Description

Operational Risk Services can help a company manage operational risk both at the enterprise and business-unit level. They help building OpRisk strategies and organizational structures, designing and implementing qualitative tools for identification and assessment (Loss data collection, Key Risk Indicators, Risk Assessment), and designing and implementing OpRisk quantification (VaR) models. The design of a reporting provides a link to strategic and day-to-day decision making. The service offering covers both regulatory aspects (such as support in regulatory approval) and business aspects (such as the optimization of insurance coverage and the what-if-analysis of M&A activities).

Features

• Create awareness and a risk culture for Operational Risk
• Design and implement an Operational Risk framework
• Develop Operational Risk strategies and processes
• Conduct diagnostic and regulatory compliance reviews
• Evaluating Operational Risk management skills and training requirements
• Developing and delivering tailored training programs

Benefits

• Delivers input for more efficient strategic and day-to-day decision making, taking into account the impact on the risk profile
• Helps enable efficient measurement and allocation of Operational Risk capital
• Works out policies and procedures for controlling or mitigating Operational Risk
• Identifies key exposures and clarifies personal roles and responsibilities