Our ERM POV
At OnPoint, we feel that straight-forward, strategic and disciplined
Enterprise Risk Management is what’s needed for today’s needs in the
financial space. It begins with a frank discussion on what’s needed to build
a proactive – not reactive – strategic approach that fits your unique
objectives and corporate culture.
We’ve seen firsthand how proven ERM Processes will protect and strengthen businesses.
We simply don’t have time for anything less than a
frank discussion and assessment of your risk needs.
What’s at stake? It’s not a matter of if, but when a risk event presents itself. It’s our job to make sure you’re equipped and covered with appropriate processes, mitigation and communication strategies to meet those needs.
That’s the hallmark of true ERM. And ultimately, it’s your unique business objectives and corporate culture – not a one-size-fits-all template – that drives our 360º approach to your ERM solutions.
When everything is created to fit your unique
objectives and corporate culture, a disciplined
approach becomes easy to implement and carry
through into a new risk culture.
And It’s effective because it’s owned by the entire governance framework of your organization.
ARE YOU ASKING THE RIGHT QUESTIONS?
IS YOUR ERM STRATEGIC OR REACTIVE?
Is an emphasis on risk from senior management? From your board? Is risk continually assessed across the entire enterprise? Is there a common risk language and approach, or is it compartmentalized in silos? Do you have real-time analysis of risk controls, thresholds and indicators? Or is it simply ad hoc?
Do you know your risk appetite?
Defining your risk appetite needs to be viewed as embracing the opportunity to set a boundary around how much risk your organization is willing to take. Your risk appetite – to be truly effective – should be articulated according to your unique organizational objectives, along with clearly defined risk tolerances so that you can determine your risk capacity and establish key metrics to track.
CAN YOU AFFORD TO IMPROVE YOUR ERM?
Perhaps a better question to be asked would be, “Can you afford NOT to improve your ERM?“. When you are aware of your risk tolerances, you come face-to-face with what risks you need to monitor the most. When processes and communication lines are developed to mitigate those risks that have been prioritized accordingly, the answer becomes clear. More than circumventing significant unforeseen expense – it’s about enrichment of workplace satisfaction and quality of life.
DO YOU KNOW THE ANATOMY OF SUCCESSFUL ERM?
Do you have a robust ERM framework? Do you have the type of risk & controls library that eliminates time and management time costs? Are your risk practitioners experienced in best-practices suited for banking? It starts and ends with management commitment.
Is your credit risk program strategically aligned?
Are potential exposures in your Credit Risk Management Program made visible in time to mitigate risk? Does the front line know the organization's appetite for risk by categories of credit type, amount, and risk profile?
KEY DELIVERY COMPONENTS
Budgeting & Reporting
Streamline the budgeting and reporting process with a comprehensive solution that incorporates branch, board, and external reporting — complete with allocations and consolidating entries.
Loan and Deposit Reporting
Capture instrument level loan and deposit data to analyze profitability and activity by customer, product, loan officer, and more.
Forecasting & Strategic Planning
Easily generate detailed, driver-based rolling forecasts to project financial performance over the short and long-term.
Monitor and manage the business day-to-day using a highly graphical intuitive interface for operating, performance, and risk metrics.
Enterprise Risk Management
Liberate execution of the Strategic Plan with a 3 Lines of Defense risk management program including risk appetite, top risks, and key risk indicators covering key governance, credit, operations, market and technology risk.
Enterprise Stress Testing
Simulate prospective economic scenarios and see the potential impact on capital and financial performance while gaining visibility to the organization’s risk profile.
Assess, gain visibility and strategically
manage compliance risk across the enterprise while executing the strategic plan of the organization.
Globally assess key risks exposures and controls effectiveness while streamlining processes that enhance the execution of the strategic plan.
Strategically coordinate the overall information technology structure to ensure that risks, activities, resources and investments create value while supporting key initiatives of the organization.
Credit Risk Rating Scorecards
Accurately assess credit risk with a suite of customizable two-dimensional scorecards that rate both the borrower and collateral, and quantify expected loss for risk rating, pricing, and portfolio risk management.
Allowance for Credit Losses
Leverage advanced credit risk analytics to calculate an allowance that accurately reflects the level of risk in the portfolio and complies with the latest accounting standards.
Credit Portfolio Analytics
Prospectively manage risk in the loan portfolio by gaining forward-looking visibility into incremental changes in credit quality and migration of credit risk.
Credit Portfolio Stress Testing
Simulate prospective economic scenarios and see the potential impact on charge-offs and the provision for loan losses while identifying higher risk profile segments of the loan portfolio.
ERM COMPLETE PROGRAM SERVICES
ERM COMPLETE PROGRAM
Our Toolkit to build a Complete ERM Program
Complete Suite of ERM Content for Risk, Compliance, and Audit
Proven Banking Success
Thousands of Hours Saved
Adaptable to Any Financial Institution
CREDIT RISK (ECRM) COMPLETE
Turns Expected Loss into a Strategic advantage
Complete suite for Credit Risk, Stress Testing, Loss Allowances, and Analytics
Alignment of Credit Risk to your Strategic Plan
Gives Visibility to Prospective Exposures and Potential Losses
Improve Return on Capital
ERM SUPPORT CONSULTING
Support Services for Implementation
Core Team of ERM Professionals
Leverage OnPoint’s Experience
Use Exactly When/Where Needed
ERM COMPLETE COMPONENTS
Enterprise-wide Compliance Risk Management
Global Compliance Risk Assessment
Key Oversight, Monitoring, Review, Testing
Corporate Compliance Structures
Key Risk Indicators
Comprehensive Internal Audit Program
Internal Audit Strategic Plan
Board-level and Internal Audit Structures
IIA Standards Alignment
Business Process Auditing & COSO Framework
Technology Governance & Strategic Plan
CoBIT Framework Technology
Innovation, Efficiency, and Quality Planning
KRI & KPI Inventory