Operational Risk Management
Aside from credit, market and liquidity risk management, operational risk management is one of the key disciplines for managing risk – especially within financial institutions. EU regulations mandate that these institutions adequately manage and mitigate operational risks.
What added value does Operational Risk Management provide?
An established operational risk management process helps companies achieve the objectives that drive success.
Establishing standardized methods
Implementing a standardized approach to identify, assess and mitigate operational risks.
Standardizing management of damage claims
Introducing standards for registering, evaluating and reporting operational loss events.
Implementing regulatory requirements
Fulfilling requirements defined by the European Banking Association.
Enabling BIA usage
Allowing the institution to follow BIA, a more favorable approach for calculating required minimum capital.
Identifying potential savings
Saving costs by reducing losses caused by operational events.
Determining the need for optimization
Creating input for areas needing to improve overall risk management and internal control procedures.
What should be considered in Operational Risk Management?
As part of the implementation, relevant challenges should be considered at an early stage in order to ensure success.
What are the advantages of an Operational Risk Management software solution?
Our Operational Risk Management software risk2value enables the development of a future-proof, efficient management system.
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Which risk2value solution is right for me?
Whether individual or out-of-the-box solution – at avedos you will find the right software.
risk2value standard solutions
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These companies rely on our expertise.
Here you can see a small selection of our Operational Risk Management clients.
The globally operating financial expert Vontobel has been using risk2value for several years. Read the review here.
Operational risk management and internal control system at Vontobel
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