top of page
Read More
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
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.
IDENTIFY
Identify what is happening and what should be happening
ASSESS
Assess risk likelihood, impact and determine priority
SOLUTION
Evaluate the effectiveness of the proposed solution
IMPLEMENT
Implement change in line with the agreed solution
MONITOR
Monitor the results and adjust based on feedback
bottom of page