With our goal to support every Banko Sentral ng Pilipinas ( BSP)-supervised Financial Institution (BFSI) , we offer Operational Risk Management (ORM) Enhancer. The system is composed of 7 modules:
(1) Risk Escalation
We believe that it is of greater value if the risks are reported before they become a loss. This module will facilitate escalation enterprise-wide and bottoms-up & top-down governance of risk. Risk Escalation module will help create a culture of risk awareness and transparency within the organization.
(2) Risk Control Self-Assessment (RCSA)
Contrary to common and wide-perception, controls should not slowdown, but rather must hasten the process. This is only possible if the controls are not redundant and commensurate to the risks. With Risk and Control Self-Assessment Module, appropriate controls on all assessed risks can be performed with great ease factoring the perspective of all stakeholder in each process. The organization need not wait for the new regulations deadlines to determine what should be done. The module will help facilitate enterprise-wide compliance to regulations.
(3) Key Risk Indicator (KRI)
A bank is safe in just accepting deposits, but that is not what a bank is for. It must take the risks in lending and offering new products as financial intermediary. In taking risks, appropriate risk indicators must be on hand. Our Key Risk Indicator Module will facilitates formulation, monitoring and triggering appropriate actions from business unit. We believe that KRI helps define risk appetite or target quality levels. It is not a limit, rather it’s the level in which higher level of management should be informed.
(4) Process Mapping “The whole of risk management process is greater than the sum of its parts”
(5) ORM Quant “You cannot manage well, what you cannot measure”
(6) Consumer Protection (EOY2017)“Protecting customers is protecting your business’ long term goals”
(7) Risk I-pod and other tools.
