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Optial - leading supplier of proven Operational Risk and Compliance
Management solutions |
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Lexington
partners with Optial to deliver proven Risk and Compliance Management
solutions for Financial Firms. The
Optial solution can help to deliver to a Board, at the touch of a button, a
clear understanding of a Firm’s operational risk position and key risk
drivers together with the mitigation processes and control infrastructure
that have been set up to address these risks. It can also deliver the
transparency across all operating territories and business units so that
management teams can identify any endemic or systemic operational issues that
could result in significant exposures or adverse publicity. Every
Firm has a unique business model and corresponding risk profile - even more
pronounced for multinational Firms operating across several jurisdictions.
Optial doesn't try to impose 'one size fits all' processes onto its clients;
rather Optial helps their clients build Total Corporate Governance by mapping
an organisation structure, operational performance criteria and control
processes into an overall risk model. Optial’s
simple data entry techniques, loss/incident database, operational risk self
assessments, key risk indicators and monitoring processes are underpinned by
a strong workflow engine, which helps Firms achieve a cultural shift to embed
operational risk and associated control processes into daily work routines
globally. Workflow in Optial ensures that nothing is forgotten or missed; an
alert is given to management if an activity is late. Being
able to demonstrate effective management of operational risk and compliance,
which Optial delivers, is essential to protect shareholder value and can
result in a reduced capital requirement under an Advanced Management
Approach. Optial can help management teams to understand and
control their operational risks over the total enterprise, across the various
businesses and geographies of a Firm, while supporting local management teams
at the coal face, including local language user interfaces and reporting. Optial has the largest installed blue-chip
geographic footprint of any Operational Risk and Compliance platform: it is
deployed across 50 countries by a client base including Standard Chartered
Bank and Skandinaviska Enskilda Banken AB (SEB), whose global deployment
covers nearly 20,000 users in 20 countries around the globe in 6 languages.
SEB are now able to show clearly to their supervisor that they meet the
criteria for Basel II AMA recognition. Optial is supported from centres in
London, Atlanta and Sydney. Please click
here if you would like to visit Optial's web-site. |
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