MetricStream - Operational Risk Management Software

Define business objectives, processes, products, risks, and controls, and map the relationships across these data elements. Document organizational hierarchies, and link risk appetites to strategic business objectives. Record and manage operational risks and associated details such as risk description, category, hierarchy, and ownership in a centralized library and risk framework.

Plan, schedule, manage and perform risk and control assessments easily with our ORM tool. Evaluate inherent and residual risks both quantitatively and qualitatively. Easily aggregate risk scores using weighted average method where weights can be given to multiple dimensions. Define risk treatment plans to accept, avoid, transfer, or optimize risk.

Capture, analyze, categorize, and remediate internal risk events and losses across multiple impacted organizations in compliance with industry regulations like Basel Accords. You can also aggregate multi-currency risk events in a single currency. Define loss thresholds, consolidate data from external loss data exchanges, analyze trends, conduct causal analysis, and initiate corrective actions.

Measure and closely monitor key indicators for risks (KRIs), controls (KCIs), and performance (KPIs). Set thresholds to identify potential threats and mitigate them in advance. Enable correlative analyses between various key metrics. Send alerts and notifications on any breach to relevant personnel and define multiple follow-up actions.

Leverage AI/ML to quickly identify issues based on relationships and recommend issue classification. Recommend action plans to modify controls or define new controls as part of the issue remediation process. Monitor the status of the implemented actions at every stage and track them to closure.

Define multiple operational risk parameters and calculations rules. Enable advanced risk quantification, analytics, and modelling. Quantify risks into monetary value.

Gain a 360º view of your ORM program through interactive executive dashboards, heat maps, and advanced data visualization of key metrics. Access real-time information through role-based landing pages with graphical dashboards to stay on top of operational risks. Leverage loss data analytics reports and dashboards to understand root causes, total loss exposure, and optimize your ORM program.