MetricStream Risk and Control Self-Assessment (RCSA) enables organizations to document and evaluate their risk and key controls at multiple levels including corporate, business unit, and process levels.

Citi uses the Risk and Control Self-Assessment (RCSA) Program to identify, measure, monitor, control, and report Operational and Compliance risks. RCSA is the Citi-wide program that enables the recording and management of key controls in accordance with the Control Standard.

RCSA changes can be initiated either on a planned or on ad-hoc basis. Flexible workflows, seeking approval from multiple levels on the business side and risk management side, can be configured. Inherent risk rating, control design effectiveness, control operating effectiveness, residual risk rating can be computed based on the organizational ...

For RCSAs to drive the desired level of value, there should be a shift from a ‘point in time’ assessment to a more dynamic, rapidly evolving view of risk, adept at keeping pace with the company.

2020年11月24日 · RCSAs provide a structured mechanism for estimating operational exposures and the effectiveness of controls. In so doing RCSAs help organisations to prioritise risk exposures, identify...

How to execute RCSA across geographically scattered multi-subsidiary businesses? How to do periodic or ad-hoc “risk assessment campaigns”? How to engage personnel and managers in a highly parameterized system with built-in controls for time-critical monitored operations?

2021年12月2日 · The Risk and Control Self Assessment (RCSA) is an integral part of most operational risk management frameworks. RCSAs provide a structured mechanism for estimating operational exposures and the effectiveness of controls.

The Risk and Control Self-Assesment (RCSA) module provide a rich set of features for defining customized self-assessment programs and for automating, tracking, and reporting on the self-assessment process.

Other ad hoc tasks directly assigned by line manager. Test control effectiveness to mitigate risk in RCSA and provide recommendation to improve. Check to ensure all identified risks have sufficient controls to mitigate risk in RCSA. Register the key risk items for ongoing monitoring and follow up.

Drill down through sub-reports for root cause analysis. Provide browser-based ad hoc, drag-and-drop report design. Tree view visualization shows how GRC activities are connected. Facilitates a flexible approach to risk management that can accommodate changes and align with your organization’s existing procedures.