- Home
Solutions- Operational Risk Management
- Benefits
Benefits
Operational Risk Management brings together loss event content, scenario analysis, capital modeling, control self-assessments and key risk indicators to measure and manage operational risk across the enterprise.
Reduces the cost of compliance
Algo OpVar captures and stores operational risk information in a centralized database that can be used globally by all internal and external users. By providing all parties with access to a single set of data, Algo OpVar significantly improves the quality of and reduces the cost of gathering, analyzing, monitoring, reporting and tracking operational risk and compliance information required under Basel ll and Sabarnes-Oxley.
Optimizes cost of ownership
As an integrated operational risk solution, institutions can select a full implementation or select only the individual products and services immediately required and add more if and when desired.
Improves capital management
By gaining insight into capital needs, institutions can direct funds to finance activities and re-focus management attention on the enhancement of controls that will improve capital allocation and afford the best return on investment (ROI).
Establishes a best practice foundation
To be successful, operational risk managers must develop frameworks that can inform senior management and provide value to the business lines as a way to reduce their reputation risk both inside and outside the institution. Through the use of proven methodologies and a flexible, easily customized solution, Algo OpVar helps organizations increase efficiencies, minimize manual processing and disseminate critical information throughout the enterprise.
Enhances reputation
Algo OpVar provides management with a wide-ranging view of their operational risk to minimize exposures, meet business goals and support the adoption of appropriate policies and programs across all business lines. By supplying institutions with the tools and methodologies to demonstrate compliance, Algorithmics' operational risk management solution helps enhance an institution's reputation among rating agencies, regulators, shareholders and other interested stakeholders.
Related Downloads
The Replication Game
How ING put together a portfolio replication and economic capital calculation system for its global insurance business within two years.
Life & Pensions, April 2007. *Reproduced with permission
Cive Davidson
Operational Risk Management Brochure
Algo OpVar Fact Sheet
Flexible operational risk software includes extensions that can be used to build client-specific operational risk management solutions.
Algo OpVar Standard Edition Fact Sheet
Reduce the speed and cost of implementation with an out-of-the-box solution for operational risk management.
Related Information
Life & Pensions Awards
Tom Wilson of ING brings in central standardized replicating portfolio across 30 plus countries
Featured Case Study
An External Perspective
Prudential adds an external loss database to its framework of managing operational risk.
FIRST Database
FIRST Database Login
Qualitative analysis of external operational risk events worldwide.