0
20.0.1
Yokohama, Xanadu Patch 4, Xanadu, Washington DC Patch 7, Washington DC Patch 5, Washington DC Patch 3, Washington DC, Vancouver Patch 9, Vancouver
The Risk workspace allows the IT Risk Manager and the Operational Risk Manager to view the overall risk posture for your organization, track time-sensitive issues and major losses, and control deficiencies that may increase risks for your organization.
The workspace allows risk managers to:
- Define and manage their organizational risk and control taxonomy.
- Perform risk assessments.
- Assess controls based on design and operational effectiveness.
- Monitor the operational losses and performance of the Key Risk Indicators (KRIs) and the Key Control Indicators (KCIs).
The central issue management capability allows to define a plan of action for remediation and ensure the control gaps are corrected early.
The new user experience highlights the following:
- A default Home page for each user persona displaying actionable insights and quick links.
- A well-organized navigation menu listing modules based on the requirements of each user persona.
- Reimagined conversational risk assessments experience for business users.
- A unified task page to manage and complete GRC tasks efficiently.
- A new visualization that provides a 360° view of GRC relationships.
- Reimagined page layout with contextual information in the side panel for users to complete their tasks more efficiently.
- Record pages that provide a holistic view and actionable insights specific to what is being viewed.
- Persona-based home pages for IT-Risk, Op-Risk, and Business Risk Managers to manage their work efficiently.
- Manage all tasks assigned to a user and their groups from the consolidated task landing page.
- Contextual information about a record to indicate when you need a new 360° relationship viewer and side panels in the records.
- Manage and remediate issues from the comprehensive issue landing page.
- Playbook for seamlessly collecting risk information from first line through guided risk identification workflow.
- Guided experiences for scheduling and managing risk assessments in risk assessment scope and scheduler using the playbook.
- A conversational redesigned guided experience for risk and control assessments with enhanced configurability.
- Redesigned risk heatmap for monitoring and reporting of risk posture.
- Automate risk reporting to senior management and improve risk analysis by visualizing risk trends and movements on the heatmap workbench.
- Review and respond to the metric data efficiently using the Grid UI to provide bulk response and approval for metrics.
- WCAG 2.1 AA compliance making it accessible to all users.
- Enabled Autosave functionality on risk assessment for better user experience.
- New Formula builder in Metric definitions.
- Bulk approval and reassign of risk assessments.
[New]
- Reassess completed risk assessment projects to evaluate risks based on new insights or changing conditions.
- Copy risk responses from a previous risk assessment during the reassessment of a risk assessment project.
- Reassign assessors for multiple risk assessment projects to optimize resource allocation.
- Remove risks from a risk assessment project during the assessment to streamline focus on relevant risks.
- Enable and manage the risk response task workflow from the Risk Assessment Methodology (RAM) form.
[Fixed]
- Resolved performance issues on the home pages of Operational Risk Manager and IT Risk Manager to enhance load times.
- Resolved translation issues across multiple pages.
[Changed]
- Introducing a configurable system for previewing colors in the Risk and Advanced Risk components. This system allows the use of highlighted value component colors instead of hex codes, improving theming and addressing accessibility challenges. The update ensures consistent and accessible risk rating colors across various pages, including Risk Assessment, Heatmap Workbench, Record Overview, Dashboards, and Project Summary page.
- Inline dashboards are now set to read-only, resolving customization issues encountered during upgrades.
The following applications get installed automatically when the Risk Management Workspace application is activated:
- GRC: Risk Management (com.sn_risk)
- GRC: Common Workspace Elements (com.sn_grc_workspace)
Permissions and roles:
Role required to install the app: System Admin (admin)