How TIBCO Nimbus Helps Deliver Sustainable
Operational Risk Management and Compliance
Sustainable Operational Risk
Management and Compliance
UNDERSTAND AND GOVERN YOUR BUSINESS
PROCESSES
Until now, process ma...
Benefits Delivered Across the Organization
For the CEO & CFO
•	 A common operational business model – deployed and live ac...
For End Users
•	 Faster control certification, easier, and faster data entry.
•	 Less time and effort spent “re-learning” ...
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Solution brief-tibco-nimbus-risk-management-and-compliance 2013

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Solution brief-tibco-nimbus-risk-management-and-compliance 2013

  1. 1. How TIBCO Nimbus Helps Deliver Sustainable Operational Risk Management and Compliance
  2. 2. Sustainable Operational Risk Management and Compliance UNDERSTAND AND GOVERN YOUR BUSINESS PROCESSES Until now, process mapping activities dedicated to Operational Risk (OpRisk) have provided little long-term return on investment. This is because content isn’t properly maintained and governed after its initial use. Once the content is used for a study, it’s forgotten about. The “design, operate, monitor, improve” approach of TIBCO Nimbus® is different because it places governed business processes at the heart of an approach to sustainable, cost effective OpRisk and compliance. The Regulatory Squeeze Worldwide, regulators are showing increasing interest in financial organizations, particularly in regards to OpRisk and the associated processes and controls. The implications are clear. Companies need to embed OpRisk control, measurement, and incident reporting as part of day-to-day operations. However, determining which business controls are relevant relies upon a clear view of the operating model. Design, Operate, Monitor, and Improve A derivative of the “Plan, Do, Check, Act” (PDCA) continuous improvement cycle, this methodology is pragmatic, quick to implement, and cost effective. It ensures that OpRisk control is deployed as part of day-to-day operations. Nimbus provides the key capabilities that support this methodology: Design: Design processes and controls in unison. Link process activities to risk, business controls, and applicable compliance requirements. Establish control certification and reporting regimes. Define system requirements. Operate: Deploy the resulting operating model to staff and ensure adoption. Streamline certification of controls by required employees. Monitor: Unify control monitoring and metrics. Lower the cost and effort involved for operational staff and line managers, as well as OpRisk and compliance specialists. Improve: Use performance metrics and collaboration capabilities needed to drive operational improvement. Govern the required changes to the operating model. Initiate process and control improvements. By placing a governed repository of the “live” business processes at the heart of the OpRisk approach, it becomes easy to keep it up to date and significantly improve its efficiency and sustainability, and to roll out improvements through iterative, governed changes. Nimbus makes operational processes, controls, and related performance metrics visible together in context, providing a better understanding of what should be done, what was actually done, how well it was done, who else it affected, and the impact on the business. 2
  3. 3. Benefits Delivered Across the Organization For the CEO & CFO • A common operational business model – deployed and live across the business. Drive adoption of strategic initiatives. • Confidence that OpRisk and compliance is at the heart of the business and effectively managed. • Reduced risk of damage to reputation. • Reduced cost for operational risk management and compliance. For the COO • Complete visibility from top level strategy to operational processes with accountability at all levels for operational control certification. • Efficiency savings across operational departments. • Clarity of how OpRisk requirements are deployed and cascaded throughout. • Change can be rolled out with the confidence that all stakeholders are aligned and informed. • Improved ability to sustain OpRisk and compliance yet maintain operational agility. For Risk and Compliance Officers • Reports and alerts to help you focus attention where it is needed more quickly. • A common operational platform facilitates collaboration between OpRisk, compliance, and change management specialists. • A contextual view of process, risks, controls, and metrics that highlights which processes and controls are under duress and who is involved. • Manage change to regulatory frameworks, with affected processes, roles, risks, and business controls clearly visible. • A process-centric view shows roles and competencies required against the controls and compliance framework. For Operational Managers • Roll-up reporting is automated, saving significant time previously wasted chasing people. • Faster, less invasive approach to control certification. • Minimized costs and disruption of change. SuStainable OperatiOnal riSk ManageMent and COMplianCe 3
  4. 4. For End Users • Faster control certification, easier, and faster data entry. • Less time and effort spent “re-learning” what to do when there’s a periodic report or audit. • Easily understand changes in terms of their role, processes, controls, and compliance obligations. To learn more about TIBCO Nimbus: Email us – nimbus-info@tibco.com Visit us – www.tibco.com/nimbus SuStainable OperatiOnal riSk ManageMent and COMplianCe tibCO Software inc. (NASDAQ: TIBX) is a provider of infrastructure software for companies to use on-premise or as part of cloud computing environments. Whether it’s optimizing claims, processing trades, cross-selling products based on real-time customer behavior, or averting a crisis before it happens, TIBCO provides companies the two-second advantage® – the ability to capture the right information at the right time and act on it preemptively for a competitive advantage. More than 4,000 customers worldwide rely on TIBCO to manage information, decisions, processes and applications in real time. Learn more at www.tibco.com © 2012, TIBCO Software Inc. All rights reserved. TIBCO, the TIBCO logo, TIBCO Software, and TIBCO Nimbus are trademarks or registered trademarks of TIBCO Software Inc. in the United States and/or other countries. All other product and company names and marks in this document are the property of their respective owners and mentioned for identification purposes only. Tel: +1 650-846-1000 +1 800-420-8450 Fax: +1 650-846-1005 Global Headquarters 3307 Hillview Avenue Palo Alto, CA 94304 www.tibco.com 4

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