Central Bank`s across various countries have issued regulations around ‘Operational Resilience’ and Gieom’s Risk Central addresses the requirements under these guidelines as they are aligned to Basel guidelines on operational resilience.
Gieom’s Operational Risk and Resilience Platform – Risk Central, is designed to help organisations, ensure the continuity of their operations and minimize the impact of disruptions or unexpected events.
Key Functions and Capabilities
For the identified critical services It helps to carry out a granular level dependency and interdependency mapping among different systems and operations to identify potential points of failure. The mapping tool facilities to do move from the traditional document method to an easy-to-understand visualisation approach.
CONTINUITY PLANNING MANAGEMENT
The platform assists in developing and implementing comprehensive business continuity and disaster recovery plans. It helps organizations define strategies, procedures, and guidelines to maintain essential operations during and after disruptive events.
BUSINESS IMPACT ANALYSIS
Risk Central conducts a business impact analysis to understand the critical functions and processes within an organization.
RISK IDENTIFICATION AND ASSESSMENT
Identify potential risks and vulnerabilities in the organization’s operations. It helps to formulate a scoring method to assess the likelihood and potential impact of various risks, such as cyber threats, natural disasters, supply chain disruptions, or system failures. Additionally, it allows to put in place requisite controls to mitigate risks and continuously monitor the effectiveness to these controls.
INCIDENT MANAGEMENT AND RESPONSE
Operational risk & resilience platform provides centralized software to manage and coordinate incident response efforts. It enables real-time monitoring, alerting, and reporting of incidents, allowing organizations to quickly respond and mitigate the impact of disruptions. It may include features such as incident tracking, communication tools, and workflows for incident resolution.
TESTING AND EXERCISING
The platform facilitates testing and exercising of business plans and incident response procedures. It allows organizations to simulate various scenarios and evaluate the effectiveness of their resilience strategies. This helps identify gaps, improve response times, and enhance overall operational resilience.
COMPLIANCE AND REPORTING
Risk Central assists organizations in meeting regulatory requirements related to operational resilience and risk. It provides documentation, reporting, and audit trails to demonstrate compliance with relevant standards and regulations.
DATA VISUALIZATION AND ANALYTICS
The platform may offer data visualization and analytics capabilities to provide insights into an organization’s operational resilience posture. It helps identify trends, patterns, and areas of improvement, allowing organizations to make data-driven decisions and enhance their resilience strategies.
Overall, Gieom`s Risk Central – Operational Risk and Resilience Platform, enables organizations to proactively assess risks, develop robust business continuity plans, effectively respond to incidents, and ensure the uninterrupted operation of critical functions during disruptions.
Operational Resilience Brochure
Risk & Resilience Demo Video
Processes & Learning, Policy Digitization, Business Process Observability
Video Customer Engagement
ESG Assessment, SLLP, ESG Reporting