Governance, Risk and Compliance Consulting
Enterprise Risk Management (ERM) Digitization
Rayterton helps banks and large enterprises turn fragmented risk practices into a fully digitized Enterprise Risk Management platform. The focus is an integrated ERM environment, anchored on risk registers, KRI dashboards, and Three Lines of Defence workflows, that is ready for real use before you commit to a long term program.
Designed for Board Risk Committees and CRO teams
Group level and subsidiary level coverage
The ERM Digitization offering combines consulting, configuration of ERM tools, and implementation of GRC workflows. It is suitable for organizations that want to move away from spreadsheet based risk registers toward an integrated, auditable, and analytics ready risk platform.
Board and Executive Risk Reporting
KRI and Risk Appetite Monitoring
Operational Risk and 3LoD Workflows
Primary owners
Chief Risk Officer, Head of ERM
Key partners
Risk Committee, Business Unit Heads
Supporting teams
Compliance, Internal Audit, IT Risk
Rayterton positions this as an accelerator for digital risk culture. ERM Digitization is closely linked with governance and risk culture workstreams.
Service scope
What the ERM Digitization program delivers
A structured program that combines framework design, technology enablement, and change adoption so that ERM becomes a daily management tool, not only a compliance exercise.
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Integrated ERM platform
Consolidated risk register, KRI library, incidents, and treatment plans in one configurable environment that can be deployed on your chosen technology stack or on Rayterton components.
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Risk register and KRI dashboards
Digitized risk registers with ownership, likelihood and impact scales, controls, and linked KRIs, plus dashboards for Board, CRO, and business units.
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GRC system blueprint
High level and detailed design for a Governance, Risk and Compliance system that can support ERM, operational risk, compliance obligations, and policy management.
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Operational risk management module
Event capture, loss data collection, control assessment, and issue tracking aligned with your operational risk framework and regulatory expectations.
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Three Lines of Defence digital workflows
Maker checker approval paths and 3LoD sign off for key ERM activities, such as risk identification, control attestation, and remediation validation.
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Link to risk culture and governance
Integration of ERM processes with governance committees, charters, and risk culture programs so that decisions and behaviours are traceable in the ERM platform.
Target organizations and teams
Who typically engages Rayterton for ERM Digitization
The ERM Digitization service is suitable for banks, financial institutions, and large corporates that want to modernize risk management and move beyond spreadsheets.
Board Risk Committee and Risk Oversight Committee
Chief Risk Officer and Enterprise Risk Management Office
Operational Risk, Compliance, and IT Risk teams
Business Unit Risk Coordinators and Control Owners
Internal Audit and Three Lines of Defence stakeholders
Data, Analytics, and Risk Reporting teams
Engagement model
How Rayterton typically runs an ERM Digitization program
The focus is a working ERM environment that already reflects your risk taxonomy, KRIs, and governance structure before you approve a full scale roll out.
Phase one
Discovery and design
Rayterton starts with workshops involving risk owners, business leaders, and assurance functions. Existing frameworks, policies, and risk registers are reviewed to define the future ERM data model, workflows, and reporting views.
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Assessment of current ERM practices, tools, and governance structure.
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Definition of risk taxonomy, KRI library, and required dashboards for different audiences.
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Agreement on minimum viable product scope for the digital ERM platform.
Phase two and three
Prototype, pilot, and scale
A working ERM prototype is configured using real sample data so that leadership can test the environment. After adjustments, the solution is rolled out in waves, supported by training and risk culture reinforcement.
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Configuration of ERM platform, risk register, KRI dashboards, and 3LoD workflows based on agreed design.
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Pilot deployment for selected entities or portfolios, including migration of historical risk items and issues.
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Organization wide roll out and optional integration with other Rayterton solutions, such as AI Governance, Digital Risk Management, or Data Governance services.
Value for your organization
What you get from Rayterton
The engagement model follows the same pattern as other Rayterton solutions. The focus is a working ERM environment that already reflects your risk structure before you make any commercial commitment.
Before go live
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Free customization for key ERM menus, workflows, and base reports that your risk and governance teams need.
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Working trial environment that already uses your risk taxonomy, KRI definitions, and committee structures.
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Support to migrate agreed historical risk registers, incidents, and remediation actions into the new platform.
After go live
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Annual maintenance that already includes change requests for ERM fields and workflows without extra man day cost.
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Monitoring and performance tuning for application and database when required, so that dashboards remain responsive.
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Optional deeper integration with other Rayterton modules such as AI Governance, Digital Risk Management, or Data Governance platforms.
Ready to digitize Enterprise Risk Management for your institution
Share your current ERM framework, sample risk registers, and key reporting needs. The Rayterton team will prepare an ERM digitization prototype that your CRO, risk office, and governance committees can review and refine together.
