Identify, Monitor, Address, and Manage Risk
Financial regulators need a structured way to manage risk to maintain confidence, legitimacy, and credibility with stakeholders in the institutional structure of financial regulation and supervision. SQL Power offers a pre-built Risk Management Solution that equips supervisors with critical risk assessment tools to empower them with better decision-making and to address risk in a systematic manner.
In order to satisfy the need of providing effective risk-based supervision, regulators need risk to be identified and monitored, addressed, then measured, allowing them to plan and adjust onsite inspections proportionate to the level of risk associated with the inspected entity. SQL Power supports continuous monitoring and management of an entity’s risk levels, our risk management framework provides financial regulators with fully integrated risk assessment tools like dashboards (CARAMEL), an onsite inspection platform, a 360-degree organizational view, and predictive modeling to derive a comprehensive risk-rating for each organization.
Features of SQL Power's Integrated Risk Management Solution
Early Warning Analytics & Real-Time Alerts
Key financial ratios are assessed in real-time against submitted data providing analysts with early-warning analytics.
360-Degree Organizational View
Instantly view and monitor each organization's directors, officers, shareholders, and licenses. Reviewing its latest scorecard, risk ratios, infractions, onsite inspections, and overall risk rating.
Key metrics, ratios, and other indicators are provided in real-time against all submitted documents.
Schedule pre-inspection forms, set up remote meetings, share recommendations and findings, and issue final inspection reports with a world-class Onsite Inspection module.
The system learns from historic data to derive a reliable predictive model that is then used to mine recently collected data to predict potential institutional failure.
Changes in pre-defined risk thresholds, global standards, and other risk assessment metrics can be quickly configured.
How it Works
SQL Power’s Risk Management Solution allows regulators to define the frequency of onsite inspections and financial disclosure based on an organization’s risk ratings. Our comprehensive Advanced Analytics platform provides real-time monitoring and assessment of recently submitted financial data helping regulators frequently assess and re-assess financial risk.
The Solution can monitor an organizations’ performance and risk ratings through our 360-degree organizational view. Analysts can review and monitor regulated entities’ organizational performance and all related data (including infractions, complaints, and onsite inspections) from a single interface. In addition, regulators can access pre-built risk assessment dashboards that allow users to drill down into focus areas, filtering on organizations, peer groups, sectors, or classes.
Click to watch a demonstration of our Risk Management solution
A simplified Onsite Inspection business process workflow
With increasing standards in compliance and risk-based supervision, comes significant pressure for financial authorities to plan and execute various regulatory and supervisory processes required for ongoing supervision. Inspection teams are expected to maximize their efficiency and effectiveness by conducting each inspection with varied amounts of frequency and intensity that is proportionate to each regulated entity’s risk level.
SQL Power’s Onsite Inspection offers supervisory teams a web-based solution to automate and manage every aspect of their regulatory onsite inspection processes and functions: from scheduling or performing ad hoc inspections, to applying proportionate inspection activities relative to the associated risk profile of the inspected entity, to developing a more in-depth understanding of the supervised financial institutions, to anticipating future impacts from past and present figures to leading action-oriented, remedial activities when corrective measures need to take place.
Visualize All Risk Assessment Data at a Glance
Visualize all risk assessment data at a glance from a consolidated reporting interface.
The platform comes with built-in risk categories and risk scores to provide a solid foundation in risk management and governance scores that result in a net risk score. The platform also allows other factors like external audits to also affect this rating.
In addition, recovery actions and resolution actions and the frequency of onsite inspections are also integrated within the risk guidance tab.
The Analytics Platform scorecard tab displays the overall market score and level of risk, as well as provide the breakdown of performance by asset class, peer group, or individual organization. Leverage our risk assessment dashboards to build a solid foundation for your team to focus on high-risk organizations for more timely decision making.
A 360-Degree Organizational View
The CAMEL dashboard overview
The following is a screenshot of the scorecard in the CAMEL Dashboard, displaying the overall risk score for an organization. This dashboard has 5 tabs to drill into the Capital Adequacy, Asset Quality, Management Quality, Earnings, and Liquidity of any organization in the system.
The Asset Quality tab from the CAMEL Dashboard contains interactive graphs to illustrate trends for the percentage of delinquent loans greater than 30 or 90 days by loan type.
A screenshot of the Asset Quality tab from the CAMEL dashboard
The CARAMEL dashboard overview
The CARAMEL Dashboard displays the overall risk score for an organization. The thresholds used to calculate scores in the CARAMEL Dashboard are insurance industry-specific. The CARAMEL Dashboard has six tabs to look further into the Capital Adequacy, Asset Quality, Reinsurance, and Actuarial Valuations, Management Quality, Earnings, and Liquidity of any organization in the system.
The Earnings tab in the CARAMEL Dashboard displays the loss and expense ratios for the earnings and profitability of an organization. Using interactive graphs, analysts can review trends in changing ratios for investment income by net premium or investment assets, as well as the return on equity.
A screenshot of the Earnings tab from the CARAMEL dashboard
A screenshot of the configurable Mobile Reporting dashboard
Mobile reporting can be to iPhone, iPad, Blackberry, and Android devices. Mobile reports can consume the same grids, graphs, and dashboards developed for web reporting, requiring no additional mobile application development. Below is the same dashboard, previously shown, on the web shown on the iPad.
SQL Power’s Risk Management solution is designed to easily integrate with existing core CRM and governance systems, leveraging existing data and technology investment for seamless integration. Our platform can be configured to easily evolve with changing risk assessment standards and guidelines thus future-proofing your organization. Finally, our experienced team of engineers will work within your business scale to ensure that our implementation is smooth and functionally sound.
Why Choose SQL Power’s Risk Management Solution?
Powerful and comprehensive risk assessment tools including early-warning analytics that identify vulnerabilities, allow for recovery actions and resolutions, and easily integrate with existing infrastructure.
A robust, risk-based supervision solution that provides comprehensive and flexible risk assessment ratings that can easily evolved based on changing standards.
Pre-built risk management solution that includes a world-class Onsite Inspection module allowing regulators to schedule pre-inspection forms, set up remote meetings, share recommendations and findings, and issue final inspection reports.
Quick implementation, we'll get you started in as little as 30 days!
360-Degree Organizational View, access, and view all information pertaining to your regulated entities at a glance.