Oracle Reveleus Operational Risk

Oracle Reveleus Operational Risk provides an in-depth level of insight across the enterprise to effectively identify, monitor, and manage risk within a comprehensive governance, risk, and compliance (GRC) framework. This level of insight gives senior management and additional stakeholders the confidence that the business is performing in line with stated business objectives—concerning not only profitability but also reputation, corporate social responsibility, and business continuity risk.  Institutions are forever changing—their people, processes, systems, and the way they are organized. Oracle Reveleus Operational Risk provides a comprehensive repository of knowledge as a basis for confirming good governance, strong risk mitigation, and effective control.

Finally, the Oracle Reveleus Operational Risk Economic Capital module helps organizations determine the amount of capital needed for operational risk through advanced mathematical techniques including Monte Carlo simulation, and the management of risk exposures to ultimately optimize your capital.

• Single data repository for risks, controls, compliance obligations and events, losses, actions, rules and regulations, insurance claims and policies, SOX and policy attestations, KRIs across the business enterprise
• Flexible mapping between multiple data hierarchies for intelligent reporting purposes
• Risk and control assessment diary for forward planning of such activities
• Linkage of insurance policies to risks, controls, and claims
• Process risk and control mapping for assessment along different dimensions
• Option for business process management with over 600 pre-defined model processes
• Risk events collection and KRI tracking
• Loss causal analysis
• Unified metadata-driven data management architecture for easy restructuring of data
• Powerful workflow engine to keep users informed
• User configurability to reduce dependence upon the vendor
• Comprehensive and configurable dashboard reporting tool
• Economic capital module

• Work with an enterprise-wide view of all operational risk data to ensure a single and consistent view
• Eliminate redundant efforts and inconsistent results through a common, pre-built operational risk application
• Identify, measure, and mitigate risks including business continuity, legal, documentation, product, and all types of operational risks across the entire business
• Confirm that the enterprise is optimally insured and identify cost-saving opportunities through over-insured risks
• Compute operational risk capital requirements using loss distribution and scenario-based approaches
• Establish and maintain controls to keep operational risk levels aligned with your financial risk appetite
• Demonstrate improvement in control effectiveness to key stakeholders
• Reduce your cost of ownership and improve efficiencies with configurable user interface, workflows, and reporting
• Combine regulatory compliance needs and process attestations with a traditional operational risk methodology
• Avoid “risk fatigue” by testing controls independent of your RCSA process