New Generation Operational Risk: Europe

At BCS Consulting we only work with clients across financial services. Our portfolio includes a varied range of multinational and UK banks, smaller banks, asset managers, insurance firms and payment and card companies. Across our 170+ strong team of permanent consultants, we have deep domain knowledge in Capital Markets, Retail and Corporate Banking, Risk and Finance. For more information about us, our work and our thinking, please visit www.bcsconsulting.com.

OneTrust Vendorpedia™ is the largest and most widely used technology platform to operationalize third party risk, security, and privacy management. More than 5,000 customers of all sizes use OneTrust, which is powered by 75 awarded patents, to offer the most depth and breadth of any third party risk, security, and privacy solution in the market. OneTrust Vendorpedia is purpose-built software designed to help organizations manage vendor relationships with confidence and integrates seamlessly with the entire OneTrust platform, including – OneTrust Privacy, OneTrust GRC, OneTrust DataGuidance™, and OneTrust PreferenceChoice™.

To learn more, visit vendorpedia.com or connect on LinkedIn, Twitter and Facebook.

Wolters Kluwer (AEX: WKL) is a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. Wolters Kluwer reported 2018 annual revenues of €4.3 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs 18,600 people worldwide.

Members of our Governance, Risk and Compliance team will join you at New Generation Operational Risk this year.

Whether managing risk or complying with regulatory requirements and change, — our team works with more than 15,000 customers worldwide to help them successfully mitigate risk, navigate regulatory complexity and manage data to support critical decisions. In doing so, you spend more time focused on your customers and business’ performance.
Visit: http://www.wolterskluwerfs.com/

BitSight are associate sponsors at New Generation Operational Risk: Europe

DVV Solutions are associate sponsors at New Generation Operational Risk: Europe

ProcessUnity’s cloud-based solutions help organizations of all sizes automate their risk and compliance programs. Our highly configurable, easy-to-use tools significantly reduce manual administrative tasks, allowing customers to spend more time on strategic risk mitigation. As a software-as-a-service technology, ProcessUnity deploys quickly with minimal effort from customers and their IT resources. The inherent efficiency our technology delivers faster, better results, and the ability to scale governance, risk, and compliance programs over time. ProcessUnity’s suite of applications includes Third-Party Risk Management, Policy and Procedure Management, Enterprise Risk Management, Regulatory Compliance Management, Product and Service Offer Management, and more. Learn more at www.processunity.com.

The Shared Assessments Program is a global membership organization dedicated to developing the best practices, education and tools to drive Third Party Risk Assurance.

Setting the standard in Third Party Risk Management since 2005, Shared Assessments has built a membership ecosystem of cross-industry organizations from outsourcers to vendors to regulators to technology providers. This diverse perspective produces a collective intelligence that is the foundation of Thought Leadership in various forms:

• Education and professional development through the Certified Third Party Risk Professional (CTPRP) and the Certified Third Party Risk Assessor (CTPRA) Certifications
• A suite of best practice third party risk management tools
• Collaboration through working committees and in-person meetings
• White papers, studies and presentations

To receive more information about Shared Assessments initiatives or to join Shared Assessments peer group projects, please contact info@sharedassessments.org.

Xactium is a cloud based GRC software provider that helps Risk Managers to transform the way that organisations value and manage their operational risk. As the central risk platform used by the FCA to supervise the market, it has also been adopted by a wide range of financial service organisations including Direct Line Group, Secure Trust Bank, Post Office Money and Leeds Building Society to name a few.

Xactium utilises embedded AI, 3D visualisation and automation to dramatically improve efficiency within the Risk Management process while also providing innovative analytics and powerful reporting tools, allowing for improved insights while enabling senior managers to priorities resources effectively. Overall the Xactium solution releases more time and resources for the risk team to help promote best practice and demonstrate the value of risk across the organisation.

