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Risk Maturity Framework

Risk Maturity Framework

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Measure your risk maturity level against industry standards and regulatory guidance

Community and mid-size financial institutions are challenged to address not only enterprise-wide risks, but also broader, emerging risks such as cyber-attacks, climate, and other existential threats. To be effective, risk managers at these institutions require a clear vision of their risk maturity—and shortcomings—in order to construct holistic, integrated risk management solutions.

RMA Risk Maturity Framework, powered by SRA Watchtower, enables financial institutions to identify their risk management maturity across nine pillars and align management practices to the Board's risk appetite.

 

How does it work?

Being both diagnostic and prescriptive, organizations can complete a Risk Maturity Framework evaluation to identify and prioritize their areas of improvement. Completing the assessment is an opportunity to self-evaluate your organization's risk maturity and be provided a plan of action you can immediately implement. ​Those who complete the Risk Maturity Framework evaluation will get their results via SRA Watchtower.

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Why Use RMA Risk Maturity Framework?

    

Coming in 2022: Allows for peer comparison benchmarking in future state

Educates the Board and executive team on the institution's current risk maturity level

Facilitates conversation on the expected future risk maturity level at the Board level

Informs regulators on the institution's risk maturity progress and supports regulatory compliance 

Helps facilitate the development of a risk roadmap

Accommodates management of risk improvement activities

    

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Our partnership with SRA

The RMA Risk Maturity Framework, powered by SRA Watchtower, was developed to enable financial institutions to identify their risk management maturity across nine pillars and align management practices to the Board's risk appetite. SRA and RMA, with the support of the RMA Mid-Tier Council, partnered to create this framework to help institutions effectively elevate their risk management practices and track improvement.