riskOPERON is an integrated IT tool developed by BSB and used for comprehensive support for the operational risk management process (ORM).

The system that combines the functionalities of supervisory and management needs, is dedicated to support the ORM methodology in the institution. The solution is prepared for future development according to the existing model. riskOPERON was created in response to requirements for the banks by the New Capital Accord (NCA) introduced by the CRD Directive and the Resolution of Financial Supervision Authority (presently FSA). It takes into account the M Recommendation of Polish banking supervision and good practices in the sector. The main task of the system is to adjust the standards and processes existing in the organization rather than to adapt the users  to its requirements. Each newly created function is supervised by persons with the merits knowledge that provides with the service role for business, rather than the need to adapt structures to operate the system.

Functionality

• records of operational events and risk identification,
• calculation of the capital requirement for operational risk (BIA, STA, ASA, LDA, SBA methods),
• analysis of the quality of operational risk management (KRI, risk maps),
• reducing the risk - defining of the so-called action plans along with its tracking and reporting,
• self-assessment (self-assessment questionnaires, potential events),
• reporting of operational risk level (supervisory reports - COREP, management reports),
• independent management of operational risk at any level of a hierarchical organizational structure of the entity or group of entities,
• aggregation of data and analysis results within the scope of whole organizational company structure,
• remote and secure access to the system, the possibility of integration with the bank's security system and defining multi-level access rights to modules / groups of functions, functions and system data,
• users e-mail notifications about the tasks to be performed.

Benefits

• compliance with supervisory requirements for the quality of operational risk management, in particular FSA resolutions that implement the Directive CRD decisions,
• compliance with the calculations of capital requirements using advanced methods, including LDA method,
• operational risk management in accordance with good practices, in particular contained in M Recommendation,
• better understanding of business processes in the Company due to the possibility of monitoring the crucial risk metrics, including the size of KRI indices in many cross-analysis,
• comprehensive analysis of operating losses with the use of different varieties of risk maps,
• identification of trouble-spot - in terms of negative effects - areas of business, including by multivariate analysis, freely definable reports,
• more accurate calculation of actual exposure to operating losses due to using advanced methods,
• minimization of costs by virtue of any operating losses.

Technology

• work in a distributed system in WAN using a web browser (support for a large number of users),
• scalability; adapting to the requirements of the bank due to expanded opportunities of system parameterization,
• intuitive interface with the help desk for each object / field in the system.