Oracle Reveleus Operational Risk

The Oracle Reveleus Operational Risk solution provides in-depth insight across the enterprise to effectively identify, monitor, and manage operational risk within a comprehensive governance, risk, and compliance (GRC) framework. This level of insight gives senior-level management and additional stakeholders the confidence that business performance is in line with stated business objectives—whether those objectives concern profitability or reputation or corporate responsibility.

• Increases data integrity
• Helps reuse data and reporting capabilities to ensure accuracy and reduce resource expenditures
• Quickly and accurately addresses organizational changes
• Effectively plans future risk assessments
• Links losses, risks, controls, risk scoring, indicators, and actions
• Calculates capital requirements on an economic, as well as regulatory, capital basis
• Strengthens risk assessments and controls
• Helps link compliance risks to regulatory rules
• Enables consolidation of compliance risk information

Oracle Reveleus Operational Risk is designed to serve the operational and compliance risk needs of institutions—and safeguard them from risk events and controls capture. It also provides self-assessments, KRI tracking, capital calculation, analytics, and reporting. The solution's consolidated action tracking functionality enables financial institutions to assess and select appropriate actions to mitigate, transfer, avoid, or accept as identified operational risks.