Risk Analytics
Utilise quantitative methods, stress testing approaches and risk modelling to support robust integrated risk management frameworks and methodologies
Type
Functional
Competency Area
Risk Management, Governance and Regulatory Compliance
Levels
Implement basic stress testing to identify, assess and report risks
Execute risk assessment and modelling processes
Conduct bottom-up and top-down stress testing approaches
Analyse stress test results and/or risk models to identify, assess and report risks to relevant stakeholders
Report possible impact of identified risks on organisation’s risk exposure, risk profile business and/or environment
Develop pricing and valuation models according to parameters to identify risks involved
Propose possible risk response activities aligned to identified risks
Facilitate risk response activities with organisational stakeholders
Design quantitative models for risk scenarios, and stress testing processes
Define objectives, variables and parameters for risk analytics and risk modelling activities
Identify possible scenarios and implementation strategies for scenario analyses and stress testing
Derive and report outcome of stress test results analyses
Assess and report identified risk events and their impact to the organisation
Identify and propose risk response activities
Define appropriate data management initiatives
Monitor risk analytics activities and propose improvement initiatives to mitigate risk
Propose valuation and pricing for products and services based on models
Drive strategy for implementing quantitative testing approaches
Define organisation’s risk analytics framework, policies and processes and objectives
Develop key risk indicators for organisation
Define forward looking scenarios for stress testing and scenario analyses
Regularly report risk analytic activities and findings to senior management
Propose and deploy appropriate risk controls to ensure compliance and manage risk exposure
Align risk analytics activities with enterprise risk management approaches
Design and prepare crisis management and business continuity approaches
Advice organisational stakeholders on overall risk appetite and risk tolerance limits