Owing to the diversity of business objectives, there is no universally applicable method for measuring, reporting and managing operational risk.

Risk Advisors therefore provides a set of tools which can be used as appropriate within operational risk management.  These include:

1. Evaluating material operational risk concentrations (MORCs) using a highly structured scenario analysis. Feedback from Board members includes clear, objective and pragmatic.
   

2. Systems for stress testing operational risk.  Click here for a brief guide to the operational risk stress testing system 
   

3. Development of risk maps to help visualise and understand the risks of the organisation and hence prioritise business optimisation initiatives.
   

4. Providing advice and methodologies to report operational risk objectively. This is a requirement of both BASEL and SOX.
   

5. Analysis of operational risk systems to optimise their performance objectively, e.g. objectively testing key risk indicators to determine if they predict operational risk.