Effectively managing operational risk
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Presentation från GRC 2015 den 20 maj. Kontakta gärna talaren om du har några frågor. Hela schemat för eventet hittar du här: http://www.transcendentgroup.com/sv/har-har-du-hela-schemat-for-grc-2015/
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Effectively managing operational risk
- 1. NASDAQ – GOVERNANCE, RISK MANAGEMENT, COMPLIANCE
- 2. CONTENTS Masdaq GRC Strategy2 Brief Introduction Managing Risk Framework • Conduct Risk How can technology help manage (Conduct) Risk Lessons Learned in Implementations Conclusion
- 3. WHO WE ARE IGNITE YOUR AMBITION3 Nasdaq –BWise is a global leader in Enterprise Governance, Risk Management and Compliance (GRC) software. NASDAQ TICKER SYMBOL: NDAQ MEMBER OF S&P 500 OUR MISSION > To provide end-to-end solutions supporting an organization’s ability to understand, track, measure, and manage key organizational risks OUR VISION > To help companies to truly be in control by balancing performance with their financial and reputational risks, improving corporate accountability and operating efficiencies
- 4. NASDAQ-BWISE AT A GLANCE 4 The journey to success NASDAQlists 3400 COMPANIES $6TRILLION MARKETCAP 10,000 NASDAQ customers Gartner and Forrester recognize BWise as GRC leader since 2006 >1 million GRC professionals use BWise daily
- 7. CONDUCT RISK StrategicRisk ReportingRisk ComplianceRisk OperationalRisk Internal fraud External fraud Employment practices & Workplace safety Clients, products & business practices Damage to physical assets Business disruption and failures Execution, delivery & process management Conduct Risk ConductRisk
- 8. CONDUCT RISK StrategicRisk ReportingRisk ComplianceRisk OperationalRisk Internal fraud External fraud Employment practices & Workplace safety Clients, products & business practices Damage to physical assets Business disruption and failures Execution, delivery & process management Financial Risk Dimension Reputational Risk Dimension Conduct Risk Dimension
- 9. ALL AREAS OF THE BUSINESS, BUT TYPICALLY … (EXAMPLE FOR FINANCIAL SERVICES) Client-facing processes • Sales & Marketing Processes • Asset Management and Investment Advice • Complaints Management • Front Office Processes Back-office processes • Product Approval • Remuneration & Incentives Program IT assets & processes • IT Assets and IT Processes involved in all of the above processes
- 10. NASDAQ GRC BWise Master Roadmap10
- 11. NASDAQ VIEW OF THE GRC INDUSTRY MAIN AREAS OF GRC Nasdaq GRC Strategy11 Board-related categories Operational Risk categories Compliance Categories Legal Risk Categories Physical Categories Financial Risk Categories Enterprise Risk Management Audit Management Corporate Governance Corporate Social Responsibility Operational Risk Management Financial Assurance & Control IT GRC 3rd Party Management Anti-corruption & Fraud Ethics & Integrity Privacy Management Crisis Management Legal Matter Management Geo-Political Risk Management Global Trade & International Dealings Employment/ Labor Physical Security Management Quality Management Environmental, Health & Safety Management Treasury Risk Management Insurance & Claims Management Credit Risk Management Market Risk Management Financial Crime Risk Management Business Continuity Management Social Reputation Risk Management Regulatory Compliance
- 12. ELEMENTS OF CONDUCT RISK MAIN AREAS OF GRC Nasdaq GRC Strategy12 Board-related categories Operational Risk categories Compliance Categories Legal Risk Categories Physical Categories Financial Risk Categories Enterprise Risk Management Audit Management Corporate Governance Corporate Social Responsibility Operational Risk Management Financial Assurance & Control IT GRC 3rd Party Management Anti-corruption & Fraud Ethics & Integrity Privacy Management Crisis Management Legal Matter Management Geo-Political Risk Management Global Trade & International Dealings Employment/ Labor Physical Security Management Quality Management Environmental, Health & Safety Management Treasury Risk Management Insurance & Claims Management Credit Risk Management Market Risk Management Financial Crime Risk Management Business Continuity Management Social Reputation Risk Management Regulatory Compliance
- 13. ELEMENTS OF CONDUCT RISK MAIN AREAS OF GRC Nasdaq GRC Strategy13 Board-related categories Operational Risk categories Compliance Categories Legal Risk Categories Physical Categories Financial Risk Categories Enterprise Risk Management Audit Management Corporate Governance Corporate Social Responsibility Operational Risk Management Financial Assurance & Control IT GRC 3rd Party Management Anti-corruption & Fraud Ethics & Integrity Privacy Management Crisis Management Legal Matter Management Geo-Political Risk Management Global Trade & International Dealings Employment/ Labor Physical Security Management Quality Management Environmental, Health & Safety Management Treasury Risk Management Insurance & Claims Management Credit Risk Management Financial Crime Risk Management Business Continuity Management Social Reputation Risk Management Regulatory Compliance Market Risk Management
- 14. HOW CAN TECHNOLOGY HELP TO MANAGE RISK?
- 15. OPRISK CYCLE Risk Identification RCSA Loss & Incident Management Action Management Risk Framework Capital Calculation Risk Reporting KRI Management
- 16. COMPLIANCE & POLICY MANAGEMENT CYCLE Regulatory Requirements Risk-based Scoping Policy Creation Gap Analysis Policy DisseminationPolicy Attestation Compliance Assessment Regulatory Alerts Remediation & Risk Acceptance Enterprise Reporting
- 18. THE AUDIT CYCLE
- 19. INTEGRATION – SINGLE RISK LANGUAGE Internal ControlInternal Audit Compliance Risk Management
- 21. IMPLEMENTATION FORMATS 1. RDS BWise Best Practice working system Gap Analysis design document Configuration Go-Live system 2. Spiral Business Design design document System Design design document Configuration Go-Live system 3. BCOE BWise Training trained team Design & Configure working system configuration Go-Live system
- 22. WHY NASDAQ OMX BWISE
- 23. WHY NASDAQ BWISE 27 Company Product Services Long term focus on GRC Industry Leader since the start of the GRC market GRC is an instrumental part of company strategy 100% configurable by client, 100% upgradable Scalable, secure, east-to-use modern platform 100% integrated GRC functions Global implementation partnerships, Transcendent Global implementation teams and support Long-term customer relationships and references
- 24. 28 THANK YOU