Basel II Operational Risk Management System

Announcement - 28 Nov 2006
The Basel II Operational Risk Management System has reached Alpha stage. Parts of the system are now being verified and tested. We are still on target for our Beta date of 15 Jan 2007 and launch date of 28 Feb 2007.

Product Description
The Basel II Operational Risk Management System will enable organizations to comply to the Basel II standards for Operational Risk. Our current system enable organizations to keep track of their daily operational processes and how business is conducted.

The system is based on a complex workflow that tracks the process of periodic risk data submission which spans the entire organization. Our solution provides a simple yet efficient tool to assist Risk Managers to keep track on all the operational risk data.

The system will have the following features:

• Hierarchical role-based system for access control and role-based content and data manipulation.
• Provides the following operational risk tracking:
  • Processes and Tasks
  • Loss Data
  • Key Risk Indicators
  • Controlled Self Assessment
  • Capital Charge calculations
  • Capital At Risk calculations
• Consists of a complex but flexible workflow system for approval and review of forms and data.
• Provides individual up to date task list for users to keep track of current tasks.
• Operational risk data and visualization.
• Full audit trail of all data captured, entered and manipulated.
• Data drill down capabilities to allow Risk Managers to zoom in to the source.
• Data export to Microsoft Excel capability for further manipulation of operational risk data.

Technology Description
The Basel II Operational Risk Management System uses the following technologies:

• Microsoft .NET Framework 2.0
• Microsoft ASP.NET 2.0
• Microsoft Excel
• Microsoft SQL Server 2005
• Microsoft Windows Server 2003