OpenPages Operational Risk Management
Automates the process of identifying, measuring, monitoring, analyzing, and managing operational risk. OpenPages Operational Risk Management enables businesses to integrate all risk data — risk and control assessments, internal and external loss events, key risk indicators, and issue/action plan management — within a single environment.
What does the product module do?
Risk and control self-assessments (RCSA)
A central source for all risk documentation including entities, processes, risks, controls, tests, and test results. Full document management provides check-in/check-out, version control, and audit trail capabilities.
Loss event management
Track loss incidents and near misses, record amounts, and determine root causes and ownership. Statistical and trend analysis capabilities enable users to track remedies and action plans.
Identify key scenarios that require additional risk treatment and assess their impact on the business. Provides input for capital modeling and enables business lines to assess high impact risk areas and emerging risks.
How it works
Other product modules
Automate your GRC processes with ease
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Drive efficient end-to-end regulatory compliance management.
IBM OpenPages Model Risk Governance
Demonstrate strong model governance, reporting and compliance.
IBM OpenPages IT Governance
Obtain a holistic view of IT risks and map them to business processes.
IBM OpenPages Internal Audit Management
Automate and manage internal audits and conduct broader risk and compliance management activities.
IBM OpenPages Business Continuity Management
Prepare your enterprise for business continuity and protect employees in the face of disruptive events.
IBM OpenPages Third Party Risk Management
Mitigate risks and improve business results with each of your vendors.
IBM OpenPages Policy Management
Keep your policies and procedures up to date with your internal and external obligations.
IBM OpenPages Financial Controls Management
Reduce costs and complexity of complying with Sarbanes-Oxley and similar financial reporting regulations.