4 Risk data and the business
Risk information can be used at all
levels of the business as described
to the right. Where data is used for
business planning at the senior level,
it must be visual, simple and tied to
clear organisational priorities.
Data shared at business unit level can
link to KPIs to support management in
reaching their operational objectives
and increasingefficiency.
INPUT USER OUTPUT
RISK DATA
» Risk appetite
statements
» Risk registers
» Key performance
indicators
» Key risk indicators
» Insurance claims
information
» Loss and near miss
information
» Risk survey data
» Customer interaction
patterns
» Purchased data
» Data sourced from the
internet and cloud
BOARD
» Risk committee
» Audit committee
SENIOR
MANAGEMENT
» Finance
» IT
» Security
» Compliance
OPERATIONAL
MANAGEMENT
» Individual risk owners
Informing strategic
decision making
Aiding assessment of
risk management and
governance frameworks
and risk financing
decisions
Supporting daily
management of
operational risk decisions
RISK DATA AND THE BUSINESS
DRIVING THE DATA DIVIDE
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