Introduction to StratexSystems. About StratexSystems. Our Mission
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To provide an integrated strategy and risk management solution which enhances strategy execution by 5%, enhance capital efficiency by 15% and reduce operational losses 25% while providing 100% confidence that your business is operating within appetite.
One client’s results
“Since HML commenced its initiative to implement an enterprise-wide risk management framework in March 2008, we have reduced our Pillar 2 capital by 81.2% while delivering a 94% reduction in the value of errors and a 63% reduction in the volume of errors”
– Head of Enterprise Risk, Homeloan Management Limited
Confidence in our approach
Keep us out of the newspaper
Reduce capital provision
Reduce operational losses
Reduce / eliminate fines
Enable the right culture
Lack of an integrated, enterprise-wide solution
Intensive and intrusive
Too many spreadsheets
Board and Senior Management pressure
Systems reinforce silo processes
Political pressure to reform and do things differently
“Operate within Appetite”
Compliance focused risk tools
Basel 3, Solvency 2, S166
What value would this have to your business?
“Your underlying approach [Risk-based Performance Management] reflects how we want our regulated firms to manage their businesses.”
- Lead Supervisor, A European Central Bank
reduction in the value of losses
reduction in the volume of losses
Reduction in High Risk Audit Issues
StratexPoint is an Integrated Strategic Execution and Risk Management solution
Built on the ubiquitous SharePoint platform
Supports each of the Three Lines of Defence
Comprehensive in nature but modular in deployment
StratexPoint is also a proven tool for supporting the 4th Line of Defence
Easy access to powerful MI & Analytics
Strategy-focused, Risk Aware culture enabled and embedded
Work with the business to build competitive advantage
Take a Risk-based approach to auditing and business assurance
Business driven design
Risk-Based Performance Management
Balanced Scorecard & Strategy Map
Enterprise & Operational Risk Management
Risk-Based Internal Auditing
Leverage your existing technology
What are we trying to achieve?
What is our Risk Appetite?
Are we on track?
Are we operating within appetite?
Governance & Communications
Those people working on delivering the objective, managing the risk or applying the control.
“The buck stops here”
Those with Yes/No authority related to the objective, risk or control.
“Keep in the picture”
Position(s) that need to know about decision or action related to the objective, risk or control.
“Keep in the loop”
Those involved prior to decisions or action related to the objective, risk or control.
People & Roles
Operational enablers are aligned to strategy
Build a strategy focused, risk aware culture
HML seen a 60% reduction in operational losses within 18 months
HMLalso seen a 23% reduction in regulatory capital
Consolidated global portfolio of major initiatives to enable single view of status & risk
Based on our market scan, StratexPointprovides best of breed functionality at a lower cost and with faster implementation – Cognizant, Nov 2012.
Project phase: Approx. 2 – 4 weeks
(depending on scope of deployment)
Discovery & Design
Build & test
Deploy & Handover
On-going client engagement
A Global Investment Bank
Central Bank/Financial Services Regulator (x2)
1.New event Registration
Capture risk events from across the enterprise
Estimate the direct and indirect impact of the event
Complete a structured investigation into the event
4.Root Cause Analysis (RCA)
Identify root causes for the event and defined continuous improvement activities
Define how the event will be resolved
Ensure approvals are done only by authorised staff
Manage the payments related to the resolutions
Enable resolutions to be reconciled to the GL