CORE PLATFORM FOR OPERATIONAL RISK MANAGEMENT
OPSGUARD AUTOMATES AND SIMPLIFIES THE RISK MANAGEMENT CONTINUUM
REDUCE THE COST OF OPERATIONAL RISK MANAGEMENT
WHAT IS
OPSGUARD
OpsGuard comprises of a set of automated and easy to use multilingual tools that help financial institutions conduct operational risk assessments, control assessments,audit, impact assessments and develop and monitor remediation plans. It also provides a valuable set of tools to assist management in developing and implementing formal self assessment and Business Self Testing (BST) programs designed to monitor compliance with applicable laws and regulations. OpsGuard has the functionality to track regulatory agencies and the laws and regulations globally as well as internal policy requirements. This can be done at each business unit, enterprise or legal entity level.
OPSGUARD COMPONENTS
Core Platform for Operational Risk Management
OPSGUARD FEATURES
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Links internal policies & procedures at the process step level
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User controlled information database for reference and training purpose
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Tracks regulatory agencies and their regulations globally
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Standardization at the desired level of the organization
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Simultaneous multilingual functionalities based on user preference
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Simplified sampling and testing
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Role Based Dashboard Reporting and On-demand Reporting
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Online review and approval of test plan, results etc., hence no email file transfers
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Links legal entities as well as corporate hierarchies
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Links issues from multiple sources - internal and external
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Links investors & their guidelines
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Ability to analyze and report the financial / customer impact of test results and the cost of remediating issues
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Links applicable laws & regulations to the operations risk assessment at the process step level
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Installed on cloud or on premises managed by the client
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Implementation in weeks & not in months
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Enables reporting at business unit, enterprise or legal entity level
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Enables customer to make changes to the system attributes without vendor input
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Easy to make organizational/structural changes
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Customized control testing frequency
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Automated scoring of test result based on risk tolerance level of the company
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Access controls based on user roles
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Ability to do customer and financial Impact Assessment of test results
ADVANTAGES
SINGLE PLATFORM FOR CONTROL AND COMPLIANCE
Single platform to manage both internal control policies and regulatory compliance requirements
REDUCES THE COST
Reduces the cost of Operational Risk Management
RISK INFORMATION
Provides online, real time operational risk information for each business or functional unit. Consolidates information at the enterprise level
SIMPLIFIED SAMPLING METHODS AND TESTING
Enables selection of different sampling methods and dynamic risk based testing
ISSUE MANAGEMENT AND REPORTING
Ability to create, track and report issues at the legal entity level or business unit level by linking all issues from multiple sources including external audits and/or regulatory examinations
LOW COST IMPLEMENTATION
Completes implementation in weeks with minimal cost.
REAL TIME DASHBOARD REPORTING
Provides online real time dashboard reporting based on the user profile – from CEO down to the user at the lowest level of the organization
THIRD PARTY RISK ASSESSMENT
Facilitates third party/vendor risk assessment and ongoing compliance review
REDUCTION OF AUDIT SCOPE
Helps reduce the internal audit scope and cost by strengthening first and second level defenses
COMPREHENSIVE VIEW
Provides comprehensive view of operational risks and controls at any level of the organization
REPORTING ISSUES
Reporting issues at the legal entity level oru business unit level
GENERAL INFORMATION DATABASE
Contains database of general information for training /reference. Ability to upload multiple documents for future use
NO MORE WAITING
No more waiting to get the status of issues
INNOVATIVE RISK ASSESSMENT
Enables Risk Assessment at the processes step level, business unit or enterprise level. It also facilitates portfolio or project risk assessment
AFFILIATES
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OPSGUARD PRODUCTS :
