Thomson Reuters Enterprise Risk Manager enables organizations to implement an operational risk or enterprise risk management (ERM) appetite framework. Thomson Reuters Enterprise Risk Manager captures information such as loss events, key risk indicators (KRIs), assessment responses and scenario analysis data in a flexible and connected way. Risk managers can then analyze this risk intelligence and communicate it effectively.
  • Award-winning operational risk management software
  • Able to incorporate almost any risk or control framework
  • Rapid implementation by our experienced Professional Services team
  • Used for a wide variety of regulatory approaches to operational risk and enterprise risk management

Thomson Reuters Enterprise Risk Manager will enable your organization to connect its operational risk or enterprise risk appetite frameworks to the key decisions that drive strategic business value enhancement.

Advanced visualization capabilities, a powerful search, and a friendly user interface means Thomson Reuters Enterprise Risk Manager enables a joined-up approach to risk with business stakeholders, senior management, and the board. By viewing risk through the various lenses of your organization’s different structures and reporting lines, both the cause and impact of a risk can be fully understood.

Built-in Risk Analytics

Risk data housed in Thomson Reuters Enterprise Risk Manager can power stress tests, operational risk capital modeling, scenario analysis, sensitivity analysis and other key risk analytics.  The solution supports a wide variety of regulatory approaches to operational risk and ERM, including the ‘use test’.  Evidencing operational risk framework  activity to regulators is quick and easy. Thomson Reuters Enterprise Risk Manager’s action tracking capabilities ensure that issues or challenges are handled in a connected, efficient manner, further enhancing the business value of risk management in your organization.

Thomson Reuters Enterprise Risk Manager helps you to:

  • Manage your organization’s operational risk or enterprise risk management appetite
  • Create and capture risk and control self-assessments (RCSAs)
  • Track loss events and key risk indicators (KRIs)
  • Conduct scenario analysis, stress tests, sensitivity analysis and Advanced Measurement Approach (AMA) capital modeling
  • Connect intelligence to risk management activities and track implementation
  • Analyze and report with powerful risk analytics

Creating Risk Intelligence

In today’s risk-intensive environment, executives often feel they are either faced with having too little or too much risk data, making it difficult for them to understand the operational or enterprise risks they face or the environment around those risks. Attempting to manage risk using spreadsheets and text documents alone can often lead to individuals spending most of their time managing the risk information process rather than adding value through analyzing and managing risk itself.

By using Thomson Reuters Enterprise Risk Manager, your risk executives can:

  • Understand risks in the context of your organization
  • Improve communication about risk appetite
  • Provide valuable insights to the business about its risk profile
  • Help your board understand complex risk choices
  • Improve the management of risk across your organization
  • Create risk context to help senior executives solve challenges

Delivering Risk-based Decisions

Thomson Reuters Enterprise Risk Manager is an integrated part of the Thomson Reuters portfolio of risk management solutions, designed to help your organization drive a connected, value-enhancing approach to governance, risk and compliance (GRC) as well as enterprise risk management.

Through this framework, organizations can:

  • Create a connected view of audit, risk and compliance
  • Make audits of the risk function easier and less time-consuming
  • Create closer working relationships on compliance and regulatory risks

Key Features

Key Benefits

Adapts to most regulatory requirements or industry best practices

Flexible and adaptable – it is being used for a variety of operational risk and enterprise risk management use cases, and is capable of being used for many more. These include:

  • the Advanced Measurement Approach for operational risk
  • the Standardized Approach, and other operational risk methodologies
  • Solvency II’s operational risk requirements
  • the Committee of Sponsoring Organization’s new’ ERM framework
  • Sarbanes-Oxley (SOX)
  • Germany’s BilMoG internal controls regulation
  • AS/NZS 4360 Risk Management Standard
  • ISO 31000 Risk Management Standard
Streamlines risk assessment and risk capture processes

Thomson Reuters Enterprise Risk Manager helps organizations create a true dialogue with the business about operational risk through the Assessment module. Users can create the risk assessments that suit their firms – from the simple to the sophisticated – and send them out to the business units quickly and easily. Operational risk managers can track who has completed the survey and who has not through a simple search. And once the assessments are completed, the results can be viewed through dynamic dashboards, reported into the organization and acted upon – all in a powerful, connected way.

