Risk Management Scorecard

Tracking enterprise risk exposure and mitigation effectiveness

Operational Risk Compliance Risk Financial Risk Strategic Risk

Reporting Period

Q3 2023

Last Updated

Sept 22, 2023

This scorecard tracks enterprise risk exposure and mitigation effectiveness. Metrics are reviewed weekly by the Risk Committee.

Enterprise Risk Exposure

Operational

High

Compliance

Medium

Financial

Low

Strategic

Medium

Top Risk This Week

IT System Vulnerability

Critical patch required for core systems

Mitigation Progress 65%
Target Completion: Sept 30, 2023
Risk Metric Current Last Week Target Trend Status

New Risks Identified

Critical & high severity risks

 7 5 ≤5
High Risk

Mitigation Completion

% of planned actions completed

 78% 75% ≥85%
Needs Attention

Risk Incidents

Materialized risk events

 2 3 ≤1
Improving

Compliance Gaps

Regulatory non-conformities

 4 6 ≤3
On Track

Financial Exposure

Potential loss (in millions)

 $3.2M $3.5M ≤$2.5M
Improving

Risk Culture Index

Employee risk awareness score

 82% 80% ≥85%
On Track
On Track: Meeting targets
Needs Attention: Close to target but needs improvement
High Risk: Significantly off target

Risk Insights

  • Increased Operational Risk

    New IT vulnerabilities identified - critical patches required. Mitigation plans are behind schedule.

  • Financial Risk Improving

    Market volatility decreasing. Hedging strategy showing positive results.

  • Compliance Progress

    Two compliance gaps closed this week. Regulatory audit scheduled for Oct 15.

Mitigation Action Plan

  • 1

    Patch Critical IT Systems

    Complete patching by Sept 30 • Assign to IT Security Team

    High Priority Due: 5 days
  • 2

    Enhance FX Hedging Strategy

    Review with Treasury by Sept 28 • Reduce exposure by 15%

  • 3

    Conduct Risk Training

    Develop modules for Q4 • Target 90% completion by Dec 15

Risk Heatmap

Supply Chain

Low Risk

Cybersecurity

Medium Risk

IT Systems

High Risk

Legal

Low Risk

Regulatory

Medium Risk