OPERATIONAL RISK MANAGEMENT (ORM)
Operational risk is, as the name suggests, about the risk arising from the operational execution of the organisations strategy. A widely used definition of operational risk is the one contained in the Basel II regulations. This definition states that operational risk is the risk of loss resulting from inadequate or failed internal processes, people and systems, or from external events.
- OUR SOFTWARE WILL ENABLE YOU TO:Develop the processes, framework and culture to manage the organisational threats and opportunities
- Efficiently implement frameworks such as COSO Enterprise Risk Management framework, BS31100, ISO31000
- Easily implement Operational Risk Frameworks
- Monitor and assess operational risk via risk assessments, control self-assessments and Key Risk Indicators (KRIs)
- Meet regulatory obligations, including Basel 3, Solvency 3
- Respond effectively to FSA RMP and Section 166 requirements
KEY BENEFITS OF OUR SOFTWARE ARE:
- Reducing operational risk-related errors and losses.
- Reducing operational costs.
- Building a culture that can manage through a crisis.
- Developing the capability to enable the organisation to drive revenue through exploiting more risky market opportunities.
You can try our software for free for 30 days, no credit card/payment required! Simply create a new account by filling out the 3 boxes below.
