01
Risk stays in the second line
Operational, credit, and market risk live in spreadsheets owned by a small team. Business units file updates for the committee, then go back to running the book.
Financial Services · Essentials
Risk the businesswill actually own
Banks, credit unions, and capital markets teams start with operational, credit, and market risk in one register — then add OSFI, Basel, and SOX on the same workspace.
- OSFI
- Basel
- SOX
- AML
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One register the committee can trust
In the workspace
owns the risks, not just the CRO team
Line 1
- Risk
- Operational, credit, and market in one place
- Compliance
- OSFI, Basel, and SOX on the same records
- Reporting
- Board views from live data, not slides
OSFIBaselSOXAML
See how Essentials worksThe work
What financial services teams are actually managing
The register is not the hard part. Getting the business to own risk — and keeping compliance on the same facts — is.
02
Regulatory change outruns the control library
OSFI, Basel, SOX, and AML obligations land in a separate tracker. Mapping them back to the risks already in the register is a quarterly scramble.
03
Board packs are assembled by hand
Heat maps, appetite breaches, and issue status are copied into slides. By the time the pack is reviewed, the underlying data has already moved.
04
Vendors sit outside the same view
Core processors, fintech partners, and cloud providers are scored in another tool. Concentration and residual risk never show up next to internal operational risk.
How Essentials shows up
How Essentials shows up in financial services
Most teams start with the risk register the business will use, then add obligations and board reporting on the same records.
Start with the risks the business runs
- Give line 1 ownership of operational, credit, and market risks
- Score inherent, residual, and target risk without a side spreadsheet
- Use heat maps and bow-tie analysis the committee can actually read
- Replace the quarterly collection exercise with a living register
Add OSFI, Basel, and SOX on the same data
- Track obligations next to the risks they are meant to address
- Map controls once and reuse them across frameworks
- Collect evidence and attestations without a second GRC product
- Keep compliance and operational risk in one workspace
Connect appetite to what the board sees
- Link risks to strategic objectives and risk appetite
- Show where residual risk sits against tolerance
- Give leadership one view instead of three exported decks
- Add incidents when you are ready — still on shared data
In the workspace
What lives in the workspace
Concrete work financial services teams run in Essentials, not a generic module list.
Operational risk register with real owners
Branch, operations, and product teams update the risks they own. The CRO sees concentration and residual movement without chasing a workbook.
Regulatory obligations tied to controls
OSFI guidelines, Basel operational risk, and SOX controls sit on the same records as the risks they mitigate. Evidence collection is a workflow, not a folder.
Board and committee reporting
Heat maps, appetite status, and open issues come from the live register. The pack is a view of the workspace, not a reconstruction of it.
Issues, incidents, and action tracking
Control failures and operational incidents link back to the risk they affect. Actions have owners and dates instead of living in email.
FAQ
Questions Financial Services teams ask
Related industries
Same workspace. Different starting risks.
Explore how Essentials shows up in adjacent verticals.
See Essentials against your financial services register
We will map it to the risks you already track, the regulators you report to, and the committee pack you have to produce.
30 Days
Rapid Implementation
70%
Risk Reduction
100+
Organizations
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