A holistic view of risk: Combining risk assessment, risk events, scenario and KRI data

THE PANEL

• Brenda Boultwood, senior vice president of industry solutions, MetricStream
• Michael Barton, director, operational risk quantification/scenario analysis, Wells Fargo
• Andrew Richardson, director of risk management, Meridian Credit Union
• Moderator: Alexander Campbell, editor, Operational Risk

Traditionally, financial services organisations have managed operational risk in silos. Data for each process is often stored in separate repositories with few or no connection points. Organisations are realising the positive impact of comprehensive approach to operational risk management (ORM).

Executed effectively, ORM can lead to considerable financial benefits, stimulate increased profitability and financial stability with greater visibility into the operations of business processes. To achieve these, organisations need to define a consistent and comprehensive approach and a unified platform that brings together information across risk assessments, controls, key risk indicators, risk events and scenario analysis.

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