|
ObjectRisk Operational Risk Management Suite
ObjectRisk Opeational Risk Management Suite includes many modules designed to address quantitative and qualitative requirements, including modeling, capital calculation, early-warnings, risk assessment and risk integration.
1 - Statistical Tools
1.1 - Basic Distribution and Simulation Module
This module addresses basic losses modeling, including simple distributions and Simulated LDA. Among its functionalities it includes:
· Frequency Distributions Modeling
o Simple Distributions
o Simulated LDA
o Fitness Tests
· Severity Distributions Modeling
o Simple Distributions
o Simulated LDA
o Fitness Tests
· Monte-Carlo Simulations
· Back-Tests for Model Evaluation
· Graphical Resources for evaluatiion of descriptive statistical and loss evolution analysis over time periods
· Scenario management
1.2 - Advanced Distribution and Simulation Module
This module addresses advanced losses modeling, including advanced distributions, mixture models and Simulated LDA.Among its functionalities it includes:
· Frequency Distributions Modeling
o Advanced Distributions
o Bayesian LDA
o Mixture Models
o Segmented Distributions
o Fitness Tests
· Severity Distributions Modeling
o Advanced Distributions
o Bayesian LDA
o Mixture Models
o Segmented Distributions
o Fitness Tests
·
Monte-Carlo Simulations
o Graphical Resources for Results Analysis
o VaR, TVar, ExVar
·
Back-Tests for Model Evaluation
· Graphical Resources for evaluatiion of descriptive statistical and loss evolution analysis over time periods
· Scenario management
· Copula Tools for losses agregation in different Segments
1.3 - Basic Distribution and Simulation Add-Ons
This module addresses aditional functionalities to complement the basic distribution and simulation module to manage operational losses. Among its functionalities it includes:
· Insurance Modeling
· Consortia and External Database Modeling (ORX, GOLD)
· New products and services losses modeling
· Loss Recovering Module
1.4 - Advanced Distribution and Simulation Add-Ons
This module addresses aditional functionalities to complement the basic distribution and simulation module to manage operational losses. Among its functionalities it includes:
· Insurance Modeling
· Consortia and External Database Modeling (ORX, GOLD)
· New products and services losses modeling
· Loss Recovering Module
1.5 - Mitigation Add-Ons for Basic Distribution and Simulation Module
This module addresses aditional mitigation functionalities to complement the basic distribution and simulation module to manage operational losses. Among its functionalities it includes:
· KRI Management
· Graphical Resources for KRI Analysis
· Regression based loss prediction
· KRO based Parameters Distribution Adjustment
· Monte-Carlo Simulation for Mitigated Parameters
· Expert-Opinion Treatment
2 - Management Tools
2.1 - Loss Event x Line of Business Matrix
The Loss Event x Line of Business Matrix is required to manage operational losses and calculate Entreprise-Wide VaR and Capital Allocation. It can be used both with the Basic and Advanced Distribution and Simulation Modules. Among its functionalities it includes:
· Step-by-Step Wizard designed to Build the Loss Event x Line of Business Matrix;
· For each cell the user can use the statistical functionalities of the statistical modules.
· This module include functionalities designed for copula processing, incluidng:
o Line of Business Correlation Matrix
o Loss Event Correlation Matrix
o Statistical Functions for Copula processing
·
Enterprise Wide VaR and Capital Calculation;
· Cell Specific Graphic Analysis and Descrptive Statistics
· Multi Scenario Analysis
2.2 - Risk Management Cockpit
Easy-to-Use Risk Management Cockpit for Risk Reports Creation including Rich Graphics, Traffic Lights, Heat Maps and Business Intelligence Features
2.3 - Control Self Assessment Module
Complete COSO and COBIT compliant Control Self Assessment Tool
2.4 - ObjectRisk Process Mapper
Automated Process Mapper. It works with Microsoft Visio and Generates Process Diagrams automaticaly
2.5 - ObjectRisk Capital Calculation
This module has the features to address the calculation of regulatory and economic capital allocation, including the BIA, STA and ASA Methodologies.
|