Case Studies Global Bank KRI Module Implementation Privatized Bank Risk Assessment Framework.. Nationalized Indian Bank Risk Assessment Framework.. Global Bank Healthcare Payor Operational Risk Consulting.. National Payor Regulatory Compliance Healthcare Provider KRI & Business Impact..

Privatized Bank
Risk Assessment Framework & Risk Based Internal Audit

Client Situation

The bank was looking to automate their entire Internal audit administration process while migrating to Risk Based Internal Audit System. Before the project the customer's audit process was administered manually and had been difficult to calendar, track and verify status of various business unit positions. Moreover, standardization of the audit process could not be achieved leaving the findings wide open for interpretation and benchmarking impossible.

Approach

• Defining Audit Units
• Develop enterprise wide audit content knowledge repository, enabling organization through brainstorming.
• Define rules for rating and scoring before consolidation of assessment parameters was made
• Audit process has been designed to be a typical project with planning & execution phases
• Rule based auto scheduling has also been provided for
• Monitoring & tracking including rules for overdue works, remedial actions and also a workflow for escalation & assignments
• The step audit process comprised of Significance Analysis Risk Assessment and Detailed Analysis