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22.3.2
Australia Patch 3, Australia, Zurich Patch 7, Zurich Patch 4, Zurich, Yokohama Patch 12, Yokohama Patch 9, Yokohama Patch 6, Yokohama Patch 2, Yokohama, Xanadu Patch 9, Xanadu Patch 4, Xanadu
Standalone Application
The Risk workspace allows the IT Risk Manager and the Operational Risk Manager to view the overall risk posture for your organization, track time-sensitive issues and major losses, and control deficiencies that may increase risks for your organization.
The workspace allows risk managers to:
- Define and manage their organizational risk and control taxonomy.
- Perform risk assessments.
- Assess controls based on design and operational effectiveness.
- Monitor the operational losses and performance of the Key Risk Indicators (KRIs) and the Key Control Indicators (KCIs).
The central issue management capability allows to define a plan of action for remediation and ensure the control gaps are corrected early.
The new user experience highlights the following:
- A default Home page for each user persona displaying actionable insights and quick links.
- A well-organized navigation menu listing modules based on the requirements of each user persona.
- Reimagined conversational risk assessments experience for business users.
- A unified task page to manage and complete GRC tasks efficiently.
- A new visualization that provides a 360° view of GRC relationships.
- Reimagined page layout with contextual information in the side panel for users to complete their tasks more efficiently.
- Record pages that provide a holistic view and actionable insights specific to what is being viewed.
- Persona-based home pages for IT-Risk, Op-Risk, and Business Risk Managers to manage their work efficiently.
- Manage all tasks assigned to a user and their groups from the consolidated task landing page.
- Contextual information about a record to indicate when you need a new 360° relationship viewer and side panels in the records.
- Manage and remediate issues from the comprehensive issue landing page.
- Playbook for seamlessly collecting risk information from first line through guided risk identification workflow.
- Guided experiences for scheduling and managing risk assessments in risk assessment scope and scheduler using the playbook.
- A conversational redesigned guided experience for risk and control assessments with enhanced configurability.
- Redesigned risk heatmap for monitoring and reporting of risk posture.
- Automate risk reporting to senior management and improve risk analysis by visualizing risk trends and movements on the heatmap workbench.
- Review and respond to the metric data efficiently using the Grid UI to provide bulk response and approval for metrics.
- WCAG 2.1 AA compliance making it accessible to all users.
- Enabled Autosave functionality on risk assessment for better user experience.
- New Formula builder in Metric definitions.
- Bulk approval and reassign of risk assessments.
Entity Wise Risk Profile Matrix:
- Matrix Report is a configurable grid-based view in the risk workspace that displays entity-linked data like risks, controls, KRIs, and events. Accessible from the landing and entity pages, it centralizes key details for quick analysis. Users can tailor columns to view relationships clearly and efficiently.
- Risk data is often scattered, making it hard to get a full view of an entity’s risk profile. The Matrix Report brings all related information into one place. This reduces time spent switching views and helps risk managers assess data easily.
- Boosts efficiency by unifying risk insights, helping identify gaps faster. The report improves visibility and supports quicker, informed decisions. This leads to more proactive and streamlined risk management.
New
- The 'Not Applicable' flag in the Risk Assessment section for control effectiveness and residual assessments can now be hidden by configuring the Risk Assessment Methodology.
- Smart Assessment Control Attestation is now integrated within the Task page.
- Entity setup is now available in Risk Workspace for Operational Risk Managers.
- A feedback side panel has been added to Risk Assessment projects to collect and manage feedback within risk assessment projects.
- Metric import job and template modules are now available to support data imports.
- Notification links now redirect users to the Risk Workspace based on their access permissions.
- The "Applies To Record" and "Entity" columns are available in the task list for Smart Assessment-based risk identification. These columns help identify the correct task without opening each record.
The following applications are installed automatically when you activate the Risk Management Workspace application:
- GRC: Risk Management (com.sn_risk)
- GRC: Common Workspace Elements (com.sn_grc_workspace)
Permissions and roles:
Role required to install the app: System Admin (admin)