Managed services, consulting, and support to alleviate risk from your financial institution
Solve your operational risk management challenges with tailored solutions that address core risk and compliance mandates for financial firms. Delivering holistic, agile, and sustainable solutions, we ensure your firm keeps pace with complex business operations and growth.
What is Operational Risk?
Operational risk refers to the risks associated with inadequate or failed internal processes, technology and people as well as certain external events.
Inherent in all banking products, activities, processes, and systems, risk exposures need to be identified, analyzed, and mitigated before they scale into larger issues.
The effective management of operational risk is a fundamental element of your financial firm’s overall health and viability.
Get the right level of support for your financial firm
We deliver value-adding capabilities to the risk management discipline of your organization, that lead to true competitive advantage. Starting with a quick call to assess your current risk profile and determine the best plan forward. Based on your needs, we offer a range of services that are tailored to you.
Managed Services
Customized, holistic managed services to mitigate operational risk
Strategy & Consulting
Start building smart, sustainable processes with strategic consulting and support for your firm
Risk Management Mentoring
Gain the necessary knowledge and tools to understand and combat operational risk within your organization
Keep your business protected with smart, sustainable solutions
Our customized risk management solutions provide transparency while aggregating risk exposures across every aspect of your operations, allowing you to make data-driven decisions and create tangible solutions to increase your business value.
Sound risk management allows your institution to better understand and mitigate its risk profile and encompasses:
- Identifying existing and potential risks to the bank
- Measuring and assessing exposures to those risks
- Monitoring exposures and corresponding capital needs on an ongoing basis
- Taking steps to control or mitigate exposures
- Reporting to senior management and the board of directors on the bank’s risk exposures and capital positions
Risk exposures grow more complex and increase in remediation cost over time.
Operational risk exists at every level of your organization. The type of risks associated with business, operations, and technology include:
- Business interruption
- Regulatory pressures
- Product failure
- IT system failure
- Fraud liability
- Loss of key employees
- Loss of suppliers
- Litigation