Operational risk (OR) is gaining attention due to headline-grabbing, multimillion-dollar operational risk loss events; some of them even bringing healthy institutions to the brink of bankruptcy. The Basel Committee’s recognition of a separate capital charge has also been an influencer. The management of operational risk is shifting from a decentralized, individual, profit-center-driven approach to a centrally-coordinated, standardized, enterprise-wide effort. With these developments, selecting and using the appropriate technology platform becomes critical for success.

i-flex Consulting’s methodologies offer a well-defined path for operational risk initiatives, irrespective of the stage these initiatives are in. Our consultant teams consist of experienced bankers, auditors, risk managers, risk modelers/quants, and operational risk specialists, who are able to synthesize practical solutions. Further, our rich repositories of processes and controls help jumpstart the implementation process.