Operational Risk Management (ORM) Software

Measure Your Program Outcomes

• **67% **improvement in risk visibility through efficient reporting
•  **80% **increase in risk and control framework related operational efficiency
•  **15X **better risk metrics tracking

Streamline Your Operational Risk Management Program to Power Business Performance

MetricStream Operational Risk Management software provides a comprehensive set of capabilities that help you follow robust risk management discipline. Built on the MetricStream Platform, the software enables you to adopt a pervasive approach to operational risk management (ORM) and strengthens collaboration across all business functions—from executives and risk managers to business process owners. A strong and effective ORM tool can help drive risk-intelligent, real-time business decisions to accelerate business performance, and reduce losses.

How Our ORM Software Helps You

Centralized Repository and Risk Framework for Smarter Risk Management

Define business objectives, processes, products, risks, and controls, and map the relationships across these data elements. Document organizational hierarchies, and link risk appetites to strategic business objectives. Record and manage operational risks and associated details such as risk description, category, hierarchy, and ownership in a centralized library and risk framework.

Risk Control Self-Assessment (RCSA) for Accurate Risk Visibility

Plan, schedule, manage and perform risk and control assessments easily with our ORM tool. Evaluate inherent and residual risks both quantitatively and qualitatively. Easily aggregate risk scores using weighted average method where weights can be given to multiple dimensions. Define risk treatment plans to accept, avoid, transfer, or optimize risk.

On-Target Operational Loss Event Management

Capture, analyze, categorize, and remediate internal risk events and losses across multiple impacted organizations in compliance with industry regulations like Basel Accords. You can also aggregate multi-currency risk events in a single currency. Define loss thresholds, consolidate data from external loss data exchanges, analyze trends, conduct causal analysis, and initiate corrective actions.

Dynamic Key Metrics (KPI, KRI, and KCI) Monitoring for ORM Optimization

Measure and closely monitor key indicators for risks (KRIs), controls (KCIs), and performance (KPIs). Set thresholds to identify potential threats and mitigate them in advance. Enable correlative analyses between various key metrics. Send alerts and notifications on any breach to relevant personnel and define multiple follow-up actions.

AI-Powered Issue Management to Reduce Redundancies

Leverage AI/ML to quickly identify issues based on relationships and recommend issue classification. Recommend action plans to modify controls or define new controls as part of the issue remediation process. Monitor the status of the implemented actions at every stage and track them to closure.

Risk Quantification and Analytics to Safeguard Critical Investments

Define multiple operational risk parameters and calculations rules. Enable advanced risk quantification, analytics, and modelling. Quantify risks into monetary value.

Expansive Risk View with Intuitive Graphical Dashboards and Reports

Gain a 360º view of your ORM program through interactive executive dashboards, heat maps, and advanced data visualization of key metrics. Access real-time information through role-based landing pages with graphical dashboards to stay on top of operational risks. Leverage loss data analytics reports and dashboards to understand root causes, total loss exposure, and optimize your ORM program.

Benefits

• Deliver forward-looking risk visibility with predictive risk metrics and indicators
• Reduce losses and avoid adverse risk events through proactive control structures and analytics
• Drive agility and risk-based decision-making by providing a single view of the top risks faced by the organization across the first and second lines of defense
• Build confidence with regulators and executive management by establishing a strong risk data governance and issue reporting framework with clear lines of accountability.