RSA Archer Loss Event Management

Document created by Susan Jessee Employee on Dec 1, 2015Last modified by Christopher Dodge on Aug 24, 2017
Version 15Show Document
  • View in full screen mode

Use case for Enterprise & Operational Risk Management

 

 

RSA Archer® Loss Event Management allows organizations to capture and inventory actual loss events and near misses, as well as relevant external industry-related loss events. Coupled with adjacent applications, loss event root cause analysis can be performed to understand why the loss occurred and take appropriate actions to reduce the likelihood and impact of similar losses occurring in the future. Loss events can be evaluated as part of top-down risk assessments and risk self-assessments, if those are utilized. Loss events can also be exported to perform Monte Carlo simulations of operational risk using external Monte Carlo engines, such as Palisade @Risk.

 

Key Features

  • Consolidated loss event catalog including actual losses, near misses, and calibrated external loss events
  • Assignment of loss events by business unit and named individuals
  • Root cause analysis
  • Review and approval of loss events by key stakeholders
  • Visibility into aggregate losses by type, source, and area of ownership
  • Ability to drill into specific loss events for greater detail
  • Consolidated list of remediation plans to reduce likelihood and impact of similar future loss events
  • Loss events can be correlated to risk and control procedure registers used to inform risk assessments and Monte Carlo simulations, if those use cases are employed

 

Key Benefits

RSA Archer Loss Event Management provides:

  • Consolidated view of loss events by frequency amount, type, source, and owner
  • Clear understanding of the cause of loss events and the actions being taken to remediate problems that led to the loss event, including whether remediation plans are being executed on time, as planned
  • Reduced frequency and number of loss events
  • Greater engagement of business unit managers in the management of losses

 

Prerequisites

 

For More Information

To learn more about RSA Archer Loss Event Management

 

To learn more about how EMC products, services, and solutions can help solve your business and IT challenges, contact your local representative or authorized reseller—or visit us at www.rsa.com. If you are an existing RSA Archer customer and have questions or require additional information about licensing, please contact RSA Archer at archersupport@rsa.com or call 1-888-539-EGRC.

 

 

Loss Event Management with border shadow.png

3 people found this helpful

Attachments

    Outcomes