Skip to content

Product tour

Risk and control self assessment in Protecht ERM.

Effective risk and control self assessment (RCSA) is crucial for:

  • Identifying operational exposures
  • Evaluating the effectiveness of your controls
  • Ensuring compliance with regulatory requirements

  • By regularly conducting RCSA, organisations can proactively identify emerging risks and strengthen their risk management framework. Find out how Protecht ERM can enhance your RCSA process in our product tour video.

    Watch now to see how Protecht ERM supports your journey towards robust risk governance.

     

    Book a demo with one of our product specialists today to find out more about RCSA in Protecht ERM: 

    Request a demo

    Product tour contents

    Introduction to RCSA and Protecht ERM: 

    • Overview of the RCSA process and its importance in risk management. 
    • How Protecht ERM streamlines RCSA activities. 

    Overview of the RCSA process: 

    • Explanation of the RCSA process for identifying operational exposures and evaluating controls. 
    • Importance of conducting RCSA by first line of defence risk owners. 
    • Role of RCSA in identifying emerging risks and ensuring regulatory compliance. 

    Critical success factors in RCSA: 

    • Maintaining a well-established risk and control library. 
    • Utilizing risk scales and metrics for quantifying and qualifying risks. 
    • Ensuring consistent linking of incidents, findings, issues, and actions. 

    Dashboard overview: 

    • Comprehensive view of the risk program through the Risk Scorecard Dashboard. 
    • Aggregating data to connect risks, controls, KRIs, actions, and incidents. 
    • Benefits for first, second, and third lines of defence in risk management. 

    Risk assessment process: 

    • Simplified risk assessment process aligned with ISO 31000 standards. 
    • Consistent taxonomies through centrally managed libraries. 

    Rating risks and controls: 

    • Inherent risk rating using a five-by-five scale before control implementation. 
    • Continuous assessment of controls and residual risk ratings. 

    Assigning actions and control testing: 

    • Setting up action plans to improve control effectiveness. 
    • Performing detailed control tests and documenting outcomes. 
    • Scheduling future reviews of risks and controls with automated notifications. 

    Summary and additional resources: 

    • Overview of how Protecht ERM enhances the RCSA process. 
    • Call-to-action to explore more resources on the Protecht website.