Operational risk management successes will be highlighted at conference
SINGAPORE, June 14, 2011 – MEGA, leading authority on operational risk management (ORM), will discuss best practices in risk management at OpRisk Asia in Singapore, June 28-29.
In the governance, risk, and compliance (GRC) industry, MEGA is the only company with 20 years of expertise in business process improvement, a necessary foundation for efficient and effective GRC programs.
At this conference for chief risk officers, heads of operational risk, Basel II project managers, and others involved in risk management, MEGA will demonstrate how the MEGA Suite, a comprehensive GRC solution, helps protect companies against unexpected hazards and risks.
The MEGA Suite provides risk managers with comprehensive information on the company’s risk profile and helps them select the risk methodology suited to their needs. It integrates information on incidents, internal and external losses, and key risk and performance indicators (KRI and KPI), so that managers can make well-informed decisions on risk issues.
MEGA was named a visionary in the October, 2010 Gartner Magic Quadrant for Enterprise Governance, Risk and Compliance Platforms. The company was also cited by Chartis Research a leading vendor in completeness of offering and market share potential in the enterprise operational risk and GRC solution provider category in their report, Operational Risk & GRC Software Solutions 2010. In addition, MEGA was named in the most recent report on enterprise GRC from Forrester: The Forrester Wave: Enterprise Governance, Risk, And Compliance Platforms, Q3 2009.
MEGA’s risk experts advise adoption of software solutions with specific capabilities. Important features include support for the Advanced Measurement Approach (AMA) for operational risks, the loss distribution approach (LDA) with probability distribution functions and Monte Carlo simulations for VaR/eCap calculations. Complex operational risk modeling and scenario calculation with Bayesian networks are also available from the MEGA Suite, which generates reports for board members, auditors, and regulators.