Staying in control of a fast-paced environment that is continuously shaped by regulatory changes, compliance requirements and social expectations can be very demanding.
Failing to effectively oversee business operations, processes or your data can lead to sub-optimal data quality and reporting capabilities, whilst also negatively impacting the general public perception about your enterprise resulting in a negative financial impact.
Within this context getting in control is the first step. Staying in control will require the reliance on sound business processes and future proof target operating frameworks.
A sound understanding of the way in which financial institutions operate gives us the advantage of knowing how to orchestrate the strategic change required to optimise the operational risk management environment.
Specific operational risk services include:
- Operational Risk Capability Assessment (ORCA)
- Monitoring and Reporting Augmentation (MRA)