RiskSpotlight Portal
"World's first forward-looking operational risk content service."
Operational Risk Horizon Scanning
The RiskSpotlight Portal is the ideal partner for pro-actively monitoring emerging operational risks, best practices, regulatory updates, and external loss events. Tailored to meet the needs of diverse organizational roles, our comprehensive content and insights empower you to manage risks effectively and maintain regulatory compliance. The external content can inform risk & compliance activities for following stakeholders:
- Risk and Control Owners within the 1st line
- Risk Champions within the 1st line
- Group Risk Functions
- Group Compliance Functions
- Risk Governance Committees
- Internal Audit
- Group Business Functions (e.g. IT, Finance, HR)
- Specialist Risk Functions (e.g. Cyber Risk Team, Financial Crime Team)
Iosifina Degaita, Head of Group Operational Risk (National Bank of Greece)
- RiskSpotlight is a valuable tool to foster a risk-aware culture within our organization. Articles and medium-scale studies have proven to be of a great interest to our OpRisk correspondents. The Portal is presented in a user friendly manner and all information can be viewed through a number of dimensions (risk category, location/region, emerging topics/loss events, etc) which makes it truly easy to be used regularly.
Tim Ashton, Head of Enterprise & Operational Risk (Metro Bank,UK)
- Understanding and responding to the risk landscape beyond our own organisation is a key pillar of our risk management framework. RiskSpotlight provides us with a central repository of up-to-date information on external operational risk events, emerging risk trends as well as directly actionable insight such as scenarios that we make use of as part of resilience and capital planning. The portal is used by risk colleagues across all lines of defence and is empowering them to support our business teams in safely achieving their strategic objectives.
Keith Bason, Head of ERM and Operational Risk (The London Metal Exchange)
- The RiskSpotlight Portal allows us to benchmark our internal operational risk models against real-world events, incidents, and scenarios, ensuring our risk-based capital calculations are more comprehensive. We analyse the external information published by RiskSpotlight to identify emerging trends and risks that may not be apparent from internal data alone, enhancing our preparedness. This external perspective enables us to refine our regulatory capital strategies, ensuring they are aligned with the broader industry challenges and developments.
Antoine Aquilina, Head of Operational Risk and ISO (Bank of Valletta plc)
- In a very busy working schedule, RiskSpotlight Portal is a good tool to stop for a few minutes and navigate through various risk topics and keep abreast. The ‘News Articles’ tab is an excellent tool as it offers the opportunity to read articles on a vast range of topics populated in the portal by various sources. By navigating through events that are reported by various institutions, the portal provides an opportunity for early deduction and assessments of potential incidents that can happen in our organization.
Monthly Deep Dives
- Our deep dives feature offers in-depth analysis of current operational risk topics prioritised by our subscribers
- Each deep dive provides:
- concise and specific analysis
- focused on key operational risk aspects
- highlighting effective mitigation strategies
- The deep dives are essential for keeping your risk management strategies current and robust
- You can download a sample deep dive from here
OpRisk Radar Dashboard
- Highlights key emerging risk topics that you should be monitoring
- Topics are identified by daily monitoring of 100s of global risk news sources
- Topics are continuously ranked by level of recent media coverage
- Provides digestible current information for proactive risk management
- Enables prioritisation of scarce resources to the most critical and emerging operational risks
- Reduces the risk of overlooking important developments by highlighting key areas of concern
Comprehensive OpRisk Library
- A detailed library of 126 fundamental operational risks developed specifically for financial services
- The library contains fully linked suggested content:
- 451 Causes
- 1,102 KRIs
- 1,117 Controls
- 80 Impacts
- Based on best-practice frameworks (Basel Sound Principles, ISO 31000, COSO ERM)
- Save up to 80% time and cost in developing your OpRisk Library
- Benchmark and enhance your existing library, assuring stakeholders by aligning with external best practices
Scenario Library
- Curated collection of severe and plausible operational risk scenarios
- Based on a fictitious bank (RWS Group), each scenario is documented in detail covering:
- Background
- Scenario Timeline
- Financial Impacts
- Non-Financial Impacts
- Crisis response
- Failed controls
- Insurance analysis
- Key lessons learnt
- Utilise to assess and strengthen resilence and response strategies
- Adapt to create tailored in-house scenarios
- Opportunity to have custom scenarios designed for your organisation
- You can download a sample of a scenario from here
External OpRisk Events
- A dashboard of key external operational risk events in the financial services industry
- Each event is documented in detail covering:
- Summary & Timeline
- Causes & Controls
- Financial Impacts
- Customer Impacts
- Reputational Impacts
- Operational Impacts
- Regulatory Impacts
- Technology Impacts
- Events are added and updated every week
Additional Portal Content Features
- Weekly operational risk news podcast of maximum 10-minute duration
- Weekly wordcloud highlighting 50 most common operational risk terms
- Fully searchable repository of 60,000+ news articles categorised by 126 operational risks
- Easily navigable database of 2,000+ operational risk publications covering regulatory documents, surveys and reports
Annual Subscription Packages
