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Operational Risk Management
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"Major banks have suffered nearly $210 billion in operational risk losses since 2011." Bain Capital
What we do:
IaS helps organizations mitigate operational risk to avoid penalties, reduce the likelihood of regulatory investigations and avoid tarnished reputations. The large number of high profile operational risk failures is prompting a step-change in the way operational risk is viewed and managed – moving away from a siloed, backward-looking approach, and towards a culture in which operational risk is managed proactively, strategically and on an organization-wide basis.
IaS helps organizations mitigate operational risk to avoid penalties, reduce the likelihood of regulatory investigations and avoid tarnished reputations. The large number of high profile operational risk failures is prompting a step-change in the way operational risk is viewed and managed – moving away from a siloed, backward-looking approach, and towards a culture in which operational risk is managed proactively, strategically and on an organization-wide basis.
What is Operational Risk?
The Basel Committee defines operational risk as the risk of loss resulting from inadequate or failed processes, people and systems or from external events. This definition includes legal risk, but excludes strategic and reputational risk. Legal risk includes, but is not limited to, exposure to fines, penalties, or punitive damages resulting from supervisory actions, as well as private settlements.
The Basel Committee defines operational risk as the risk of loss resulting from inadequate or failed processes, people and systems or from external events. This definition includes legal risk, but excludes strategic and reputational risk. Legal risk includes, but is not limited to, exposure to fines, penalties, or punitive damages resulting from supervisory actions, as well as private settlements.
Without risk, there's no reward:
But a failure to manage risk adequately can have catastrophic consequences, from a major fall in stock prices to product recalls or hefty fines. Corporate negligence and shady practices caused major issues for many organizations recently including FIFA, Volkswagen and Uber.
But a failure to manage risk adequately can have catastrophic consequences, from a major fall in stock prices to product recalls or hefty fines. Corporate negligence and shady practices caused major issues for many organizations recently including FIFA, Volkswagen and Uber.
The proprietary IaS OP Risk Framework empowers businesses to approach operational risk with confidence and fuel innovation and success.
IaS .. substance over style
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The IaS differentiation:
"3 Es" - Expertise, Experience & Excitement IaS is an elite boutique advisory firm with globally recognized partners and associates. We have the bandwidth of expertise in-house and with our affiliates to understand and advise on today's and tomorrow's volatile risk environment. IaS has over 30 Partners and over 300 associate partners in Canada, the UK and Ireland. We provide specialized insights for many industries including: . Banking, capital markets, investment management, wealth management, insurance, law firms; . Pharma, healthcare and medical marijuana; . Real estate, forest products, energy and metals and mining; and . Blockchain and startups. |
