The purpose of this Request for Proposal (RFP) is to solicit responses from qualified software vendors and consulting partners to: Implement and Integrate an ERM Software: Provide an integrated software solution that will facilitate effective and centralized risk management across BND’s enterprise. Assist in the Evolution of ERM and Capital Planning Practices: Advise and support BND in evolving its ERM Program and capital planning process, ensuring alignment with the institution’s objectives, regulatory requirements, and industry standards. Set and Reevaluate the Risk Appetite Model and Statement: Advise BND to refine its risk appetite and risk tolerance levels. Establish Key Risk Indicators (KRIs): Help BND evolve and implement KRIs to monitor and measure risk across the enterprise. Benchmarking and Trend Analysis: Benchmark BND’s risk profile against peers in the banking industry and provide trend analysis to help forecast risk exposure and opportunities for improvement. Establish a robust capital planning process.
