Ambit BancWare Operational Risk
Risk management today is moving towards the front line of businesses. Bank managers must ensure their operations comply with company policy and meet regulatory and legal standards. Operational efficiency must be increased while operations-related errors and omissions must be reduced. Ambit BancWare Operational Risk helps banks comply with operational risk and corporate governance regulations and recommended standards such as Basel II (all approaches), Sarbanes Oxley, FSA guideline and Turnbull.
Click here for more information on Ambit BancWare Operational Risk
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
Brochures & Datasheets