OpenPages Operational Risk Management

An integrated solution for managing operational risk

IBM® OpenPages® Operational Risk Management automates the process of identifying, analyzing and managing operational risk and enables businesses to integrate risk data into a single environment. This integrated approach helps improve visibility into risk exposure, reduce loss and improve business performance.

OpenPages Operational Risk Management allows you to embed operational risk management practices into the corporate culture, making procedures more effective and efficient.

Risk indicator tracking — lets you create and monitor performance indicators for key risks and controls.
Single data repository — provides a central source for risk documentation including entities, processes, risks, controls, tests and results.
Business intelligence and decision support — delivers dashboards, charts and dimensional reporting to provide insight into the state of risk across the organization.
Loss event tracking — enables risk managers to track loss incidents and near misses, record amounts and determine root causes and ownership.
Scenario analysis — supplements risk assessment processes by identifying key scenarios and assessing their impact.

Risk indicator tracking

Enables you to track risk metrics and thresholds, with automated notification when thresholds are breached.
Supports proactive management of key risks to improve corporate performance.

Single data repository

Provides document management with check-in and check-out, version control and audit trail capabilities.
Enables unlimited levels of entities, processes, risks and control hierarchies to match the structure of your organization.
Eliminates redundancies through shared documents, processes, risks and controls.

Business intelligence and decision support

Provides browser-based, drag-and-drop report design capabilities.
Delivers reporting on the current state of operational risk across the organization.
Lets you drill down through reports for root cause analysis.

Loss event tracking

Offers statistical and trend analysis capabilities to enable tracking of remedies and action plans.
Improves risk measurement and helps minimize losses.

Scenario analysis

Provides input for capital modeling.
Enables business lines to assess high-impact risk areas and emerging risks.

OpenPages Operational Risk Management resources

Data sheet: IBM OpenPages Operational Risk Management (585KB)
Learn more about the OpenPages solution for identifying, measuring, monitoring, analyzing and managing operational risk.

White paper: Facilitating sound practices in operational risk management
Read how to build an effective operational risk management framework to deliver a better return on investment and improve business performance.

White paper: Meeting the Solvency II operational risk challenge
Learn how to integrate operational risk management techniques into core business operations and decision making processes.

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