Operational Risk

By: Optial  09-12-2011
Keywords: Risk Management, Corporate Governance, Risk Management Methodologies

With today's ever more stringent regulatory pressures and the increasing need for sustainable environments the raft of existing and emerging compliance issues demand ever increasing attention.  Firms are also increasingly under pressure to better manage their operational risks to stem losses, calculate capital allocation or in response to regulatory requirements, such as Basel II, Solvency II, Sarbanes-Oxley, MiFID, TCF, COBIT, ISO27001 / ISO 27002 and AML.
Equally, the protection of shareholder value against risk requires boards and senior management to focus on their corporate governance activities.  There is increasing recognition that effective enterprise risk management serves both to protect and enhance shareholder value.

Optial can be configured to support differing risk management methodologies on the same code base, it provides institutions with a customised application to support their own choice of how best to manage operational risk.
Optial's Basel II software provides multiple components for streamlining the identification, assessment, monitoring and management of operational risks, including:

Organisations will inherently from a robust framework which controls risk in an effective and accountable way. Increasingly, being able to demonstrate the proper management of operational risk is essential not only for regulators but for shareholder value.

Keywords: Corporate Governance, Risk Management, Risk Management Methodologies

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Optial was born out of recognition of the role that technology has to play in assisting businesses to meet the challenge of establishing effective compliance programs, whether this be in the area of Sarbanes Oxley Compliance, Compliance Audit or overall Enterprise Compliance.


Audit Management

Instead, findings need to be readily and securely available to all interested and affected parties online, so that they can be updated on a regular basis with status and supporting information.The action tracking capabilities described in module 1 also apply to the Audit Module. The prime purpose of recording audits, findings and agreed actions is to ensure transparency and clarity of the resolution of issues identified during audits.


Governance Risk and Compliance (GRC

Organisations are increasingly under pressure to better manage their control and compliance activities in response to wide range of regulatory and governance requirements, some of which might be industry specific such as,, and AML and others which apply across industry such as, RIDDOR and other directives.


Operational Risk Software, Solvency II Software, Governance Risk and Compliance Software

Importantly, all data continues to be subject to the stringent and granular access control model within Optial, which ensures sensitive data is only available to authorised users. OBI means that managers can answer significant questions which are of keen interest to the board, risk committee, line management and other stakeholders. Optial SmartStart for Operational Risk.