Risk officers are required to be able to provide information at any time, control processes, and ensure consistent audit reliability in risk reporting and the management of derived measures. In many banks, this is still largely done manually using Microsoft Office and E-mail. However, these solutions cannot provide the required transparency and speed.
More than ever before, banks need to translate the data required for reporting into an overarching management view and gain transparency about modes of impact in the current portfolio. Additional requirements arise from regulations such as the BCBS 239 standard or new regulatory contexts such as the EBA guidelines and Environmental, Social, Governance (ESG).
Risk officers face challenges in meeting regulatory requirements for cross-risk IT infrastructure, data management, and risk reporting, including the following:
The Portfolio Management Business App is based on a pre-designed concept with customizable report elements as well as established process models for report generation.
The app was implemented on the isfinancial banking platform and thus offers a balance between agility and change dynamics on the one hand, and stability and conformity on the other. This combines the advantages of a flexible process and solution platform with those of a stable and compliant production system.