Enhanced by more than 20 years of expertise in business process improvement, MEGA's risk management software helps risk managers create sustained value for their company by understanding and implementing solid operational risk management.
The MEGA operational risk management solution
The MEGA ORM Solution helps risk managers gain comprehensive insight into the company’s risk profile and adopt the right risk methodology for risk assessment and control assessment. This is accomplished by integrating information on incidents and internal and external losses, and key risk and performance indicators (KRI and KPI). The solution supports the Advanced Measurement Approach (AMA) for operational risks with sophisticated methods within a user-friendly graphic user interface. It uses the loss distribution approach (LDA) with probability distribution functions and Monte Carlo simulations for VaR/eCap calculations. In addition, complex operational risk modeling and scenario calculation with Bayesian networks are available. It also generates reports for boards of directors, auditors, and regulators.
MEGA offers solutions for the Basel II and Solvency II frameworks.
MEGA’s risk management approach is based on the MEGA Suite software, proven methodologies, and expert consulting services.
The software is based on an easy-to-use and flexible platform which consists of tools built on a common repository.
MEGA consultants provide a prioritized understanding of risks and their impact on business. They help manage the changes linked to an organization’s performance improvement project.
More about our business consulting expertise
|Related Software Tools|
|Risk and control self-assessment||Control assessment and testing|
|Risk measurement||Loss, event and incident management|
|Issue and action plan management||Policy, procedure and regulation management|