Designing a Basel II compliant
operational risk system
The client
A leading global
financial services firm with operations in more
than 50 countries.
The business challenge
To develop a Corporate Operational Risk System
(CORS) in accordance with both the requirements
of the Basel II Accord as well as the firm’s
ambitious risk management objectives.
The solution
An enterprise-wide, intranet-based solution that
provides a long-term risk management platform
for measuring, managing, and mitigating Operational
Risk and in addition ensures full compliance with
regulatory requirements.
Measurable business
benefits
Risks can be
assessed and reported on a timely basis across
the enterprise
Well calibrated capital
allocation methodology that is equitable,
dynamic and also in favor of good risk management
behavior
Ensured compliance with
the Basel II Accord, Sarbanes-Oxley and other
regulatory requirements
A dashboard that provides
answers and directions to a comprehensive
set of operational risk concerns of top management
Ability to rank the bank's
various lines of business based on several
defined risk parameters
