Operational Risk Management
Multicom OpRisk solution is designed to streamline and standardize operational risk management processes across the enterprise. It provides full visibility into processes of defining, collecting, tracking and reporting data on risks, causes, costs, key indicators and acceptable thresholds.
Continuous collection and monitoring of operational risk losses and events, together with immediate and actionable operational risk intelligence, enable management to:
• Define, document, manage, and assesses all risks faced by an organization
• Identify events and prevent risk losses
• Spot recurring issues, and resolve them quickly
• Take corrective actions using action plans and measures
• Uncover critical risk patterns and trends
• Enhance decision-making
• Prevent loss exposures
• Determine capital allocation
across multiple business lines, processes and organizational units.