Archer Operational Risk Management is a combination of use cases that are core to a typical operational risk management program, including: Top-Down Risk Assessment, Bottom-Up Risk Assessment, Loss Event Management, Key Indicator Management, Risk Catalog, and Issues Management. By integrating these use cases, Archer helps risk managers implement a comprehensive operational risk management program that provides transparency through reporting, dashboards, and notification alerts. It also reinforces desired accountability and risk management culture throughout the organization.
Archer Operational Risk Management enables you to catalog business processes and sub-processes, document risks associated with business processes, and mitigate controls. Risk assessments can be performed on a top-down basis through first line of defense self-assessments and through targeted bottom-up assessments. Loss events can be cataloged, and root-cause analysis can be performed and routed for review and approval. Key risk and control indicators can be established and associated with risk and control registers, respectively, and monitored to provide early warning of changes in the organization’s risk profile.
For the key features and benefits of this use case, see the Data Sheet on the Archer Community: https://community.rsa.com/docs/DOC-40093