Operational risk summarizes the uncertainties and hazards a company faces when it attempts to do its day-to-day business activities within a given field or industry. A type of business risk, it can result from breakdowns in internal procedures, people and systems—as opposed to problems incurred from external forces, such as political or economic events, or inherent to the entire market or market segment, known as systematic risk. In fact, operational risk could also be classified as a variety of unsystematic risk, which is unique to a specific company or industry. Our Operation risk system is a Web-based application that automates the management of governance, risk, and compliance (GRC) data. Specifically, it facilitates the entry, collection, transfer, storage, tracking, and reporting of operational losses, gains, recoveries, and key risk indicators (KRIs) that are drawn from multiple locations across an organization.

OUR OFFERINGS ARE AS MENTIONED BELOW

1. Incident Life Cycle Management
2. Identification of Risk and controls
3. Conduct Risk and Control self-assessment
4. Setup Key Risk Indicators
5. Controls Testing
6. Regulatory compliance measurements
7. Basel II - Capital Charge and Risk weighted assets computation