1 Meycor Solution for Basel II Operational Risk Management.
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Transcript of 1 Meycor Solution for Basel II Operational Risk Management.
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Meycor Solution Meycor Solution for Basel II for Basel II
Operational Risk Operational Risk ManagementManagement
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First Pillar: Minimum capital requirement (Meycor COSO AG, Meycor KP, Meycor Delphos)
Second Pillar: Regulation process
Third Pillar: Market discipline (Meycor COSO AG, Meycor KP)
The Pillars of Basel II The Pillars of Basel II
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MEYCOR Proposal - Stage MEYCOR Proposal - Stage 1: 1:
• Document the reality of the organization
• Identify operational threats
• Classify them according to their likelihood and impact
• Manage improvement measures for the controls.
• Audit review of the controls
MEYCOR Proposal - Stage MEYCOR Proposal - Stage 2: 2:
• Define proposals to improve the controls
• Design the Action Plans
• Manage Projects
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MEYCOR Proposal - Stage MEYCOR Proposal - Stage 33
• Meycor KP Events - Allows you to record loss events, defining a knowledge database.
• Meycor Delphos - Allows you to manage Key Risk Indicators (KPI) and to issue the corresponding alerts.
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Threats and Threats and Assessments ExamplesAssessments Examples
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Risk Assessment by AreaRisk Assessment by AreaIdentified Risk Consequen
ce (1)
Likelihood(2)
Controls identified for each
risk
Control Self-
assessment(3)
Responsibility Area/Process: (Non-financial sector
credits) Credit Request
1 - Objective 1. Authorize credits according to the defined standards.
Risks:a) The information
submitted by the customers to request a credit is not authentic.
b)…c)…d)…
USD 100 to 200
Once a year The customer's information is verified by the Manager at the time of granting the credit.
Acceptable
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Risk AssessmentRisk Assessment by Areaby AreaIdentified Risk Consequen
ce (1)
Likelihood (2)
Controls identified for each
risk
Control Self-
assessment(3)
Responsibility Area/Process: (Systems Management)
Systems Security
1 - Objective 1. Ensure Availability, Integrity and Confidentiality
Risks:a) External
Security Breaches
b)…c)…d)…
USD 1.000 Once a month
Firewall. Annual intrusion tests
Needs improvement. Install an intruder-detection software.
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Current Accounts
MortgagesBanking Credit
Cards
General Map with Controls
Risk MapsRisk Maps
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Registration
Transfers
Collection
Withdrawals
Customer Service
UAIRIT
Legal
Generate the documents necessary to report to Senior Management, Operational Risk Committee, and any areas involved.
OS for Operational Risk
Management
Record Loss EventsMeycor KP - Events
MeasureAssess
SR
KRI
Meycor Delphos
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Click here to see the Meycor Solution
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Customized Solution Proposals
We develop Risk Management methodologies, procedure
manuals, role definitions and more.
Contact us at [email protected]
Patria 716 - CP 11300 - Montevideo - Uruguay Patria 716 - CP 11300 - Montevideo - Uruguay Phone: (+598 2) 711-58-78 / 711-04-20Phone: (+598 2) 711-58-78 / 711-04-20Fax: (+598 2) 711-58-94Fax: (+598 2) 711-58-94