One of the key questions financial services firms ask every morning is, “Am I riskier today than I was yesterday?” Institutions need to know whether their risk profile has changed, and why. In such a highly competitive industry and a constantly evolving economic environment, knowing how and why their risk profile is changing—or is about to change—is a significant advantage because it can enable them to capitalize on potential business opportunities or to mitigate risk. Having a holistic, real-time view of risk also helps firms meet the heightened expectations of regulatory agencies across the globe.
In this article, Protiviti's Cory Gunderson explains how the Protiviti Risk Index can enable firms to confidently assess their risk exposure.