Asseco co-banks Operational Risk Management
Asseco cORM is a program designed to collect data on operational risk events and related losses. It includes a function for importing information from any source. It enables risk mapping by defining processes occurring within the bank and linking them to a given risk category. The application has mechanisms for defining reports, analysis and preparing statements. The system allows to calculate and forecast the size of the capital requirement for operational risk using the base indicator approach and the standard approach.
Functionalities of Asseco co-banks Operational Risk Management
Own events file / external event file
Collection of data on operational events occurring within the bank and its environment.
Identification of events on the border of operational risk and other types of risk.
Ability to determine the source of the event and the severity of the loss.
Linking events (losses) having the same source.
Statements
and reports
Operational risk maps based on the bank's processes.
Risk maps based on frequency and severity of losses.
Risk Assessment Worksheets.
Statements.
Report Generator.
Analysis of events, processes, KRI audits
Quantitative and value analysis of information on events and processes.
Business benefits
Development of mechanisms for measuring operational risk in the bank.
Providing relevant authorities with information for risk profile identification and assessment.
Supplying data for evaluating the effectiveness of the implemented operational risk management system.
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