In a slowing economy, Operational Risk has become a priority for organizations, PSUs, banking sectors and businesses. Terms like restructuring, downsizing, cost cutting, layoffs and overall corporate planning and control initiatives are much called for and added to an objective priority list. A critical review and robust injection of new assets and operational activity is very much the need of the hour, especially in hard times with the emerging ‘S’ curve going down hill. It also prevents fraud from within or by external elements.

It is not the time to get glum, rather to be diligent, wise and focussed. It calls for extensive efforts and commitments to hold on to a code of practise and to purview key areas in an enterprise. We will help you stay safe, and free your hand for some real progressive ideas.

ORM in Focus

The proven Ps
Our unique 3-P approach includes People and Technology, merged with the ‘Process’ to capitalize on an organization’s true potentials.

As a process beyond the GRC initiatives: Beyond the norms on traditional audits: internal and regulatory; we redefine management of operational risk on a broader perspective. Ace highlights the competitive value of effective governance. Decisions on how to run a business should not be linked to regulatory action. Our customized ORM solution also covers performance improvement for maximum returns.

Holistic Approach: It is our unique approach that allows our ORM team to counter operational risk and its inter-reliants and parallels together with market and credit risks to further benefit from its potentials.

IT as solution to Duality: Elimination of IT related risks are only part of the bigger goal. We specialize in identifying risk in software and technical processes with rare capability to detect and capitalize on risk events significant to corporate performance. The idea is to measure and report on and potentially reduce risk through automation and standardization.

The Ace Methodology:

We use ORM as component of corporate performance management (CPM), which entails methodologies , metrics, processes and systems used to monitor and manage the business performance of a company.

The Ace Benefit:

We will help you assess and improve in prime interest areas with,

• Our ‘Gap Analysis’ assessment against ISO 9001 requirements, which aim at interaction between People, Process and Technology.
• By enabling consistent risk management processes with web-based applications across business lines to facilitate aggregation of data for centralized decision making focusing on risk acceptance, mitigation and transfer.
• Consultation services: Advice and guidance in implementation of ORM-related controls against best industry practices.
• Undertaking special audit of key / special functions / departments in an Organization.
• Formulating special training programs on ORM including compliance to Basel norms

Call our ORM executive today, or mail us with details at info@aceservices.co.in