Ambit BancWare Operational Risk
Poor understanding of the risks of aggressive mortgage selling, the added layers of complication in the structure and sale of various derivative instruments, the unquestioned valuation methods and risk assessment of these instruments and the inability of investment managers and dealers to analyze the instruments and appraise the assessment methods of credit rating agencies all led to the catastrophic failure of risk management at all levels in banks affected by the global financial crisis.
To avoid future catastrophes, market, credit, operational and strategic risk management disciplines must be integrated. Banks must be able to manage their full-, short- and long- term operational and strategic risks and comply with regulations.
SunGard can help. SunGard’s Ambit BancWare Operational Risk helps banks comply with operational risk and corporate governance regulations and provides operational risk analytics and reporting capabilities that support banks in capturing operational risk issues, controlling internal sign-off and measuring the economic impact of risks.
Features
- Provides targeted reports to easily identify which controls have not been performed and who to contact for follow-up
- Enables enterprise-wide loss event tracking, reporting and action identification
- Includes flexible scorecard reporting that allows combination of loss history with key risk indicator (KRI) and issue metrics to arrive at an expected loss measure
- Includes process heat maps that provide instant visibility into risks that need immediate attention
- Allows setup of Key Risk Indicators
Benefits
- Automate labor-intensive GRC review and assessment processes for operational risk, regulatory compliance, internal audit and corporate governance
- Assign risk management responsibility and accountability across the bank
- Continuously assess risks cost effectively
- Streamline capture and reporting of errors and omissions