Transcript Meycor Solution for Basel II Operational Risk Management

Meycor Solution
for Basel II
Operational Risk
Management
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The Pillars of Basel II
 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)
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MEYCOR Proposal - Stage 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
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MEYCOR Proposal - Stage 2:
• Define proposals to improve the controls
• Design the Action Plans
• Manage Projects
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MEYCOR Proposal - Stage 3
• 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 Assessments
Examples
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Risk Assessment by Area
Identified Risk
Consequence
(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 Assessment by Area
Identified Risk
Consequence
(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
intruderdetection
software.
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Risk Maps
Mortgages
Banking
Credit
Cards
Current
Accounts
General Map
with Controls
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Record Loss Events
Meycor KP - Events
Legal
Registration
OS for
Operational Risk
Management
Generate the
documents
necessary to report
to Senior
Management,
Operational Risk
Committee, and any
areas involved.
Transfers
Collection
SR
Withdrawals
Measure
Assess
Customer Service
KRI
IT
UAIR
Meycor
Delphos
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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
Phone: (+598 2) 711-58-78 / 711-04-20
Fax: (+598 2) 711-58-94
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