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Stressed Man

Simplify Operational Risk

Answer 3 questions to accurately identify every operational risk for your fund

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Fund Elements solution makes it easy to identify Operational Risks as the Fund's Operating Model documents the level of precision required by each team member

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A fund centric approach for service providers

Single view of operational risks for all your teams

Single Context

Single Context

Your fund's Operating Model consists of high quality Standard Operating Procedures that connect Governance, Management and Operations activities. These easy to follow process-flows are linked to the fund's Books and Records to provide a single view of the operating lifecycle. They provide the precision required by each of your Teams to identify any operational risk by answering 3 questions:

Reality

The first question deals with Operations reality by objectively  establishing what is currently happening

Gap

The objective of the second question is to establish a gap by identifying what should be happening 

Solution

The final question is to get feedback on the proposed resolution by identifying how the gap can be closed

Levels

Risk identification can take place at Governance, Management and Operations levels 

“The different levels of details in the Operating Model allow the fund's Management to build up a view of risk based on Operations Teams feedback and break down Governance level risk themes”

Chief Risk Officer - Umbrella Fund Structure

Risk Management Lifecycle

Risk Management Lifecycle

Fund Elements solution provides the functionality you need to supports each stage of the Operational Risk Management Lifecycle.

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IDENTIFY

Identify what is happening and what should be happening

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ASSESS

Assess risk likelihood, impact and determine priority

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SOLUTION

Evaluate the effectiveness of the proposed solution

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IMPLEMENT

Implement change in line with the agreed solution

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MONITOR

Monitor the results and adjust based on feedback

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