Identify and Manage Ops Risk

By: Latilla  09-12-2011
Keywords: Risk Management, Operational Risk Management

Operational risk management must be a pre-emptive, not a reactive process: it’s irresponsible to wait for problems to occur before finding ways of preventing them from happening again. It must be a continual process that improves the ability to identify operational risks, classify and measure those risks, assign responsibilities, implement controls, assess compliance with policies and procedures, and commicate results.

We have pioneered a powerful management tool to capture, classify, control and communicate operational risk information:

C4i Risk Library provides a suite of customizable operational risk scenarios and best practice controls and allows probability/impact levels and key risk indicators to be assigned to each risk.

C4i Risk Assessor allows the adequacy and effectiveness of internal controls to be managed via risk self-assessments, risk profile heat maps, corrective action plans and automated alert messages.

C4i Loss Events allows users to capture and analyze near-miss and actual operational risk loss data.

C4i Reports Manager provides a wide range of reports to ensure that operational risk information is available to the right people and the right time.

Keywords: Operational Risk Management, Risk Management

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