RiskAvert is the robust Risk & Compliance management platform that assists Financial Institutions to gather and reconcile data, calculate, aggregate and report regulatory credit, market, operational and concentration risk in a natively integrated, yet modular environment.
The platform covers all approaches for Operational, Market and Credit Risk Calculation allowing the Bank to evolve from a standardised approach towards the IRB approaches. The solution also supports XBRL validation and conversion functions for multiple taxonomies.
Its comprehensive cube-based MIS reporting engine fully supports Market disclosure requirements, while supervisory review is covered through a holistic stress-testing framework, as well as extensive concentration risk measures and reporting.
Key Features
Full coverage of regulatory frameworks
Full coverage of the EU-CRR/CRD Regulation and its future evolutions
Credit Risk
Credit Risk capital requirements calculations according to Standardised and IRB approaches
Capital requirement calculations
Capital requirement calculations for Securitization positions according to SEC-SA and SEC – IRBA Approaches
I.C.A.A.P.
Parallel run of SA and Quasi IRB approaches in the context of ICAAP
Stress testing & budget projections
Capability to create, execute and compare various scenarios’ (stress testing, budget projections, etc.)
Concentration risk analysis
Perform concentration risk analysis based on key parameters (geographical concentration, products/portfolio concentration, collateral type concentration)
Consistent & Reliable Information Disclosures
Extraction of Pillar III related tables
XBRL
Full coverage of Supervisory reporting Validation rules, covering multiple EU and local data taxonomies
Reporting
Data errors checks and reporting
Benefits
Proven Basel IV project implementation experience
Tested ETL tool, risk datamart and MIS reporting
Open architecture – customisable calculation and reporting engine
Regulatory reporting and compliance
Intuitive, user-friendly interface
Single platform solution
Auditability and transparency
Cost-effective risk management experience
Why choose RiskAvert by Profile Software?
Proven market experience and successful project implementation ensure timely delivery and reliable performance of regulatory & compliance needs, deriving from international software and best practices.
RiskAvert combines the most comprehensive and flexible functionality with advanced technological and connectivity-enabling open architecture. Such a combination enables unprecedented power and flexibility to effectively meet the demanding and ever-evolving compliance needs of the banking sector.
Clients Testimonials
Bank of Epirus
"Profile Software’s solution shields the security of our operations and guarantees the compliance required with the mandates of the supervisory authorities. I would like to warmly thank Profile Software’s team for the exceptional cooperation during the execution of the project, looking forward to its expansion in order to meet our future needs."
Konstantinos Doulas Risk Management Director @ Epirus Bank
Profile’s Risk & Compliance platform, RiskAvert assists Financial Institutions to gather, validate, reconcile, calculate and ultimately generate regulatory and management reports for credit, market, operational and concentration risk in a natively integrated, yet modular environment.
It can be installed on premises or in the cloud and supports the full range of Standardised and Internal Rating, Based (IRB) approaches and allows parallel Operational, Market and Credit Risk Regulatory Capital Calculations.
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