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Operational risk solutions from IBM
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| Pre-empting risk, protecting your business
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Escalating risk exposure. Increasing reliance on computer systems. Capital allocations tied to operational risk. Reputation risk. For these and other reasons, financial institutions need to actively quantify and manage operational risk. Sense and respond to internal or external events. Protect your credit rating. Maintain continuous business operations. Operational risk solutions from IBM can help you achieve these goals with a proactive and predictive approach to managing operational risk.
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| Innovative thinking, rapid execution
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Based on our knowledge of the business processes of financial institutions, heritage in technology, and the experience of thousands of successful installations and engagements across many industries, IBM is uniquely qualified to help you develop quantitative and qualitative risk management metrics. Our extensive banking, financial markets and insurance background, combined with more than 40 years of helping our clients succeed, enable us to help you meet your operational risk and resilience objectives. We offer: -
Proven client successes in operational risk reduction and management, including enabling clients to meet compliance obligations under Basel II, Sarbanes-Oxley, Patriot Act, FACTA and other regulations.
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More than 7,000 consultants in 160 countries dedicated to the financial services industry.
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Established relationships with leading providers of operational risk management solutions.
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| Define your operational risk and resilience strategy
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The financial services market is saturated with reactive compliance tools, many of which have a historic loss and audit perspective. IBM helps you develop proactive, holistic business and technology strategies to measure and control operational risk efficiently and within desired tolerances.
Our operational risk and resilience solutions are designed to transform, optimize and adapt your approach to risk management. Define, shape and manage an effective operational risk management program. We can help you: -
Quantify and prioritize your operational risks.
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Meet your regulatory compliance obligations.
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Develop an effective governance strategy that demonstrates compliance to shareholders, regulators and credit ratings agencies.
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Develop a risk mitigation strategy.
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Better manage risk across business units.
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Facilitate effective enterprise-wide span of control, with role-based access.
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Monitor business processes and the underlying IT infrastructure.
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Apply active correlation and policy-based rules, engines and autonomics.
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Acquire rich data for effective decision support.
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Design effective business continuity processes and procedures to enable consistent—and dependable—availability.
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Implement a more resilient architecture.
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| How it can work for you
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A leading U.S. financial institution faced the dual challenges of improving operational risk management and meeting the deadlines for Sarbanes-Oxley and Basel II compliance. They turned to IBM for a solution. Working with one of our IBM Business Partners, a solution was implemented that provides enterprise risk management for governance, control, compliance and business process management. The solution addresses key risk and compliance challenges, including constantly changing organization structures, systems, data sources and document versions.
By connecting the bank's internal systems with their 85,000+ employees the solution improves operational efficiency between business, finance and IT functions. The solution also enables them to evaluate risk across business units for effective regulatory and economic capital management.
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| The case for investment
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The operational risk and resilience solution from IBM can help banks and other financial institutions: -
Focus your initial investment where it can have the most impact by quantifying your risks—based on business value—and prioritizing them accordingly.
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Lower compliance and operational costs by streamlining business processes to simplify regulatory reporting, reduce duplicative processes and identify potential losses.
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Minimize fraud and privacy threats by identifying control weaknesses and information security vulnerabilities.
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Save time by identifying and removing chronic lags in operational efficiency.
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Improve your reputation by providing more transparency to regulators, credit rating agencies and customers.
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Questions about this solution? Contact an IBM financial services specialist.
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