OpsRisk Advisory
OPERA-as-a-serviceOur OPERA as a Service offering represents a comprehensive approach to operational risk management, providing organizations with dedicated expertise and support throughout the entire risk management lifecycle. With our skin in the game engagement model, we become an integral part of your team, working closely with you to build a robust operational risk management framework that aligns with your strategic objectives and regulatory requirements.
Our approach begins with team building, where we collaborate with your organization to assemble a cross-functional team of experts to drive operational risk management initiatives. This team is responsible for conducting risk assessments, identifying key risks, and developing mitigation strategies to address them.
Next, we work with your organization to define a governance model that outlines the roles, responsibilities, and reporting lines for operational risk management. This includes establishing risk committees, defining escalation procedures, and implementing mechanisms for oversight and accountability.
We also provide program management support to ensure the successful implementation of operational risk management initiatives. This involves developing project plans, tracking progress against milestones, and managing resources to ensure that initiatives are delivered on time and within budget.
In addition, we offer organizational management support to help your organization build a culture of risk awareness and accountability. This includes developing training programs, conducting awareness campaigns, and providing ongoing support and guidance to employees at all levels of the organization.
Furthermore, we assist your organization in preparing board reports that provide senior management and the board of directors with timely and relevant information on operational risk management activities, key risk exposures, and emerging threats.
Finally, we ensure effective regulatory compliance by staying abreast of relevant regulations and helping your organization develop and implement processes and procedures to ensure compliance with applicable requirements.
In summary, our OPERA as a Service offering provides organizations with end-to-end support for operational risk management, encompassing team building, risk assessments, governance model definition, program management, organizational management, board reporting, and regulatory compliance. With our skin in the game engagement model, we become a trusted partner in your operational risk management journey, helping you build resilience, mitigate risks, and achieve sustainable business success.
We assist organizations and risk managers by conducting regulation and standards-based risk assessments and providing analytical and actionable reports that are based on your risk appetite.