PEXIM Solutions

About Tezauri – Operational Risk Solution

Home > Solutions And Services > Business Intelligence Solutions >Tezauri – Operational Risk Solution

:: Tezauri – Operational Risk Solution

Operational risk events tracking
Comprehensive data model
Data analysis and key risk indicators modules
Reports designed for management's decision support
Reports designed for the regulatory reporting
Operational risk management policies and procedures

:: Contact

Bojan Ciric
Product Line Manager
Goce Delceva 44
11070 Belgrade
Serbia
e-mail

Tezauri – Operational Risk Solution^®

Business Challenge is called Operational Risk Management

Recent changes in the regulatory and control environment are focusing on risk
management and owner's and top management's responsibility for the appropriate risk management in banking industry

Operational Risk itself

Operational risk can be defined as the risk of an incident that results in or could
result in the outcome of a business process differing from the expected one. This may be caused by inadequate or failed processes, people, systems or external factors. It includes risk relating to business, IT, fraud, regulations, disaster, reputation, systems and operations.

To casual observer, most operational risk events should be prevented with
proper/robust procedures. But, in order to do that, operational risk events and causes need to be identified in time. In practice, it is not always that simple to identify and control risk areas.

Various tools can help identifying these; The banking industry worldwide seized
upon the benefits of internal loss databases and the subsequent progression of pooling this information from another banks' databases. Modern banking Business is focused on moving the assessment and management of risk from the headquarters to the front line business units.

Tezauri – Operational Risk Solution^®

Pexim's operational risk management solution named Tezauri – Operational Risk Solution^® is specifically targeted to the financial services industry. Tezauri – Operational Risk Solution^® provides enterprise-wide loss event tracking, reporting and action identification, enables to assign risk management responsibility and accountability to business lines, and helps identifying key risk indicators and early warning signals.

Pexim offers Tezauri – Operational Risk Solution^® in our usual package: turn-key solutions with consulting, project management, reliable implementation process (including localization), network planning, infrastructure deployment, end user training and after-sales support.

Benefits from Tezauri – Operational Risk Solution^®

Tezauri – Operational Risk Solution's operational risk tracking, analytics and reporting capabilities will support you in capturing operational risk issues, controlling internal sign-off and measuring the economic impact of risks.

OpRisk management framework Tezauri – Operational Risk Solution^® provides banks with an operational risk management framework that enables functionality, including:

Internal loss event database reporting
Enterprise-wide risk monitoring and control assessment
Regulatory compliance features
Key risk indicator tracking
Issue management and sign-off capabilities

Tezauri – Operational Risk Solution^® provides you with database of relevant data for the operational risk management, designed in compliance with:

Basel II
International best practices
Local regulations

Data model has been designed to collect, structure and provide all relevant data regarding operational risk (events, business lines, causes, loss amounts, recoveries, effects, responsible persons, follow-up infos, etc). Database keeps record on internal events and also allows data exchange with external database(s), due to the appropriated structure and design.

Reporting

Key question is: What is the benefit of an effective risk report for a bank? Our approach: An effective risk report provides relevant data and enables analysis. Also, it provides detailed information for management users to make business decision.

Predefined reports standardized for different users:

Decision makers

Board of Directors
Executive Board
Audit Committee
Decision makers

Regulators

Local Central bank

Risk Managers

Operational Risk Manager
Executive Risk Manager

Reports can be exported to various formats (e.g. Excel) and easily analyzed
individually by the users. All reports are illustrated with graphs.

Tezauri – Operational Risk Solution helps you:

Avoid losses/increase profits
Analyze your potential OpRisk losses
Implement proposed measures for risk avoiding, reducing or mitigating
Avoid suffering actual losses
Introduce new policies, procedures and action plans for OpRisk management
Allocate bank's capital and funds to the business lines and products where
actual and potential losses are better monitored and managed
Avoid penalties from the regulators for not having appropriate reporting system