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BPS OpRisk is available on its own, or in conjunction other BPS applications. When used in conjunction with BPS Compliance and BPS Audit™, BPS OpRisk becomes an even more powerful tool. Finally, your organization can benefit from a complete understanding of its risk exposure and control environment.

 
With industry-leading workflow and reporting capabilities, BPS OpRisk gives organizations the tools they need to detect problems early, to reduce exposure to future risk, and to monitor exposure to—and loss from—operational errors.

BPS OpRisk Operational Risk ManagementSome of the challenges faced by risk managers today are due to lack of data, and the difficulty in quantifying what data there is. BPS OpRisk makes it possible to gather and combine loss data from within the organization, external loss data, and supplemental RCSA data. Information can then be analyzed to create meaningful output for identifying capital allocation needs and quantifying operating risk. Once KRI data and triggers are integrated, the result is an overall improvement in understanding, anticipating, and measuring operating risk.

Key Benefits
  • Reduced operational losses
  • The ability to meet Basel II regulatory requirements
  • Obtain key data points for capital allocation analysis
  • Increased understanding of operating risk throughout the organization
  • Aligning with compliance strategy for better overall risk management
  • Increased protection against reputational and other forms of damage
Feature Highlights
  • Provide a common platform for company-wide Risk Control Self Assessment Activity
    • Download the BPS OpRisk Case Study
  • Loss event repository with customizable data entry forms
  • Loss event investigation tools, including repeatable process templates, approvals, issue and remediation plan tracking, document management, task scheduling, and incident routing
  • Robust RCSA platform, including templates and workflows
  • KRI repository with customizable data entry forms and support for triggers that can be integrated with existing applications
  • Reporting layer across all data for appropriate visibility at all levels of the organization