The Bank of England is tendering for a risk assessment IT system worth up to £2.5m.
The system will enable recording of firm risk assessments, including risk scores and commentary, said the tender notice.
It must allow for sectoral risks to be recorded and linked to firm specific risk assessments, provide a flexible capability to analyse and report on risk assessments, drill-down and aggregate functions and be able to generate advanced visualisations and management reports.
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The contract will last for three years with the possibility of a two-year extension. System implementation will begin this year.
Other features will include the identification and planning of risk assessments and the tracking of risk actions. It will be integrated with other systems such as The Bank of England’s document management system, FileSite.
It will also use a range of analytical tools, to provide risk indicators from firm data to suggest risks or risk scores and case management tools, said the note.
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