ACCELUS RISK MANAGEMENT SOLUTIONS THOMSON REUTERS ACCELUS ACCELUS RISK MANAGEMENT SOLUTIONS

ACCELUS RISK MANAGEMENT SOLUTIONS THOMSON REUTERS ACCELUS ACCELUS RISK MANAGEMENT SOLUTIONS

THOMSON REUTERS ACCELUS Our solutions dynamically connect business transactions, strategy, and operations to the ever-changing regulatory environment, providing highly regulated firms with informed outcomes. Our client groups include compliance, audit, legal, and risk functions within the organization. We partner with firms to manage their risk exposure and accelerate their business at every step.

WHO WE ARE MANAGING COMPLEXITY AND CHANGE IN A CONNECTED RISK SOLUTION Risk is a key component of strategy. In an increasingly volatile business and regulatory environment, leading organizations are seeking an intelligence-led approach to understanding risk and embedding risk management into their business strategy. The scale of the complexity and the pace of change that organizations are facing is without precedent. To view individual risks through different lenses, including structure, strategy, and finance, organizations are connecting the collation of risk information to powerful analysis capabilities. Thomson Reuters Accelus Risk Manager is a powerful, connected solution for understanding, analyzing, and acting on operational and enterprise risk information. Accelus Risk Manager enables organizations to establish a framework for risk based on their risk appetite. Accelus Risk Manager captures information such as incidents, indicators, assessment responses and scenario analysis data. The solution provides risk managers with the insight to analyze risk through the lenses of their organization s various structures and reporting lines using a powerful search capability so that both the cause and effect of a risk can be fully understood. Accelus Risk Manager, with its dynamic user interface, also empowers executives to actively manage risks across the business, track the tasks others are expected to perform and report status to key stakeholders. The information contained in the solution can be linked to key deliverables in an organization s risk appetite framework, enabling a holistic approach to measuring and managing risk. Risk data housed in Accelus Risk Manager can power Monte Carlo simulations for operational risk economic and regulatory captial modeling, various forms of statistical analyisis and stress tests to help executives better communicate with regulators and to understand the challenges their business faces. Indicators Assessments Quantification ADMINISTRATION AND REPORTING Incident Tracking Action Management Thomson Reuters Accelus 3

WHAT WE DO A SINGLE SOURCE OF TRUTH ABOUT RISK Thomson Reuters Accelus Risk Manager is a fully integrated solution all of the information collected in its range of modules and from across the wider Accelus platform are held within a single data source. This provides management with one, connected view of risk across the organization, creating a unique perspective on current challenges. For example, a user can explore a single risk and see the losses associated with it, view assessment results and indicator data, and understand the controls, processes, and other framework elements associated with it. The connected nature of the solution also means that it can enhance an organization s view of the benefits of risk taking and the search for wider opportunities. 4 ACCELUS RISK MANAGEMENT SOLUTIONS

WHAT WE DO View risks through matrix organizational structures Manage multiple languages and currencies Set personal profiles and permissions Create risk taxonomies MANAGE RISK FRAMEWORK CONDUCT ASSESSMENTS Undertake qualitative and quantitative assessments Assess risks, controls, compliance tasks, processes, etc. Perform analysis using embedded scoring and calculation Track completion and validation Collect and classify all event types Track legal cases, compliance issues, near misses etc. Capture and confirm events, using authorization and notification triggers Import consortia loss events and new data sets Create action plans and tasks quickly and easily Link actions directly to assessments, indicators, risks, controls, etc. Track action plans and tasks simply and effectively Conduct SOX-style control evaluations Ascertain regulatory capital for Basel and Solvency II, and other supervisory frameworks Select the data directly from the solution Aggregate capital calculations across the organizational chart Perform analysis to drive business decisions Undertake regulatory stress testing of operational risk models Conduct sensitivity analysis to understand model risk TRACK LOSS EVENTS MONITOR KEY INDICATORS MANAGE ACTION PLANS ALIGN INSURANCE PROGRAMS CALCULATE REGULATORY CAPITAL UNDERTAKE SCENARIO ANALYSIS PERFORM STRESS TESTING COMMUNICATE AND REPORT Monitor KRIs, KPIs, KCIs, or any other type of indicator Aggregate indicators via the organizational chart to create new risk views Set up alerts so you know when indicator thresholds have been breached Drill up and down for flexible reporting Capture insurance program details Analyze in light of losses, assessments, indicators Use insurance offset in capital calculations Capture data via survey or workshop approach Perform scenario analysis modeling Validate results and link to action plans View dashboards in the new user interface Drill up and down through the organizational chart and risk taxonomies View data in multiple currencies, languages, and across geographies Capture screen view and generate reports in multiple formats Create document-based reports with lists, charts, tabular information and text. Thomson Reuters Accelus 5

