Highlights

Supports the entire Operational Risk Management framework from Risk and Control identification and assessment to action planning, aggregation & reporting

Supports flexible process flow modeling, entity definition and flexible mapping, including multi entity functionality

Supports the structured analysis of operational risk information in relation to process flows, organizational units and locations

Enables financial institutions to comply with all the Basel II requirements including economic capital calculations

Integrated with Reveleus Basel II Solution to provide the industry's only unified Enterprise Risk & Compliance Management platform

Reveleus Operational Risk enables the creation of a comprehensive framework to manage enterprise governance, risk and compliance across the organization. The solution is built on Reveleus' Enterprise Risk & Compliance Management platform, the industry's only integrated business infrastructure designed to serve both Enterprise Risk and Compliance requirements.

Maintain Your Competitive Edge Through Efficient & Effective Operational Risk Management

To manage their operational risk in a homogeneous manner, financial institutions must first be able to flexibly map risks, controls, loss events, risk indicators and action plans against relevant organizational dimensions of the institution. Using a dynamic data repository to define the entities, locations, standard business lines, products and processes that make up the organization, Reveleus Operational Risk creates the required process map against which assessments are conducted, losses and KRIs are recorded, and historical data maintained. The ability to model and monitor their own processes within the solution helps organizations to improve upon the relevant controls.

Enable Continuous Compliance & Risk Monitoring

In defining indicators, Reveleus Operational Risk enables the organization to set and establish thresholds and notification/escalation and reporting paths. The solution also includes a consolidated action tracking platform that enables management to assess and decide on appropriate action to mitigate, transfer, avoid or accept the operational risk exposure identified. Subsequently the risk indicator module gives early warning of potential risks and performance trends, providing managers with an opportunity to pre-emptively manage potential issues and cross modular reporting enables the validation and refinement of KRI bounds and the effectiveness of risk mitigation actions.

Comply With All Basel II Approaches

Reveleus Operational Risk provides the ability to conduct RCSA, collect losses, track KRIs and compute economic capital, thus providing all the elements required for addressing Basel II compliance. Furthermore the solution calculates operational risk economic capital along both the Scenario-Based AMA and the Loss Distribution approach. Subsequently, Reveleus Operational Risk factors in Qualitative data (established as part of the scenario based self-assessment process) and Quantitative data (from the Risk Loss database relating to actual Operational Risk loss events experienced internally and from external loss databases).

Vendor Site:- Reveleus