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Strategy Management

By linking strategy, quality and sustainability with traditional GRC domains in a comprehensive enterprise management system, organizations can ensure the joint alignment of various disciplines and responsible business units.
Romana Hanig avedos Mitarbeiter

Simply contact us for more information regarding Strategy Management.

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Romana Hanig

SALES & ACCOUNT MANAGER

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Objectives

Wenden Sie sich bei Fragen zum Strategy Management bitte direkt an uns.

  • Implement a standardized approach to identify, assess and mitigate operational risk
  • Implement a standardized approach to record, quantity and report on operational loss events
  • Fulfill the requirements as set out be the European Banking Association (EBA)
  • Allow the institution to follow the more beneficial BIA for the calculation of the required minimum capital
  • Support the protection of customers deposits and contribute to continued operations of the institution
  • Cost saving by reduced losses caused by operational events
  • Input for improvement areas regarding overall risk management and internal control procedures

Aligning risk appetite and strategy

Management considers the entity’s risk Appetite in evaluating strategic alternatives, setting related objectives, and developing mechanisms to manage related risks.

Enhancing risk response decisions

Enterprise risk management provides the rigor to identify and select among alternative risk responses – risk avoidance, reduction, sharing, and acceptance.

Reducing operational surprises and losses

Entities gain enhanced capability to identify potential events and establish responses, reducing surprises and associated costs or losses.

Aligning risk appetite and strategy

Management considers the entity’s risk Appetite in evaluating strategic alternatives, setting related objectives, and developing mechanisms to manage related risks.

Enhancing risk response decisions

Enterprise risk management provides the rigor to identify and select among alternative risk responses – risk avoidance, reduction, sharing, and acceptance.

Reducing operational surprises and losses

Entities gain enhanced capability to identify potential events and establish responses, reducing surprises and associated costs or losses.

Challenges

  • Knowing about / being able to report on the operational risks
  • Knowing about materialized risk events and hence not being able to provide transparency on those events and the resulting capital requirements
  • Meeting managements' expectations while keeping the involvement of the 1st line at a reasonable level
  • Making sure that their framework is being consistently applied in all affiliated entities which means across different cultures and sizes of entities
  • Establishing themselves as a business enabler rather than a necessary burden

Our solution with risk2value

  • Making IT easy to guide users in managing OpRisk, throughout all organizational levels
  • Enable effective collaboration of process participants in a structured, workflow-driven approach
  • Identify and classify risks and losses in a standardized approach to enforce consistent quality in the process
  • Boost overall efficiency by integrating different parties in the financial institution, e.g. allowing all employees to record loss events

Unsere Kunden im risk2value Bereich

Diese Unternehmen vertrauen auf unsere Expertise.

Romana Hanig avedos Mitarbeiter

Simply contact us for more information.

We are glad to be here for you!

Romana Hanig

SALES & ACCOUNT MANAGER