Operational Risk

Mitigate and control operational risks

On account of regulatory requirements and business needs, banks face new functional and technical challenges in the management of operational risks. In addition, considerations related to the integrated, bank-wide value-based management make it vital to monitor and control operational risks.

zeb/ optimally supports financial institutions in responding to regulatory and business issues and, with zeb//control risk and the module Operational Risk (zeb/operational.risk-manager), offers a powerful tool for managing and monitoring operational risks. You can select the individual modules of the system and combine them in line with the specific needs of your bank. Specifically, zeb//control risk supports you with the following functionalities and features:

Risk assessment

Operational risks are systematically covered and their probability of occurrence and the resulting losses can be assessed in quantitative as well as qualitative terms. The system supports you in the performance of self-assessments and provides a structured input and management environment.

You can easily record actions taken to prevent risks or reduce losses as well as responses to incidents designed to minimise losses. In scenario analyses, the actions planned can be assessed on the basis of cost-benefit criteria.

Risk indicators

By developing bank-specific risk indicators, an early warning system can be set up that allows you to detect negative developments at an early stage by defining tolerance thresholds. Furthermore, an integrated risk management approach is applied that includes the transparent representation of safeguards and covers provided against risks, of the responses to them as well as the potential damage and serial risks related to them.

Planning and management of actions

You can easily record actions taken to prevent risks or reduce losses as well as responses to incidents designed to minimise losses. In scenario analyses, the actions planned can be assessed on the basis of cost-benefit criteria.

Loss incident database

In a systematic database on loss incidents and serial risks, losses are grouped by their causes to provide you with a clear overview: either in line with the Basel-II-compliant classification included in the software or in line with bank-specific categories.

Risk analysis

Management-oriented analyses help you to quickly get a comprehensive risk overview. At the push of a button, you can generate standard and ad hoc reports in line with the needs of specific target groups. These reports provide a detailed risk quantification and clearly indicate the status of individual loss categories by means of risk traffic lights.

With a view to risks, losses and actions, the expected loss potential can not only be quantified but also illustrated by graphical means: in risk maps and risk traffic lights indicating the status of individual loss categories. Additionally, you can conveniently create a dynamically populated, non-modifiable risk manual satisfying legal documentation requirements.

Do you need further information or are you interested in using zeb//control risk in your bank? We would be pleased to arrange a meeting at your office to present all the functionalities of zeb//control risk and discuss its application in your bank.