Tracks Loss Events and Risk Impacts

Thomson Reuters Enterprise Risk Manager’s Incident Tracking module captures losses in a variety of ways, and enables organizations to validate these losses through a process structure of their own choosing. But this is just the beginning. The solution can help operational risk managers analyze their losses, and by doing so, help the organization better articulate the challenges that it faces. Facilities such as loss event alerts help organizations to better manage their risk appetite communications with senior management, the board, and regulators.

Performs operational risk modeling quickly and easily

Modeling operational risk can seem complicated. The Thomson Reuters Enterprise Risk Manager Quantification module takes the smoke and mirrors out of Advanced Measurement Approach regulatory capital modeling, as well as scenario analysis, sensitivity analysis, and stress testing. Because the modeling engine is connected directly with a company’s data, there is no exporting or complex interfaces to work with. Operational risk managers just select their data and the Quantification module produces graphs, tables, and other required analysis.

Provides Comprehensive Reporting and Business Intelligence

Getting senior management and the business to understand specific risk issues can often be challenging. That’s why Thomson Reuters Enterprise Risk Manager’s configurable dashboards, ad hoc reporting, and more formal reports are rated as being  valuable by existing users. Operational risk managers and business line executives can call up data for dashboards and ad hoc reporting as needed with individual users permissioned to see only the data that is relevant to them, reducing security worries. New Advanced Visualization dashboards enable viewing of, for example, risk appetite adherence by legal entity across the globe on a map.

Whitepaper Series

Operational Risk Quantification

This series of five whitepapers was written to help organizations think about ways in which the use of operational risk models can add more value to the business. Topics covered include the Advanced Measurement Approach, scenario analysis, stress testing, structured approaches, and cost:benefit analysis.

Whitepaper Series

Understanding Conduct Risk

This ongoing series of whitepapers explores the new and evolving discipline of conduct risk. Individual papers look at the behaviors and biases that people naturally exhibit in organizations, and how these can impact organizational culture. The papers also discuss evolving regulatory approaches to conduct risk globally.


Own Risk And Solvency Assessment And Enterprise Risk Management

The thrust of global insurance regulation in the wake of the financial crisis is to make sure that organizations take on only as much risk as they have capital to cover. This whitepaper focuses on enterprise risk management as the foundation for regulatory compliance and strategic business decision making at organizations required to implement an Own Risk and Solvency Assessment (ORSA) program.


Conduct Risk Webcast Recording and Slides

Just what is “conduct risk”? As fines and negative headlines have increased globally for financial services organizations, regulators are pondering this question, as are the world’s governance, risk and compliance executives. Linked to this is the concept of “risk culture” – which some consider equally difficult to grasp. How can organizations build a good risk culture, and thoughtfully manage conduct risk?


Implementing an ORSA ERM Program

While the implementation date for Solvency II is January 2016, in many EU jurisdictions the regulatory requirement for firms’ Own Risk and Solvency Assessment (ORSA) programs is much sooner. Insurance organizations also face a range of other requirements under Solvency II, including operational risk, capital modeling, look-through reporting, and enhanced corporate governance.


Compliance Week - Conduct Risk

This is a package of articles developed in conjunction with OCEG. It includes an article by Carol Switzer on conduct risk, the conduct risk infographic, and a roundtable on conduct risk. The topic of risk culture is also covered.


Driving Enterprise Risk Management Best Practices for Energy Firms

A number of factors are converging in the energy industry that add up to a powerful business case for an enterprise approach to risk management. Recent history has no shortage of lessons as to what can threaten, or even destroy, energy companies – even those that are large, well-resourced or, on the face of it, well-managed.


European Energy Company Utilizes Thomson Reuters Enterprise Risk Manager to Further Evolve and Improve Its Group-wide Risk Management Practice

Austria's leading electricity company shares the benefits of implementing a flexible risk management system to connect their emerging risks and opportunities across the organization.