Operational Risk Report - Standard

The Operational Risk report shows all Operational Risks. It displays all data which contributes to the setup of the risk, as well as the Initial, Revised and Future rating and the risk progress.

STEP 1: Go to Reporting > Risk Management.

STEP 2: Select the 'Operational Risk Report - Standard' and choose the relevant criteria. Click the 'Preview' button.

Filter	Description
Directorate	Dropdown allows selection of Sycle Directorate (defined in Framework > Directorates). 'Show All' is selected by default.
Business Unit	Dropdown allows selection of Sycle Business Unit (defined in Framework > Business Units). If a Directorate was selected above, the pages refreshes and this filter only shows the Business Units within that Directorate. 'Show All' is selected by default.
Risk Rating Initial	Dropdown allows selection of a Risk Rating for the initial phase of the risk assessment (defined in Risk Settings > Risk Ratings). 'Show All' is selected by default.
Risk Rating Revised	Dropdown allows selection of a Risk Rating for the revised phase of the risk assessment (defined in Risk Settings > Risk Ratings). 'Show All' is selected by default.
Risk Rating Future	Dropdown allows selection of a Risk Rating for the future phase of the risk assessment (defined in Risk Settings > Risk Ratings). 'Show All' is selected by default.
Risk Category	Dropdown allows selection of a Risk Category (defined in Risk Settings > Categories). 'Show All' is selected by default.
Responsible Officer	Dropdown allows selection of an Sycle Staff member (defined in Framework > Staff). 'Show All' is selected by default.
Include Secondary Responsible Person	If ticked, chooses the risk records where selected staff member is primary OR secondary responsible person for. This is un-ticked by default.
Show Risk Solution and Business Planning details	If ticked, includes additional Risk Solution and Business Planning details. This is ticked by default.
Show Solution Summary only	If ticked, only the Risk Solution (without details) will be shown in the relevant area. This is ticked by default.
Risk Treatment	Dropdown allows selection of a Risk Treatment (defined in Risk Settings > Risk Treatment). 'Show All' is selected by default.
Order By	Dropdown allows selecting a sorting mechanism for the records in the report to be listed down. Alphabetical order by Risk Name, By Risk Code and by Risk Rating ( Initial, Revised or Future ) are some of the given options. 'Alphabetical order by Risk Name' is selected by default.
Risk Status	Dropdown allows selection of a Risk Status, to be chosen from whether that Risk is 'Active' or 'Inactive'.
Business Process	Dropdown allows selection of a Business Process (defined in Risk Settings > Advanced Settings > Business Process). 'Show All' is selected by default.
Legislation	Dropdown allows selection of a Legislation (defined in Risk Settings > Advanced Settings > Legislation). 'Show All' is selected by default.

Report Element	Description
Directorate	Name of the Directorate selected by user. These data are drawn from the Directorate (s) defined in Framework > Directorates.
Business Unit	Name of the Business Unit selected by the user. These data are drawn from the Business Unit (s) defined in Framework > Business Units.
Risk Code	Unique code for each risk. Risk Code is given at the Risk creation.
Risk	Risk name. This is mentioned at the Risk creation.
Responsible Officer	Responsible Officer allocated for the Risk.
Secondary Responsible Officer (s)	Secondary Responsible Officers allocated for the Risk.
Risk Category	Risk categories (primary category listed first and then secondary categories if relevant). Selected at the Risk creation.
Review Frequency	Risk review frequency (i.e. annual, monthly etc.) Data drawn from the chosen Review Frequency at Operational Risk > Risk Review area. Different Review Frequencies are defined at Risk Settings > Advanced Settings > Review Frequency area.
Assessment phases for a Risk. Under each phase there are sub-sections such as assessment, solution and treatment. Each sub-section also contain Risk attributes.
Initial Assessment Revised Assessment Future Assessment	Assessment phases
	Likelihood	Risk likelihood identified in Initial phase
	Consequence	Risk consequence (identified via Consequence Reference Grid)
	Effectiveness of Controls	Effectiveness of Controls identified in Initial phase
	Custom Criteria	Client defined criteria
	Last Modified Date	Date initial risk assessment last saved. Will appear as N/A if no date available (possible if data was migrated)
	Risk Rating	Initial risk assessment rating (as per the calculation defined in Risk Calculation Settings)
	Causes	Causes identified during Initial phase
	Consequences	Consequences identified during Initial phase
	Existing Controls	Existing Controls identified during Initial phase
	Future Controls	Future Controls identified during Initial phase
	Treatment (s)	Treatments identified in initial phase
	Risk Solution Related Fields. ‘Show Risk Solution and Business Planning details’ tickbox must be ticked to display these. Separated by a dashed line break.
	Solution	Name of Risk Solution
	Responsible Officer*	Responsible Officer for the solution
	Reporting Frequency*	Risk solution reporting frequency i.e. annual, monthly etc.
	Status*	Status of Solution (i.e. In Progress, Completed)
	Due Date / Completed Date*	Due Date and Completed Date of Risk Action. Will appear as N/A if date is not mentioned.
	% Complete*	Percentage complete of risk solution
	Progress Comment*	Last Progress Comment for risk solution
	Resource Requirement*	Resource Requirement for Risk solution
	Business Plans connected fields. ‘Show Risk Solution and Business Planning details’ tickbox should be ticked to display these. Separated by a dashed line break.
	Related Goals*	All Sycle Goals linked to this Risk are listed if “Link Risks to hierarchy” parameter on.
	Related Goals (Risk Solutions)*	All Sycle Goals linked to this Risk’s Solutions are listed
	Related Outcomes*	All Sycle Outcomes linked to this Risk are listed if “Link Risks to hierarchy” parameter on.
	Related Outcomes (Risk Solutions)*	All Sycle Outcomes linked to this Risk’s Solutions are listed
	Related Strategies*	All Sycle Strategies linked to this Risk are listed if “Link Risks to hierarchy” parameter on.
	Related Strategies (Risk Solutions) *	All Sycle Strategies linked to this Risk’s Solutions are listed
	Related Actions*	All Sycle Actions linked to this Risk are listed if “Link Risks to hierarchy” parameter on.
	Related Actions (Risk Solutions) *	All Sycle Actions linked to this Risk and its Solutions are listed
	Related Tasks*	All Sycle Tasks linked to this Risk are listed if “Link Risks to hierarchy” parameter on.
	Related Tasks (Risk Solutions) *	All Sycle Tasks linked to this Risk’s Solutions are listed
Business Process	Related Business Processes.
Legislation	Related Legislations.

Custom Fields

The new enhanced Custom Fields functionality (please refer to Risk Fields in Advanced settings)

The report will display these new fields based on the visibility configured within the Risk Fields area.

Last revised: November 26, 2017