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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

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OPSGUARD FEATURES

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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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    Ability to do customer and financial Impact Assessment of test results

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    Access controls based on user roles

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    Automated scoring of test result based on risk tolerance level of the company

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    Customized control testing frequency

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    Easy to make organizational/structural changes

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    Enables customer to make changes to the system attributes without vendor input

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    Enables reporting at business unit, enterprise or legal entity level

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    Implementation in weeks & not in months

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    Installed on cloud or on premises managed by the client

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    Links applicable laws & regulations to the operations risk assessment at the process step level

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    Links internal policies & procedures at the process step level

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    Links investors & their guidelines

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    Links issues from multiple sources - internal and external

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    Links legal entities as well as corporate hierarchies

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    Online review and approval of test plan, results etc., hence no email file transfers

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    Role Based Dashboard Reporting and On-demand Reporting

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    Simplified sampling and testing

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    Simultaneous multilingual functionalities based on user preference

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    Standardization at the desired level of the organization

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    Tracks regulatory agencies and their regulations globally

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    User controlled information database for reference and training purpose

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

  • OPSGUARD PRODUCTS :

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QUICK CONTACT

ADDRESS

9270 BAY PLAZA BLVD. SUITE 618
TAMPA, FL 33619

PHONE

813-575-2027

EMAIL

hello@thailasgroup.com