MIR is Management Solution’s answer to integrated risk management, unifying the regulatory and management views under the same customizable and modular platform, offering a global solution both from the regulatory and the risk management point of view, maximizing the consistency and exploitation of the risk information obtained by every area of an Entity. In a changing and competitive environment like the current one, an adaptable integrated risk solution becomes necessary, enabling a nimble decision making process and reducing the timings of putting into production new strategies. MIR includes the following functionalities:

i) Policies and Model Manager – Risk Assessment Tool: analytical environment focused on covering all the risk decision model´s life cycle, allowing the analysis of automated strategies (score + rules) and allocation of responsibilities; ii) Campaign Manager: enables the assessment of a target population by integrating risk models and policies ; iii) Alerts and Portfolio Manager: allows to define and monitor alerts (portfolio, customer, product, etc.) for key risk indicators (volume, late payments, expected loss, capital, RAROC, etc.); iv) Risk Parameter: contains all attributes necessary to estimate risk parameters (PD, LGD, CCF), enabling its exploitation using data mining tools; v) Regulatory Compliance: covers the needs relating to provisions and capital calculation and regulatory reporting (Basel Pillars I, II and III) and provisions according to IFRS 9 standards and country-specific regulatory requirements; vi) RAROC and Pricing: allows entities to measure different risk-adjusted profitability levels through the PRICING driver, adjusting pricing policies to align them with their target profitability; vii) Stress test and Capital and provisions planning: allows you to create capital planning and provisions stress scenarios considering internal and regulatory solvency targets and provision levels; viii) Scorecard: includes a complete and customizable risk scorecard enabling analysis at different aggregation levels as well as the creation of multidimensional reports.

The different modules are implemented across more than 100 financial institutions.

Learn more: MIR web

MIR

Autor: Management Solutions