SRA

Risk Culture Maturity Framework

Adopted by the RMA Mid-Tier Banking Committee
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NAVIGATE RISK
DRIVE GROWTH
Executive + Board Intelligence
Realtime + Periodic Reporting
Data Visualization
Alerts + Notifications
Risk Escalation

stage 1

stage 2

stage 3

stage 4

stage 5

Risk Governance
Departmental​Risk Management
Enterprise Risk Management
Independent Assessment  
Strategic Management
Advanced Analytics
Board & Executive Governance Structure​
Departmental Risk Assessments & Risk Response
Enterprise Risk Profile &​Risk Assessment Results
Internal Audit
Strategic Planning & Imperative Management
Enterprise Risk & Performance Dashboards
Risk Management Framework Risk Culture &Tone at The Top
Compliance& Legal Risk Management
Risk Appetite (KRI/KPI) & Key Risk Management
Loan Review or Credit Risk Review
Competitive Analysis & ​Peer Benchmarking
Model Development & Model Risk Management
Risk Appetite Oversight & Policy Management
Financial Crimes AML/BSA/OFAC
Issue & Action Plan Management
Regulatory Exams, Feedback & Actions
Capital & Liquidity Stress Testing & Scenario Analysis
M&A Planning, Due Diligence & ​Risk Profile
Executive Compensation Including Risk Performance
Third-Party Management
Risk Acceptance Process
External Audit
Credit Stress Testing​ & Scenario Analysis
Innovation Program & New Product Strategy
1st & 2nd Line Talent Management (Staffing,   Training & Performance)
Business Continuity & Resilience ​
Industry Risk Event ​Monitoring & Emerging Risk Identification​
Credit Rating Agencies & Industry Analysts
Exogenous Risk & Economic Forecast
Loss Event Management & Risk Attribution Analysis
System of record - key risk + performance information
Data Lineage
Aggregation
Normalization
Resultant Information Storage
Ingestion
Data Management
Data Quality
Risk Governance
Data Storage + Usage
Data Architecture
Chief Data Officer
The Objective of the Risk Culture Framework is to Support the Achievement of Long-Term Strategic Goals

sra watchtower foundation

HINDSIGHT
INSIGHT
Foresight
Base Risk Information
Data Aggregation, Normalization + Validation
Advanced Analytics and Intelligence