Long-term banking success through efficiency and risk awareness
Non-financial risks (NFR) include all risks that do not arise directly from financial transactions but can nevertheless have a significant impact on a bank's business operations and stability. These include, for example, operational risks, IT risks, cyber risks, model risks, and compliance risks.
How well is your bank positioned to deal with non-financial risks?
Start the NFR Mini Quick Check now!
Current challenges for your bank
For years, banks have been facing a wide range of challenges—regulatory, technological, and personnel-related. The shortage of skilled workers in particular jeopardizes the transfer of knowledge in dealing with non-financial risks. Strong teams, mutual support, and practical tools are crucial for managing risks in a structured and effective manner.
At the same time, non-financial risks are increasing: transformation and IT projects, stricter compliance requirements, and growing dependence on third-party providers require clear management, strategic foresight, and openness to new solutions.
With regard to the Digital Operational Resilience Act (DORA), the requirements for ICT risk management are changing: In addition to risk assessment and management, DORA requires a holistic resilience strategy including stress tests, reporting processes, and failure scenarios. We combine established risk management methods with the new requirements, creating regulatory certainty while strengthening operational resilience.
Challenges
- Emergence of new non-financial risks
- Skills shortage
- High regulatory requirements
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Impact
- Non-transparent risks and inefficient use of resources
- Overworked staff and compliance risks
- High deployment of personnel and
Approaches to solutions
- Holistic control model for non-financial risks
- IT-supported OpRisk management to reduce manual effort
- Standardisation and automation to increase efficiency
Our solution
Efficient, resource-saving and holistic management of non-financial risks is becoming increasingly relevant in the face of growing challenges. The key is to identify new types of risk at an early stage, make targeted use of existing synergies and effectively prevent damage.
We rely on sound analysis, clear decisions, forward thinking and close cooperation with our customers.
The decision to choose our solution is based on clear added value: it supports fact-based decisions, increases transparency in risk management and ensures noticeable efficiency in operational implementation.
msg.NFRA for comprehensive management of your non-financial risks
Many banks do not have a structured view of non-financial risks: processes are decentralized, assessments are inconsistent, and aggregation is virtually impossible. Excel lists without a central database are often used, and risk calculations are insufficiently validated. This leads to a lack of transparency, makes traceability difficult, and is regularly criticized by auditors.
With the msg.NFRA app, your bank benefits from the following advantages:
✔ Better control through clear measure tracking and the ability to reduce risks in a targeted and prioritized manner.
✔ Greater efficiency thanks to a central tool that can be used across departments and eliminates manual work steps.
✔ Up-to-date risk information in real time, as assessments no longer have to be carried out exclusively as part of annual risk assessments.
Choose an app that impresses with its intuitive operation, transparent processes, and complete documentation—efficient, well-designed, and attractively priced.
Would you like to learn more about our app?
Optimizing NFR management – from strategy to implementation
- NFR Quick Check (Let's work together to find out how well your institution is positioned in terms of NFR management and where targeted further developments are possible)
- Consulting on NFR strategy and governance
- Analysis of risk coverage and risk completeness
- Development of an integrated NFR framework
- Implementation of MaRisk and EBA guidelines with a focus on non-financial risks
- Holistic NFR risk management: From identification to mitigation
- Process analysis and optimization of risk self-assessment (RSA)
- Introduction of non-financial risk tool
- Analysis, validation, and further development of risk simulation models
- Benchmarking of existing risk values and development of concrete suggestions for improvement
- Development, analysis, and optimization of NFR reporting
- Introduction of structured measure tracking for monitoring and effectiveness control
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Your contact
works at msg for banking in the area of non-financial risk and sustainable finance, focusing on topics such as operational risks, climate stress tests, and ESG requirements.
at msg for banking, he advises financial institutions on sustainable banking, bank and risk management, including regulatory requirements.