Manage Operational Risk
Global investment organisations frequently struggle to identify and prioritise operational risk within their business.
The Detica NetReveal® enterprise risk platform identifies, measures, monitors and reports on operational risk. By taking data from diverse systems that often have different feed types and varying data quality, the solution provides a central data repository of networked data. It also creates a single view of data, linking together internal and external processes, traders, portfolios, counterparties and disparate systems and groups.
The solution assesses operational risk across multi-dimensional networked data. It combines classic rule-based indicators with statistical pattern-matching and outlier analysis. This enables the continual expansion of the patterns used to generate alerts and provides a highly predictive and accurate scoring methodology.
Detica NetReveal® enables you to reduce your exposure to operational risk and rogue trading. It provides the following key benefits:
- creation of risk scorecards to evaluate each individual trader or function;
- consolidated view of siloed controls;
- prioritised investigations by changing the focus from process to exceptions;
- reduced costs and effort in compiling key risk indicators (KRI);
- better identification of areas of high operational risk from trader activities;
- improved understanding and visibility of existing controls through management information (MIS).
For more information please download the factsheet Detica NetReveal® for Network Operational Risk Model from the knowledge centre