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Key concepts

Six ideas explain how Risk Core behaves: the entity tree, roles granted at a level of it, personas, reporting periods, values the system computes, and seven product rules.

Every company is modelled as a tree: group → subsidiary → division → team. A company outside a group is a tree with one company at the root. Divisions and teams come from the organisation structure, which is entered once and used by both modules.

Entity tree with role grantsA group is a tree: group parent, subsidiaries, divisions and teams. A role is granted at one level of the tree, acts only at that entity, reads the levels beneath it and never sees a sibling. Subsidiaries are linked to the parent by report-up.REPORT-UPREPORT-UPROLE AT THE ROOTGroup parentGroup RM · Group ReaderSubsidiary AEntity Risk Manager · ApproverSubsidiary BEntity Risk Manager · HRDivisionReviewer · BCP headTeam 1Risk ChampionTeam 2Risk Champion · Team headTHE RULEA role is granted at one level of the treeIt acts only at that entityIt reads the levels beneathIt never sees a sibling companyOne person can hold several rolesLEGENDGroup rootEntityInside a companyReport-up
A role is granted at one level of the tree. It acts at that entity, reads the levels beneath and never sees a sibling company.

A role is always granted at a node of the tree — the group root, a subsidiary, a division or a team.

  • The role acts only at the entity where it is granted.
  • It reads the levels beneath that node.
  • A role at a parent company reads what its subsidiaries have reported up and never acts on a subsidiary’s records.
  • One person can hold several roles, at several levels and in several companies, under one sign-in.

The full rule set is in Roles and permissions.

Each persona has its own set of screens. A button appears only when the role allows the action, and the database refuses the action regardless of the screen.

ModulePersonas
ERM CoreRisk Champion · Reviewer · Approver · Entity Risk Manager · Executive / RMC · Group RM · Group Reader · Administrator
BCP CoreStaff · Team head · Line executive · HR · BCP head · Operator

Where each persona starts is in Your roles and where to start.

  • Only the group root opens a year. Every company in the group then works in that year, so every report consolidates.
  • RCSA runs in cycles. Roll-forward copies risks, scores and controls into the next cycle.
  • Loss events are reported monthly. Each company files its month, including a formal nil return when there were no losses. The period freezes when the RMC accepts it.
  • The BIA is approved once a year, and each approval creates a new version.

Scores, tiers, rating bands and statuses are derived by the system from the inputs. A user cannot type them: the residual score, the materiality tier of a loss event, the KRI band and the criticality tier of a BIA activity are all computed. Codes are issued by the system too — CM-RISK-2026-001, LE-2026-0001, KRI-CM-001.

Each rule is explained once, in Product rules.

  1. Down-Only Visibility — a company sees itself and the companies beneath it, never a sibling.
  2. Subsidiary-Independence — a parent reads a subsidiary’s reported records and never acts on them.
  3. Report-Up-Only — the only link between companies is each company reporting to its parent.
  4. Reported-Then-Visible — the parent sees a record only after the company has validated it.
  5. Group advisory is display-only — a parent’s BCP advisory never changes a subsidiary’s level and never pushes to its staff.
  6. Computed, never typed — scores, tiers, bands and statuses are derived.
  7. Who-filed is stamped — every record and step carries its author and time; history is append-only.