Automate a very labor-intensive review and assessment process for operational risk
Assign risk management responsibility and accountability within the business
Ensure a cost-effective, continuous assessment of risks
Track various assignments towards successful execution
Capture and manage issues, losses, breaches, control failures
Ensure updated and consistent delivery of policies and procedures
Produce high-quality, accurate, comprehensive reports across your business
Manage programs across the organisation, including audit findings, regulatory change, and other initiatives
OneSumX for Operational Risk is designed to meet the latest functional and technical challenges in operational risk management for the financial services industry.
RiskTech Meets RegTech: How Regulatory Technology Can Enrich Risk Management Frameworks
Breakthrough technologies, as part of Regulatory Technology (RegTech) solutions, can help banks and financial institutions manage every facet of regulatory change, reporting, compliance and risk management more strategically.
OneSumX for GRC Functionality
OneSumX is modular,
meaning you are
licensed for the
functionality you need
immediately with the
ability to expand to
other areas as your risk
management function
matures.
OneSumX for GRC Functionality Product Overview
Frequently asked questions
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Q1. What is OneSumX® for Operational Risk?OneSumX® for Operational Risk supports identification, assessment, and monitoring of operational risks using structured workflows and reporting.
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Q2. What risk activities are supported?The solution supports risk and control self-assessments (RCSAs), loss event tracking, key risk indicators (KRIs), and control testing.
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Q3. How does it support remediation?Issues and remediation activities can be tracked centrally through resolution.
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Q4. Is it integrated with compliance workflows?Yes. Operational risk management integrates with the broader OneSumX® CPM platform.
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Q5. Who benefits from this solution?Risk officers, compliance managers, and operations leaders benefit from structured risk oversight.