Overview
Profile's RiskAvert is a comprehensive Risk & Compliance management platform designed for Financial Institutions to streamline data gathering, reconciliation, calculation, and reporting of regulatory risks—credit, market, operational, and concentration. It operates within a modular yet fully integrated environment.
Supporting all approaches for Operational, Market, and Credit Risk Calculation, RiskAvert enables a smooth transition from standardised to advanced IRB approaches. It also includes XBRL validation and conversion for multiple taxonomies.
With a robust cube-based MIS reporting engine, the platform ensures compliance with market disclosure requirements, supervisory reviews through stress-testing, and thorough concentration risk measures and reporting.
Key Features
- Comprehensive coverage of EU-CRR/CRD regulations, including future updates
- Credit risk capital requirements based on Standardised and IRB approaches
- Capital requirement calculations for Securitization positions (SEC-SA, SEC-IRBA)
- Parallel run of SA and Quasi IRB approaches within ICAAP
- Scenario-based stress testing and budget projections
- Concentration risk analysis by geography, product, portfolio, and collateral type
- Extraction of Pillar III tables for consistent and reliable information disclosure
- Full XBRL support for supervisory reporting and validation rules
- Error checking and reporting for data accuracy
Key Benefits
- Proven experience in Basel IV project implementations
- Reliable ETL tool, risk datamart, and MIS reporting capabilities
- Open architecture for customisable calculations and reporting
- Comprehensive regulatory reporting and compliance support
- Intuitive, user-friendly interface for ease of use
- Single platform solution for seamless operations
- Full auditability and transparency
- Cost-effective risk management solution
