AffirmX Enterprise Risk Management Assessment (ERMA)

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The AffirmX Enterprise Risk Management Assessment (ERMA) solution evaluates and scores an institution’s control points which are associated with the seven primary categories of risk:

  • Credit
  • Interest Rate
  • Liquidity
  • Transaction
  • Compliance
  • Strategic
  • Reputation

Through a series of steps, the AffirmX ERA solution provides a numerical evaluation for each of these seven categories and an overall Enterprise Risk Score. The process results in a completed Enterprise Risk Assessment with material observations and rationales that serve as the core component of an institution’s Enterprise Risk Management program.

When fully utilized, AffirmX ERA services better position your institution to present established controls effectively as well as to modify controls/artifacts as necessary to improve internal monitoring efforts and expedite a supervisory examination.

For more information, contact David Hawkins.