Nex Systems

Built into Nex AML, not a separate tool

See the risk across your business.

Assess enterprise exposure, test the strength of your controls and review what remains. Bring the evidence, actions and approvals into one assessment.

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Customer, product, location and activity modules connect to a business risk assessment.

From exposure to a considered risk position.

Enterprise-wide risk assessment, often called EWRA, looks across the organisation. It complements the rating of an individual customer.

Inherent risk

Understand the exposure before controls are credited.

Control effectiveness

Consider control design and current test evidence.

Residual risk

Review the remaining risk against your organisation’s appetite.

Build the assessment from the business you run.

Read exposure from your customer book, products, locations and activity. Trace each factor back to the rule and source behind it.

  • Assess the areas defined by your methodology.
  • Keep missing evidence visible.
  • Compare with the last approved assessment.

Enterprise-wide assessment

Annual review

Customer exposure

Inherent
High
Residual
Medium

Within appetite

Product exposure

Inherent
Medium
Residual
Medium

Within appetite

Geographic exposure

Inherent
High
Residual
High

Action needed

Geographic exposure
Source
Transaction register
Factor
Cross-border activity
Action
Review corridor controls
A control review pairs the control design with its test evidence.

Give controls credit they can support.

Control design and current testing determine the credit an assessment can take. An untested control does not reduce the risk just because it is on the register.

  • Link controls to the assessment.
  • Review design and operating effectiveness.
  • Keep inherent and residual risk visible together.

Turn the assessment into owned action.

Record an owner and due date for areas above appetite. Resolve outstanding ratings and overrides before submission, then send the assessment for independent approval.

  1. 1Assign the response.
  2. 2Review the judgement.
  3. 3Preserve the approved record.
An action plan links geographic exposure to an owner, due date and approval.

Before you get started.

A customer assessment considers one relationship. An enterprise-wide assessment examines exposure across the organisation, including its customer book, products, locations and activity. It helps the team evaluate controls, residual risk and the actions needed under the programme’s risk appetite.

Bring your risk position into view.

Explore an assessment built around your exposure, controls and review process.

Book a demo