OpsRisk Advisory
Governance AdvisoryOur OPERA Governance Advisory Services are tailored to assist organizations in designing robust governance structures and processes to effectively manage operational risks. Leveraging our expertise in operational risk consulting, we collaborate with clients to develop governance frameworks that align with industry best practices and regulatory requirements, ensuring accountability, transparency, and effective risk oversight.
One key aspect of our advisory services is designing a governance structure that delineates clear roles, responsibilities, and reporting lines for operational risk management. This includes defining the composition and mandate of the Board of Directors, establishing risk committees or oversight bodies, and outlining the roles of senior management and operational risk function in risk governance.
Furthermore, we assist organizations in defining accountability at various levels of the organization to ensure that individuals and teams are held responsible for managing operational risks effectively. This involves defining clear lines of accountability for risk ownership, escalation, and reporting, as well as establishing mechanisms for monitoring and enforcing accountability.
In addition, we help organizations develop performance measurement processes to assess the effectiveness of their operational risk governance framework. This includes defining key performance indicators (KPIs) and metrics to evaluate the performance of risk management activities, track progress against objectives, and identify areas for improvement.
Through our OPERA Governance Advisory Services, organizations can enhance their ability to manage operational risks effectively, strengthen governance practices, and foster a culture of risk awareness and accountability. By designing governance structures and processes that align with industry best practices and regulatory requirements, we help organizations build resilience, optimize performance, and drive 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.