Country Risk Ranking Model
Context
- Selection and prioritization of countries for audit: Countries carry various types of risk like financial risk, compliance risk, operational risk and strategic risk etc.
- The objective is consolidating all those risks into one metric and rank order the countries for audit purpose
Analytics Solution
- Interactive & scalable model to help organization in Planning & Scoping the audits
Design
- Define the internal risk metrics which highly influence the country performance
- Identify the external indicators that are relevant for the country
- Considere the last two years information for the analysis
Proposal
- Define Ranking methodology for all the internal/external risk indicators of the country
- Assign weights to each indicator for simulations study
- Create selection options across pre-defined data fields
Impact
- Graphical representation & rank ordering of countries across multiple risk indicators
- Flexibility of choosing ranks for individual indicators and combined effect of all risk indicators