HOW WE WORK PUTTING PEOPLE AT THE HEART OF RISK MANAGEMENT At the center of the Accelus Risk Manager design is a belief that organizations which understand their risk environment are much better placed to deliver on their strategic business goals. The solution enables organizations to improve the way they collect information about the risks they face, analyze that information and then act to improve the way risk is managed. In Accelus Risk Manager, organizations are: Communicating Effectively with Key Stakeholders - Accelus Risk Manager dashboards display the information risk managers want and need to know, to provoke conversations and planning with the wider organization. The new user interface enables these dashboards to tell their story in an even more compelling way. Advanced visualization charts will show, for example, how risk varies by legal entity across a map of the world. Accelerating the Dialogue on Risk Appetite - Accelus Risk Manager s Assessment module enables organizations to build structured assessments, from a simple check-list to complex surveys with scoring and calculations embedded. All assessments are stored in the module s library, so individual questions or entire assessments can be repeated, to aid the consistent tracking of individual risks. In addition individual questions and whole assessments can be linked directly to the organization s various risk, control and process taxonomies. Capturing Their Organization s Risk Story - All organizations make mistakes, but it is the job of the operational risk manager to help their own organization to learn from them. Accelus Risk Manager s Incident Tracking module helps operational risk managers analyze their losses, and by doing so enables the organization to better articulate the challenges that it faces. Monitoring the Risk Environment - To ensure that senior management has visibility on potential problems as early as possible, Accelus Risk Manager monitors real-time indicators whether they are Key Risk Indicators, Key Control Indicators, or the organization s own framework. Feeds from within Thomson Reuters Accelus and the organization s wider systems provide a connected, immediate view of risk. Understanding the Impact of Risk Choices - Modeling operational risk can seem difficult and complicated, but it doesn t have to be. Accelus Risk Manager s Quantification module uses the solution s data directly there is no exporting. Data to be modeled is selected easily using search, and within seconds a risk manager will have performed Basel II Advanced Measurement Approach (AMA) capital modeling, Monte Carlo simulations, operational risk stress tests or other business or regulatory modeling. Creating a New Way to Approach Challenges - Understanding risk is just the first step in enabling risk managers to collaborate with their counterparts across the business, to work together to solve challenges. Accelus Risk Manager s Action Tracking module provides a collaborative environment for risk managers and the business. Action plans and tasks can be created and assigned by any user given permission to do so. Information from the solutution, including risks, controls, processes, incidents, assessments, and indicators can be attached to action items so that individuals working on a particular task have access to the relevant materials they need. 6 ACCELUS RISK MANAGEMENT SOLUTIONS

ACCELUS RISK MANAGER FOR CONDUCT RISK Accelus Risk Manager has a new behavior modeling solution for conduct risk, incorporating more than 10 years specialist research, which specifically explored how financial services practitioners respond to regulatory interventions. Through Accelus Risk Manager s Indicators module, intelligent rating algorithms (such as fuzzy logic) are applied to an organization s data to create measurable rating values for conduct risk. Organizations can also house their conduct risk frameworks within Accelus Risk Manager, using the solution to undertake assessments, track losses, perform scenario analysis, and report back to key stakeholders such as regulators and the board. Thomson Reuters Accelus delivers Accelus Risk Manager for Conduct Risk as well as a wide range of connected solutions designed to enable organizations to drive performance by better understanding and managing the challenges as well as opportunities they face around conduct risk. ACCELUS RISK MANAGER FOR OWN RISK AND SOLVENCY ASSESSMENT (ORSA) With Accelus Risk Manager, an ORSA moves beyond being a regulatory compliance exercise into becoming the cornerstone of a sustainable enterprise risk management (ERM) program. With Accelus Risk Manager, organizations can: Simplify ORSA, and eliminate duplicative efforts, by using a single solution to capture, manage, and report risk. The single taxonomy will become the basis of an ERM framework. Create an assessment process that the business buys into. Tailor the assessment questionnaire to your organization s risk framework, and connect it directly to the relevant risks, controls, processes, and other taxonomy items. Build a forward-looking view of risk by actively tracking key risk indicators and other risk information, including market, credit, and liquidity risk data, through automatic feeds from the organization s systems. Perform scenario analysis in a structured, repeatable way. Use Accelus Risk Manager s quantification capabilities to perform Monte Carlo simulations with the click of a mouse. Immediately action issues that are out of alignment with risk appetite within the same, connected framework. Make the ORSA the foundation of a dynamic ERM program with strong, analytical reporting created at the touch of a button. Deliver risk reports to senior management and the board quarterly, monthly, or as often as required. Quickly and easily generate the information to evidence the ORSA process to regulators, including risk and capital management programs, as well as the capital optimization framework. Accelus Risk Manager helps insurance organizations globally turn their ORSA-compliance programs into ERM programs that drive value, by connecting risk with business strategy, simplifying the collection and delivery of risk information, and by enhancing organizational performance. Thomson Reuters Accelus 7

THOMSON REUTERS ACCELUS The Thomson Reuters Governance, Risk & Compliance (GRC) business delivers a comprehensive set of solutions designed to empower audit, risk and compliance professionals, business leaders, and the Boards they serve to reliably achieve business objectives, address uncertainty, and act with integrity. Thomson Reuters Accelus connects business transactions, strategy and operations to the everchanging regulatory environment, enabling firms to manage business risk. A comprehensive platform supported by a range of applications and trusted regulatory and risk intelligence data, Accelus brings together market-leading solutions for governance, risk and compliance management, global regulatory intelligence, financial crime, anti-bribery and corruption, enhanced due diligence, training and e-learning, and board of director and disclosure services. Thomson Reuters has been named as a category leader in the Chartis RiskTech Quadrant For Operational Risk Management Systems, category leader in the Chartis RiskTech Quadrant for Enterprise Governance, Risk and Compliance Systems and has been positioned by Gartner, Inc. in its Leaders Quadrant of the Enterprise Governance, Risk and Compliance Platforms Magic Quadrant. Thomson Reuters was also named as Operational Risk Software Provider of the Year Award in the Operational Risk and Regulation Awards 2013 and 2014. For more information, visit accelus.thomsonreuters.com Visit accelus.thomsonreuters.com For more information, contact your representative or visit us online. 2014 Thomson Reuters GRC01145/5-14