It is a fact, that following the events leading to the instability in the financial sector and the implementation of Basel III and Solvency 2, Risk Management functions and Regulators have placed great emphasis on the way that risk is measured and managed within organisations.

This shift in emphasis places a greatly increased level of responsibility on senior management to ensure that the firm operates in accordance with the principles of both the board and the regulator and to be able to demonstrate to the regulator that they have sufficient systems and controls in place to identify, report on and minimise risk.

Firms with efficient and demonstrable risk management systems in place are less likely to fall foul of the regulatory requirements and will benefit from significant cost savings both in terms of monitoring and managing risk, and by satisfying their regulatory obligations.

Our Solution  

Symb is an established risk management firm whose directors have years of experience in the financial sector. We continuously monitor the market and regulatory environment to ensure that our Enterprise Risk Management framework, Aptius can provide a cost effective solution for risk management and in meeting regulatory requirements.

Aptius is a complete framework for the identification, measurement and management of risk within an organisation whether it is a bank, asset management company or insurer.

• It allows firms to identify, measure and manage risk on a continuous basis in order to meet regulatory requirements and optimise the business.
• Provides full audit tracking and reporting to provide senior management with the transparency required for risk management and operational decisions as well as full requirements management.
• Works alongside existing systems by allowing firms to integrate all their data sources e.g. Databases, Excel, GL, trading systems for credit, market and operational risk data, into one framework.
• Highly flexible –can be tailored precisely to accord with the nature and requirements of your firm in an extremely cost effective manner. Due to its flexibility, Aptius is used for risk management and assessment for a range of companies from global tier 1 banks to multi-national pharmaceutical companies, the shipping industry and Government agencies.
• Provides a cost effective way for firms to demonstrate to the regulators that it has appropriate systems and controls in place to minimise risks.
• Fast, easy and scalable deployment, -Aptius includes full capabilities for the management of enterprise risk including a powerful risk modelling core, requirements management, loss event databases and web-based preconfigured scorecards.
• Powerful and flexible visualisation, simulation and reporting tools.

Aptius Express is an operational risk service based on the Aptius framework. It is designed to provide an organisation with a high-level diagnostic or health check, in order to identify any operational risk hotspots or potential problem areas that may affect its business. The service provides an in-depth review and set of recommendations based on a number of key risk dimensions, which enables a business to focus its resources, effectively manage operational risk and meet its regulatory objectives.