Mazars is an internationally integrated partnership, specialising in audit, accountancy, advisory, tax and legal services. Operating in 91 countries and territories around the world, we draw on the expertise of 40,400 professionals – 24,400 in the Mazars integrated partnership and 16,000 via the Mazars North America Alliance – to assist clients of all sizes at every stage in their development. In the UK, Mazars has approximately 130 partners and over 2,250 employees, and is ranked one of the top 10 firms nationally.

Complexity is inherent in operational risk. But that does not mean robust analysis of operational risk needs to be complicated. A different approach to risk was required to “translate” firms’ existing information into tractable analytics. So was born Monte Carlo Plus (mc+) to provide rapidly-deployable but sophisticated analysis of operational risks for any size of firm.

By providing an easy-to-use methodology and platform for operational risk, mc+ offers financial firms a rapid method to estimate operational risk capital requirements for ICAAP Pillar 2A and stress testing for Pillar 2B using firms’ subject-matter-expert judgment and minimal data points. Even new risk classes, such as cyber risks can be handled in analytically meaningful ways, enabling firms to judge whether insurance tranches and premiums represent value for money, so mc+ pays for itself.

Also, it is tried and tested: UK financial firms have used mc+ at all stages of the supervisory process including SREP. And, because firms can undertake sophisticated risk-based analysis simply but with a tiny learning curve, capital requirements for operational risk, including sensitivity analysis, can be calculated in a few hours, not months – a cost-efficient solution that moves firms to the next level of operational risk analysis and usability.

SAI Global helps risk and compliance professionals effectively navigate risk by addressing it from every perspective. Our integrated risk management platform and modern ethics and compliance learning content are designed to help your organization effectively manage risk so you can grow your business while protecting your most valuable assets – your brand and reputation. Our software addresses the following key risk areas; Operational Risk, Internal Control, Internal Audit, Regulatory Compliance, Digital Risk & Cybersecurity, Business Continuity, Vendor Risk, Policy Management and much more. Our ethics & compliance online training content covers key topics like, code of conduct, data privacy, anti-bribery, competition law and conflicts of interest. It is available in over 50 languages and can be easily customised to match your brand and terminology.

20 years redefining the way the world thinks about risk.

Protecht helps organisations through deep understanding, monitoring and management of risk. We provide the complete risk solution—comprised of world-class enterprise risk management, compliance, training and advisory services—to government organisations, key regulators and businesses of all sizes across the world.
With 20+ years at the forefront of risk and compliance solutions, millions of incidents managed across thousands of individual risks, and over 25 thousand people attending our training courses to date, we’re one of the most respected and influential voices in risk.

Protecht.ERM

Dynamically manage all your risks in a single platform, including: Risks, Compliance, Health and Safety, Internal Audit, Incidents and KRIs. Protecht.ERM helps risk managers focus on the right things. It automates the manual and time-consuming processes of managing the collection and analysis of risk information across your organisation.

The implementation of Protecht.ERM is completely scalable, assisted by easily deployable best-practice templates for risk assessment, incident reporting and auditing. Alternatively, you can create your own data capture forms, workflows, dashboards and reports—without IT or coding skills. The tool was designed by risk managers for all kinds of users and is configurable to your business processes.

Scalable and accessible from wherever you are, Protecht.ERM is suitable for any organisation, regardless of size, industry or risk maturity stage.

ORX is the largest operational risk association in the financial sector and for nearly two decades has been an ever-expanding global community that brings together thousands of operational risk professionals to share knowledge, expertise and experience.

ORX’s services include a range of solutions focused on effective management and measurement of operational and non-financial risk. As well as enabling the secure and anonymous exchange of loss data between financial organisations, their services also include ORX News, a platform that collates publicly-reported loss events from around the globe, an extensive research programme, and many global networking events.

ORX not only supports individual organisations to assess their vulnerability to losses, but also to shape industry-wide development of best practice. ORX is owned and managed by over 100 financial firms from all over the world. As a not-for-profit organisation, ORX invests all income back into providing high-quality benefits for operational and non-financial risk professionals. This ultimately helps develop the discipline.