Operational risk management functionality built on an enterprise-wide foundation covering organizational, process, and data management functionality

Firms are rapidly adopting the view that an effective system solution for operational risk must go beyond risk assessment surveys, loss event databases, and op risk capital calculations. Operational risk exists everywhere and in every process – from human resources to front office to accounting to financial control to settlements. Thus, the demands of operational risk drive the need for a strategic enterprise view, and an enterprise-worthy system solution that can both measure and manage op risk.

OpRiskCenter accomplishes this with four integrated components:

• data collection and monitoring
• organizational management and accountability definition
• business process and management
• op risk measurement and reporting