Operational Risk Management
Empowering risk managers daily.
Operational Risk Management on Connected Risk® equips your team with the tools needed to benefit from both risk and disruption.
It empowers decision makers and risk professionals alike – giving them confidence when accepting risk by ensuring that the data supporting their decisions is dependable and complete. This new attitude to risk is vital in an era that demands a faster response to new opportunities and potential threats.
The acceleration of innovative technology, more data availability, and changing business models are transforming the ways you do business.
Operational Risk Management, a solution on our Connected Risk® platform, provides an aggregated view of risk, data analytics to assess your risk and controls, and the ability to integrate disparate data sources to house all relevant information – helping achieve a risk mitigation strategy that suits your business objectives.
Connected Risk® provides you with a single source of truth that provides infinite linkage capabilities, and in turn, increases data quality and knowledge sharing.
In the past, risk professionals have had to accept that a solution could only manage a subset of operational risk management (ORM), for example, enterprise risk management (ERM), credit risk management or market risk management.
With Connected Risk® you receive advanced data mapping capabilities that enable multiple risk data streams to be combined with the solution to deliver a holistic view of risk, enabling your teams to:
Empower your operational risk management practices with features designed to expand your Connected Risk® solution
With our solution, risk appetite can be defined and tracked at any point within your data structure. This provides a more dynamic view of risk, while monitoring and accommodating varying sensitivities to risk across functions and processes. Any breach of risk tolerance is reportable, with associated alerting. This, allied to powerful data mapping, allows for the creation of a tailored risk management solution to match the firm’s exact methodology and ethos.
Operational risk management doesn't have to be complicated.
Talk to one of our experts
Fill out the form to the right to be connected to one of our Solutions Experts that can assist you with standing up a proof of concept or even working within your parameters to get a demo started for your group today.
Learn more about our Connected Risk® Operational Risk Management solution and how it can manage the entire GRC lifecycle within your organisation.
Looking to submit an RFP? Click here for a more comprehensive form.
Get the Solution Datasheet
"*" indicates required fields
Learn more about operational risk from Empowered Systems®
The Ultimate Guide to Managing Risk in Large Organizations
Large organizations often face many challenges when it comes to managing risk. In today’s fast-paced business environment, it is imperative that companies have an effective
Achieving Financial Resiliency in 2023: What Regulated Companies Need to Know
The Financial Conduct Authority (FCA) has announced that it will require 20,000 regulated companies to report on their financial resilience as part of its plan
A Closer Look at Credit Suisse’s Risk Management Issues
Credit Suisse has had a turbulent last few years, which began with its guilty plea with the federal government and New York financial regulators for
What Theranos Has Taught Risk Professionals About Investing in Risky Technologies
Theranos was once a seemingly unstoppable force in the world of medical technology, but it has since become an example of how quickly high-risk investments
Expand and integrate your solution with
"Powerful Platform For Compliance With Dynamic Regulatory Environment"
“The product is a powerful platform for regulated firms in the financial industry to comply with the ever-changing regulatory environment. The software helps my organization navigate rules and regulations, internal processes, and regulatory reporting requirements.”
Senior Associate, Finance Organisation with an annual return of $1-3BN USD