Audience
Organizations in need of a solution automates the entire process of operational risk
About Azilon Risk Manager
Operational Risk Management is defined under the Basel Banking Accord as the risk of direct or indirect loss resulting from inadequate or failed internal processes, people and systems or from external events. Whatever your business and even before you have sold a product, operational risk threats are prevalent. The ability to understand such exposures, both in likelihood of occurrence and impact ensures that you can prioritize effective control for the most serious of risks. Understanding causality of faults will also assist staff improve their business practices, reduce costly errors and maintain a high level of delivery to your customers. Loss Data often referred to as internal data and is the process of accurately tracking loss event information and assigning such data points to business units, processes and control failures that caused or contributed to a fault.
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- Manage a centralized risk register with multiple hierarchies
- Keep tabs on financial impacts & probabilities based on risk tolerance
- Capture & relate financial, operational, reputational & third-party risks
- Map controls to regulations, frameworks, incidents & risks
- Remediate findings through workflows or the POA&M process
Ready-made products get you started in as quickly as 30 days:
- Governance, Risk & Compliance Suite
- Risk Management
- Third-party Risk
- Controls & Compliance
- Audit & Assurance
- Policy Lifecycles
- CMMC
- BC/DR
FedRAMP moderate environment available.
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- Map critical service and product delivery processes as they actually are
- Leverage objective risk insights that help you audit, analyze, and improve your business operations
- Plan, orchestrate, and measure risk management and resilience activities with confidence
- Leverage automation to reduce the burden of manual, time-consuming, repetitive tasks, freeing teams for higher value activities
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Integrations
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Company Information
Azilon
www.azilon.com/products-rm.asp
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Product Details
Platforms Supported
Cloud
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