Operational risk is “the risk of a change in value caused by the fact that actual losses, incurred for inadequate or failed internal processes, people and systems, or from external events (including legal risk), differ from the expected losses”.
A systematic capture of proper loss events and near misses is a key pillar of operational risk management. Loss events can be entered, evaluated and processed in RaPID on-line by authorized people and workflow support.
- Location
- Department
- Business segment
- Type of loss events
- Risk factors
- Risk sub factors
Powerful reporting
- Time series analysis
- Slicing & dicing
- Drill down / up
- Filtering
- Frequency-severity matrix
- Frequency-severity-control matrix