
Operational risk management has always been a vital function for financial services. Operational risk management abbreviated as ORM, is a cyclic process which includes factors such as risk assessment, risk decision making, and implementation of risk controls to recognize, mitigate and avoid risk. Operational Risk Management in Financial Services is evolving as a dynamic business promoter, focusing on operational risk arising from internal business model, enterprise workforce, customer preferences, regulatory compliance both at regional and global level and fraud risk. Here comes the ORM solution in picture which includes promoting a risk aware culture in the enterprise, identifying and reporting operational risk information, reduce unexpected losses by regulatory compliance at all levels, holistic understanding of risk and its possible losses and finally establishing a consolidated view of risks, controls and workflow processes. Financial Services Operational Risk Management Solutions is all about creating a link between operational risk and risk- related solutions that reinforce technology with deep expertise of financial risk solutions.