Operational Risk Report (Standard)

FILTERS

Filter

Description

Directorate

Dropdown allows selection of Directorate. 'Show All' is selected by default.

Business Unit

Dropdown allows selection of Business Unit. If a directorate was selected above, the pages refreshes and this filter only shows the Business Units within that directorate. 'Show All' is selected by default.

Risk Rating Initial

Dropdown allows selection of a Risk Rating for the Initial phase of the risk assessment (defined in Risk Settings > Risk Ratings). 'Show All' is selected by default.

Risk Rating Current

Dropdown allows selection of a Risk Rating for the Current phase of the risk assessment (defined in Risk Settings > Risk Ratings). 'Show All' is selected by default.

Risk Rating Future

Dropdown allows selection of a Risk Rating for the Future phase of the risk assessment (defined in Risk Settings > Risk Ratings). 'Show All' is selected by default.

Risk Category

Dropdown allows selection of a Risk Category (defined in Risk Settings > Categories). 'Show All' is selected by default.

Responsible Officer

Dropdown allows selection of a Staff member (defined in Framework > Staff). 'Show All' is selected by default.

Include Secondary Responsible Person

If ticked, chooses the risk records where selected staff member is primary OR secondary responsible person for. This is un-ticked by default.

Show Risk Solution and Business Planning details

If ticked, includes additional Risk Solution (risk action) and Business Planning details. This is ticked by default.

Show Solution Summary only

If ticked, only the Risk Solution (without details) will be shown in the relevant area. This is ticked by default.

Risk Treatment  

Dropdown allows selection of a Risk Treatment (defined in Risk Settings > Risk Treatment). 'Show All' is selected by default.

Order By

Dropdown allows selecting a sorting mechanism for the records in the report to be listed down. Alphabetical order by Risk Name, By Risk Code and by Risk Rating (Initial, Current or Future) are some of the given options. 'Alphabetical order by Risk Name' is selected by default.

Risk Status

Dropdown allows selection of a Risk Status, to be chosen from whether that Risk is 'Active' or 'Inactive'.

Business Process

Dropdown allows selection of a Business Process (defined in Risk Settings > Advanced Settings > Business Process). 'Show All' is selected by default.

Legislation

Dropdown allows selection of a Legislation (defined in Risk Settings > Advanced Settings > Legislation). 'Show All' is selected by default.

REPORT DETAILS

Report Element

Description

Directorate

Name of the Directorate selected by user.

Business Unit

Name of the Business Unit selected by the user.

Reference Number

Unique number for each risk. Reference Code is given at the Risk creation.

Risk

Risk name. This is mentioned at the Risk creation.

Responsible Officer

Responsible Officer allocated for the Risk.

Secondary Responsible Officer (s)

Secondary Responsible Officers allocated for the Risk.

Risk Category

Risk categories (primary category listed first and then secondary categories if relevant). Selected at the Risk creation.

Review Frequency

Risk review frequency (i.e. annual, monthly etc.) Data drawn from the chosen Review Frequency at Operational Risk > Risk Review area. Different Review Frequencies are defined at Risk Settings > Advanced Settings > Review Frequency area.

Assessment phases for a Risk. Under each phase there are sub-sections such as assessment, solution and treatment.
Each sub-section also contain Risk attributes.

Initial Assessment

Current Assessment

Future Assessment

Assessment phases

Likelihood

Risk likelihood identified in Initial phase

Consequence

Risk consequence (identified via Consequence Reference Grid)

Effectiveness of Controls

Effectiveness of Controls identified in Initial phase

Custom Criteria

Client defined criteria

Last Modified Date

Date Initial risk assessment last saved. Will appear as N/A if no date available (possible if data was migrated)

Risk Rating

Initial risk assessment rating (as per the calculation defined in Risk Calculation Settings)

Causes

Causes identified during Initial phase

Consequences

Consequences identified during Initial phase

Existing Controls

Existing Controls identified during Initial phase

Future Controls

Future Controls identified during Initial phase

Treatment (s)

Treatments identified in Initial phase

Risk Solution Related Fields.
‘Show Risk Solution and Business Planning details’ tick box must be ticked to display these.
Separated by a dashed line break.

Solution

Name of Risk Solution

Responsible Officer*

Responsible Officer for the solution

Reporting Frequency*

Risk solution reporting frequency i.e. annual, monthly etc.

Status*

Status of Solution (i.e. In Progress, Completed)

Due Date / Completed Date*

Due Date and Completed Date of Risk Action. Will appear as N/A if date is not mentioned.

% Complete*

Percentage complete of risk solution

Progress Comment*

Last Progress Comment for risk solution

Resource Requirement*

Resource Requirement for Risk solution

Business Plans connected fields.
‘Show Risk Solution and Business Planning details’ tick box should be ticked to display these.
Separated by a dashed line break.

Related Goals*

All     Goals linked to this Risk are listed if “Link Risks to hierarchy” parameter on.

Related Outcomes (Risk Solutions)*

All     Outcomes linked to this Risk’s Solutions are listed

Related Actions*

All     Actions linked to this Risk are listed if “Link Risks to hierarchy” parameter on.

Related Tasks*

All    Tasks linked to this Risk are listed if “Link Risks to hierarchy” parameter on.

Related Tasks (Risk Solutions) *

All     Tasks linked to this Risk’s Solutions are listed

Business Process

Related Business Processes.

Legislation

Related Legislations.