4Sight Risk Management: Run the Full Operational Risk Lifecycle in One Place

For CROs and heads of operational risk in banks, NBFCs and insurers. Identification, RCSA, KRIs, loss events, control testing, issues and board reporting on one register, built on TrustCore.

Who it is for

Roles
Chief Risk Officers, heads of operational risk, risk managers and risk committees.
Industries
Banks, NBFCs, co-operative and small finance banks, insurers and other regulated enterprises.

What it replaces

Most operational risk programmes are run from spreadsheets that are refreshed once a year.

Running on spreadsheets

  • A risk register refreshed once a year
  • RCSA sent out as email questionnaires
  • KRIs tracked in a separate dashboard, or not at all
  • Loss events logged after the fact, without root cause
  • Control test results that never update the RCSA
  • Board packs assembled by hand each quarter

Running on 4Sight Risk Management

  • One register of risks, controls and owners
  • RCSA with inherent and residual scoring in the tool
  • KRIs with thresholds that warn before limits are breached
  • Loss events linked to the risks and controls involved
  • Control testing that feeds straight back into the RCSA
  • Board reporting generated from the same records

How it works: one connected lifecycle

Six stages, one register. What happens at each stage updates the others.

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  1. 1

    Identify and assess

    Build the risk and control libraries and run RCSA with 5x5 inherent and residual heatmaps.

  2. 2

    Monitor

    Track KRIs and KPIs against thresholds set from your risk appetite.

  3. 3

    Loss and incident

    Record loss events and near misses, and run root cause analysis.

  4. 4

    Control testing

    Test controls on a schedule; results feed back into the RCSA.

  5. 5

    Issue and action

    Raise issues and actions in one queue shared across all 4Sight modules.

  6. 6

    Report and govern

    Produce board and committee reporting from the same records.

AI in Risk Management, with a person in control

What the AI does

Prioritisation of risks and actions, trend analysis across KRIs and losses, control rationalisation, SOP coverage checks and regulatory change analysis.

The AI writes nothing on its own

Every AI suggestion is a draft. Nothing is written to the register until a person reviews and accepts it.

Every prompt and reply is logged

The audit trail records each AI prompt, each response and who accepted or rejected it, so the AI's role can be shown to an auditor or regulator.

Key features

Eight capabilities, grouped by what a risk function does with them.

01

Identify and assess

Know what can go wrong, and how well it is controlled.

One register, not one spreadsheet per team.

Risk and control libraries

  • Standard risk and control taxonomies
  • Mapped to your GRC frameworks
  • Owners and business units on every record

RCSA

  • 5x5 inherent and residual heatmaps
  • Assessments run in the tool, not by email
  • History kept for every rating change

Risk appetite

  • Appetite set per objective
  • Thresholds that drive KRI alerts
  • Breaches visible in reporting
02

Monitor and respond

See problems early, and close them out.

From signal to action in one queue.

KRIs and KPIs

  • Indicators with amber and red thresholds
  • Linked to the risks they measure
  • Trend view over time

Loss events

  • Loss and near-miss capture
  • Root cause analysis
  • Linked to risks and failed controls

Control testing

  • Test plans and schedules
  • Evidence attached to each test
  • Results feed back into the RCSA

Issues and actions

  • One queue across all 4Sight modules
  • Owners, due dates and escalation
  • Closure evidence kept on record
03

Look ahead and report

Tell the board what is changing, not just what happened.

Reporting from the records, not around them.

Risk Radar

  • Horizon scanning of regulatory signals
  • Economic, technology and geopolitical signals
  • Emerging risks linked to the register

Board reporting

  • AI executive summary of the risk profile
  • Board, Executive Committee and Risk Committee views
  • Generated from the same live records

Regulations covered

The libraries map controls once and reuse them across the frameworks below.

India

  • RBI IT governance and cyber security directions
  • IRDAI information and cyber security guidelines
  • SEBI cybersecurity and cyber resilience framework
  • CERT-In directions
  • Digital Personal Data Protection (DPDP) Act
4Sight in India

Africa

  • Central Bank of Kenya guidance
  • Insurance Regulatory Authority (IRA) Kenya
  • SASRA, for SACCOs
  • Kenya Data Protection Act
4Sight in Africa

Middle East

  • Coverage by market on request
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Deployment and security

Your choice of deployment

Cloud, hosted in your region, or on-premise. The product is the same in each; the choice depends on your data residency and regulatory needs.

Built on TrustCore

Every product shares TrustCore’s data model, identity and access controls, and audit trail, so a change made in one place is traceable everywhere.

Published security status

Our security practices and certification status, including work still in progress, are published in the Trust Center.

Frequently asked questions

Who is 4Sight Risk Management for?

Chief Risk Officers and heads of operational risk in banks, NBFCs, co-operative and small finance banks and insurers, and the risk teams and committees that work with them.

Does the AI change our risk register?

No. AI output is a suggestion until a person accepts it, and every prompt and reply is logged in the audit trail.

Can we start with RCSA and add the other stages later?

Yes. Most teams start with the risk and control libraries and RCSA, then add KRIs, loss events and control testing. Each stage uses the same register, so nothing has to be migrated twice.

How does it relate to the other 4Sight modules?

Risk Management shares one issues and actions queue, one control library and one audit trail with the compliance, audit, policy, third-party, resilience and cyber modules.

How is it deployed?

As cloud, hosted in your region, or on-premise, on the TrustCore platform.

See the operational risk lifecycle on BFSI sample data.

Book a 30-minute demo of 4Sight Risk Management using sample data from a regulated financial institution.