Driven by a business process and risk approach, MEGA helps risk managers clearly identify and evaluate their main risks and manage them in order to protect the company and improve performance.
Operational Risk Management Challenges
More than ever, risk managers have to capture complex interdependencies among multitude risk factors in order to manage operational risk across the enterprise and its environment. Important issues must be addressed:
- How to identify and manage risks consistently in order to improve business performance and achieve strategic objectives.
- How to ensure that the appropriate data and measuring techniques are being used to efficiently manage operational risks.
- How to respond to the market pressures in terms of the operational risk discipline, in alignment with the company strategy.
The MEGA Operational Risk Management Solution
The MEGA Operational Risk Management Solution ensures an enterprise-wide approach to managing operational risk. The solution helps risk managers put in place the right methodology to identify and assess risk while integrating risk data and performance indicators. Risk managers can also define risk policy, manage controls efficiently, and create alerts for early warnings and loss events. The solution provides capital at risk calculation with statistical and scenario analysis. It enables the assessment and integration of qualitative and quantitative metrics. It also provides the necessary reporting for the board of directors and auditors, as well as regulations institutions.
MEGA proposes solutions for the Basel II and Solvency II frameworks.
The MEGA operational risk management solution is composed of easy-to-use and flexible risk management software tools, based on a common platform.
The solution is reinforced by 18 years of process expertise from MEGA’s international team of consultants. MEGA consultants help risk managers implement a consistent risk methodology that is adaptable to the specific needs of the organization.
More about our business consulting expertise
| Related Software Tools | |
|---|---|
| Risk Identification and Assessment | Control Assessment and Testing |
| Risk Measurement | Policy and Procedure Management |
| Loss, Event and Incident Management | Action Plan Management |
