Operational Risk solution helps banks comply with operational risk and corporate governance regulations and provides operational risk analytics and reporting capabilities.
Operational Risk solution helps you comply with operational risk and corporate governance regulations. It provides operational risk analytics and reporting capabilities that help you capture operational risk issues, control internal sign-off and measure the economic impact of risks.
- Offers enterprise-level multi-region and multi-language capabilities with a security model and full audit trails
- Features a highly configurable user interface that can incorporate organization-specific terminology
- Provides a RCSA module for qualitative and quantitative risk and control scoring methodologies
- Enables enterprise-wide loss event tracking, reporting and action identification
- Incorporates a comprehensive suite of configurable reports that provide instant visibility into risks that need immediate attention
- Assigns risk management responsibility and accountability across the bank
- Identifies high risk areas using a range of subjective and objective business user-driven metrics
- Ensures that Basel-defined qualitative standards are met to qualify for standardized and advanced approaches for operational risk capital reporting
- Helps assess risk costs effectively
- Streamlines the capture, approval and reporting of errors, incidents and omissions
- Provides a robust foundation for governance, risk and compliance data capture and management reporting
- Allows business users to quickly and efficiently perform a range of tasks with minimal training