OpsRisk Advisory
OPERA AssessmentOur OPERA Assessment services provide organizations with comprehensive evaluations against all regulatory standards, coupled with in-depth maturity level analysis, action planning, and improvement roadmap development. Leveraging our expertise in operational risk consulting, we conduct thorough assessments to ensure compliance with regulatory requirements and industry best practices.
Firstly, we conduct a comprehensive review of your organization’s operational risk management framework, processes, and controls. This includes assessing adherence to regulatory standards such as DORA, ISO 31000, ISO 22301, cybersecurity standards such as ISO 27001, COBIT, NIST and others including Third Party Risk Assessments relevant to your industry. Our assessments are tailored to your specific regulatory landscape, ensuring that all compliance requirements are met.
Next, we perform a maturity level analysis to gauge the effectiveness and maturity of your operational risk management practices. This involves evaluating the organization’s capabilities across various dimensions, including governance, risk identification, assessment, mitigation, monitoring, and reporting. By benchmarking against industry standards and leading practices, we identify areas of strength and opportunities for improvement.
Based on the assessment findings, we collaborate with your team to develop a tailored action plan and improvement roadmap. This roadmap outlines specific initiatives, timelines, and responsibilities for enhancing your operational risk management framework. Whether it’s enhancing policies and procedures, strengthening controls, implementing new technologies, or enhancing employee training, our roadmap provides a clear path forward.
Throughout the process, we emphasize collaboration and knowledge transfer, ensuring that your team is equipped with the necessary skills and resources to drive sustainable improvements in operational risk management. Our goal is not only to achieve compliance but also to enhance operational resilience, mitigate risks, and optimize business performance in the face of evolving threats and challenges.
By conducting assessments against regulatory standards, performing maturity level analysis, and developing actionable improvement roadmaps, we help you strengthen your risk management framework and achieve long-term success.
In summary, our OPERA Assessment services offer a comprehensive approach to evaluating and enhancing your organization’s operational risk management practices.
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.