Operational Risk Management’s role within an organisation is to improve the bottom-line performance with a comprehensive risk management framework and methodology that reduces uncertainty and complexity of managing risk activities.
Today’s risk management functions are challenged by the rapidly changing environments they manage and the constant drive from the business to be relevant and efficient. The frameworks they develop and manage must be both up to industry standard and coordinated with the compliance and audit frameworks. A further challenge is to ensure that the frameworks for all risk types and across all business units are harmonised.
ARC Logics for Financial Services
ARC Logics, formerly known as Sword, is an enterprise risk management tool for financial institutions. Its modular components measure, monitor and manage compliance risk, financial risk, operational risk, and the audit process. This unique tool combines actionable intelligence and financial analytics with efficient policy, procedure and process management for transparency and control. It empowers risk management professionals to make smart decisions with confidence in a rapidly changing environment.
ARC Logics uniquely helps risk professionals achieve and sustain an optimal level of performance with a holistic view of operational risk, compliance and corporate governance across the organisation. Our proven Operational Risk Management Solution allows you to:
- Increase efficiencies in risk management – By providing integrated functionality, ARC Logics automates a very labour intensive review and assessment process for operational risk, compliance and corporate governance through integrated functionality.
- Improve performance and decision making – Risk management responsibility and accountability within the business is assigned by using world class content and libraries. Risk professionals can monitor regulatory changes, determine risks of those changes, and follow-up with appropriate action plans and priorities.
- automate and streamline risk management activities – ARC Logic’s tailored workflow ensures risk assessment, incident recording and associated activities are carried out correctly. Relevant and timely communication of the status of the processes is seamlessly communicated to relevant personnel.
- Obtain transparency of enterprise risks – senior executives can make better decisions and reduce future risk exposure by getting at-a-glance view of critical risks, dashboards, heat maps and enterprise indicators.