Process Based Risk Management

Loading...

Flash Player 9 (or above) is needed to view presentations.
We have detected that you do not have it on your computer. To install it, go here.

0 comments

Post a comment

    Post a comment
    Embed Video
    Edit your comment Cancel

    7 Favorites

    Process Based Risk Management - Presentation Transcript

    1. Process- Process-based Risk Management Beyond Compliance
    2. Why is it so important?
    3. Operational Risk Management People Environment Process Technology 2009.05.11. Péter Fehér - Corvinno Technology Transfer Center 3
    4. Loss event categories Loss Business Disruption & Internal Fraud System Failures Clients, products and business practices Process Risk External Fraud Damage to Physical Assets Execution, Delivery & Employment Process practices and Management workplace safety 2009.05.11. Péter Fehér - Corvinno Technology Transfer Center 4
    5. Risks in processes • Payment, settlement, reconciliation, modeling, pricing, capacity… • Dealing with vendors and suppliers, including oursourcing • Documentation requirements • Internal and external compliance issues • Customer management 2009.05.11. Péter Fehér - Corvinno Technology Transfer Center 5
    6. Current ORM Challenges • Focusing more on compliance and less on risk management • Risk management – Low visibility, hidden risks – High complexity – Interdependency – High impact 2009.05.11. Péter Fehér - Corvinno Technology Transfer Center 6
    7. Process classification • Operational risk should be examined in all level Management Strategy, Controlling, SHRM Business Value adding activities Lines Support, IT, HR, Legal, Finance… back office 2009.05.11. Péter Fehér - Corvinno Technology Transfer Center 7
    8. Process problems • Do not exist • If exist, were not documented • If exist, documented, are not followed • If exist, documented and followed, are not measured and controlled 2009.05.11. Péter Fehér - Corvinno Technology Transfer Center 8
    9. Process-based Risk Management Approach
    10. Integrating risk and process management Process-based risk management Process Risk Risk-based process management 2009.05.11. Péter Fehér - Corvinno Technology Transfer Center 10
    11. Process and risk • Integrates tasks and resources – Human – Technical solutions – Information (documents, databases) • Records cross-unit processes • Manages responsibilities Helps to identify hidden risks! 2009.05.11. Péter Fehér - Corvinno Technology Transfer Center 11
    12. Process and risk • Loss related to a specific process or activity – Process based risk management • Inadeqate performance of a process or a service – Outage of business services – Outage of IT services – Incident management – Business continuity management •( and ) 2009.05.11. Péter Fehér - Corvinno Technology Transfer Center 12
    13. Üzleti kategóriák t en Veszteség m g er nt an kin se erv tle nd ce s kategóriák e As y s set C ban ale e Re ma es n em n ag ba in fina m ing ic s d ta na g ym ial k ok Tr rate Pa e rc R ga Ag nt br e c o l il t ai en rp om ad et Co Internal Fraud External Fraud Execution, Delivery & Process Management Employment practices and workplace safety Osztályok Damage to Physical Assets Clients, products and business practices Business Disruption & System Failures Emberek Folyamatok Technológia Külső tényezők Key Risk Indicator 1 Risk 1 Key Risk Indicator 2 Risk 2 Key Risk Indicator 3 Risk 3
    14. Process-based risk management Identifying and • Who, what, when, how modelling processes • Resources Risk identification • What could prevent us to perform this task? and assessment • What requires for achieving quality results? Control planning • Can’t eliminate every risk and deployment • Embedded controls Process • As a tool for risk management development • As a tool for organisational efficiency 2009.05.11. Péter Fehér - Corvinno Technology Transfer Center 14
    15. Process modelling Process map Process model Organisational model Documents IT Systems Products Risks and Controls 2009.05.11. Péter Fehér - Corvinno Technology Transfer Center 15
    16. Risk analysis • Related to – Activity – Resources • Human • IT • Information Process Models created by the ADONIS system. • Where and Why? 2009.05.11. Péter Fehér - Corvinno Technology Transfer Center 16
    17. Risk assessment • Experts – Previous experiences – Existing knowledge • Collected historical data • Quantifying expected loss • Indicators (KPI, KRI) • Modelling risk 2009.05.11. Péter Fehér - Corvinno Technology Transfer Center 17
    18. Risk overview • Summarising risks • Analysing interdependencies • Scenario analysis: – Exceptional events – Simulations based on process model – Capacities, trends, path analysis 2009.05.11. Péter Fehér - Corvinno Technology Transfer Center 18
    19. Controls • Activity or process • Ideal control: preventive and automatic • Human accountability and responsibility • Workflow Process Models created by the ADONIS system. 2009.05.11. Péter Fehér - Corvinno Technology Transfer Center 19
    20. Process development • Tool for risk management • Developing general controls • Combining with process management requirements – Time – Quality – Resources • Achievable objectives – Where are we now (AS-IS)? – Where do we want to go (TO-BE)? • Output can be a policy 2009.05.11. Péter Fehér - Corvinno Technology Transfer Center 20
    21. Challenges • Developing the process-based approach requires a systematic approach • Conscious business process management is a requirement • Continuous maintenance is required • Cooperation of front-office and back-office 2009.05.11. Péter Fehér - Corvinno Technology Transfer Center 21
    22. Summary • Why use the process-based approach? – Measurement of losses is not risk management – Helps to identify hidden and soft risks – Helps to analyse risks is details – Controls processes and risks – Can involve every stakeholder in the development – Provides the possibility of conscious risk management 2009.05.11. Péter Fehér - Corvinno Technology Transfer Center 22
    23. Thank You! Péter Fehér Corvinno Technology Transfer Center H-1093 Budapest, Közraktár utca 12/a. Tel/Fax: 06 1 210 80 62 http://www.corvinno.com

    + Péter FehérPéter Fehér, 6 months ago

    custom

    1837 views, 7 favs, 7 embeds more stats

    Process-based Risk Management presentation on the B more

    More info about this document

    © All Rights Reserved

    Go to text version

    • Total Views 1837
      • 1680 on SlideShare
      • 157 from embeds
    • Comments 0
    • Favorites 7
    • Downloads 42
    Most viewed embeds
    • 81 views on http://tudman.wordpress.com
    • 37 views on http://www.corvinno.com
    • 17 views on http://blog.actionbase.com
    • 9 views on http://corvinno.hu
    • 7 views on http://krpm.wordpress.com

    more

    All embeds
    • 81 views on http://tudman.wordpress.com
    • 37 views on http://www.corvinno.com
    • 17 views on http://blog.actionbase.com
    • 9 views on http://corvinno.hu
    • 7 views on http://krpm.wordpress.com
    • 4 views on http://www.corvinno.hu
    • 2 views on http://corvinno.com

    less

    Flagged as inappropriate Flag as inappropriate
    Flag as inappropriate

    Select your reason for flagging this presentation as inappropriate. If needed, use the feedback form to let us know more details.

    Cancel
    File a copyright complaint
    Having problems? Go to our helpdesk?

    Categories