Acuity Risk Management

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Operational risk management:
Always-on visibility of operational risk

Helping organizations manage continually evolving risks to
business operations.

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What does ‘good’ look like?

A good operational risk management program keeps loss events within tolerance and maintains operational resilience. A strong operational risk management strategy provides an always-on visibility of operational risk status, updated as KRIs, KCIs and other key metrics change.

  • The business anticipates when the frequency or impact of operational loss events exceeds tolerance and takes action.
  • Risk management decisions are made with confidence, based on solid data and effective analysis.
  • Risks are communicated clearly to stakeholders.
  • The operational risk program continually optimizes and proves value over time by comparing outcomes against predictions.

Datasheet

Operational risk management

The risks to organizations’ operations continually evolve. In today’s digital era, risks go beyond the familiar ones of fraud, human error and technical failure to include risks related to artificial intelligence, robotic process automation and weaponized misinformation. Acuity’s STREAM Integrated Risk Manager provides visibility and helps you to manage operational risks effectively.

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Processes and features

Operational risk management is an ongoing process, not a one-time activity. Here are some of the steps involved in operational risk management using STREAM.

gain-visibility

Gain visibility

See all the operational risks your organization faces, updated automatically as they change, and prioritize responses based on tolerance levels.

measure-the-risks

Measure the risks

Using configurable quantitative, qualitative or mixed-mode risk assessments, determine how significant each risk is.

check-best-practices

Check best practices

Plan your response by checking pre-configured catalogs detailing best practices for known risks.

prioritize-your-responses

Triage the highest risks

Prioritize operational risks based on significance and respond accordingly.

monitor-ongoing-risks

Monitor ongoing risks

Stay aware of risks, including new risks, and take action when the risk level exceeds organizational tolerances.

plan-security-investments-based-on-ROI

Plan security investments based on ROI

Improve operational readiness with ROI-based analysis of risk management investment options.

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