASSESSMENT PLATFORM
Why choose our product?
Risk assessments conducted on spreadsheets can make reporting and benchmarking very difficult. Knowing what risks to assess can be a challenge with experts in short supply.
DOWNLOAD SOLUTION OVERVIEW
RISK ASSESSMENT PLATFORM
Pricing
If you would like to arrange a full demo or understand more about our hosted, on-premise or private cloud licensing arrangements please contact us to discuss your requirements.